Denmark-based lender Danske Bank has selected Behavox as its compliance platform to boost its risk management capabilities.
Behavox, an artificial intelligence (AI)-based end-to-end data operating platform, will offer electronic and audio communication compliance supervision to the bank.
The bank will use data analytics, AI and machine learning capabilities of the vendor to strengthen its regulatory compliance controls.
Behavox’s technology adheres to the norms of FCA, FINRA, and CFTC, supporting compliance requirements for Dodd-Frank, MAR, FCPA, SMR, and MiFID II.
Behavox founder and CEO Erkin Adylov said: “Danske Bank is our latest European customer with a vision to enhance risk management and compliance through agile SaaS-based operations.
“As the only vendor, who can enable enterprises to aggregate, analyse, and act on data to maintain regulatory compliance, we are committed to helping Danske and other customers uphold their risk management commitments.”
The lender selected Behavox as part of its strategy to grow its business using advanced data analytics.
Danske Bank hopes to become faster, smarter and agile in supporting hundreds of its branches and millions of clients across the Nordics.
Danske Bank EVP Simon Kingsbury said: “At Danske Bank, compliance is not a checkbox. It is an integral part of our strategy in a competitive and demanding regulatory environment.”