MinervaAI
A Turnkey Platform to Combat Money Laundering

Anti-money laundering (AML) compliance is critical for banks and financial institutions to prevent mounting financial crimes. A perennial challenge is that AML compliance programs tend to be a cost center, requiring many expert investigators to process alerts and conduct client risk assessment manually. In addition, it is not humanly possible to ingest vast amounts of financial data to assimilate and analyze risks in a short period.

MinervaAI turns this manual multi-hour AML investigation into a 20-second simple process.

Founded by AML industry experts, MinervaAI is a regtech platform powered by deep learning and automation to perform real-time client risk assessment leveraging billions of open source data points in just a few seconds.

“Minerva accelerates the client risk assessment process, which decreases friction for the customer while also improving the efficiency and effectiveness of the compliance program,” says Jennifer Arnold, co-founder and CEO of MinervaAI.

Its consensus technology and deep learning capabilities make risk analysis easy, providing clients with a complete audit trail with which to demonstrate compliance to their regulators. Minerva can be deployed at onboarding/KYC, enhanced due diligence, investigations and ongoing monitoring, and uses beneficial ownership data, as well as criminal and legal information, and a host of other relevant data sources, to get a full picture of the client.

Instead of leaving investigators to flounder in a sea of data, Minerva’s entity resolution engine identifies, aggregates and analyzes the data, providing insight so investigators can make better decisions, faster.

MinervaAI can be deployed as an end-to-end client risk platform or a la carte, to enhance the organization’s risk posture and improve compliance. Customers can use the platform both for end-to-end AML risk management and to fill gaps in their current AML tech stack.

When deployed end-to-end, the system captures and identifies risks associated with each client’s profile throughout the life cycle of their relationship. Minerva’s risk scoring provides users with a holistic view of their customer’s risk status so they can proactively manage and understand a customer’s risk profile in the context of their own risk appetite.

MinervaAI is 300 times faster, 99.9 percent accurate, and about 100 times cheaper while providing actionable insights in less than 20 seconds. Outputs provide an impeccable audit trail with full data lineage so clients are able to demonstrate compliance to their regulators.

Minerva accelerates the client risk assessment process, which decreases friction for the customer while also improving the efficiency and effectiveness of the compliance program

Implementing Minerva is hassle-free. Clients can implement the platform through a flexible API integration or out-of-the-box UI configured to align to the clients risk appetite. Training is offered in-person, virtually, or self-led, through an extensive Knowledge Hub that includes reference guides and videos.

The defining factor of MinervaAI’s success is its commitment to delivering a seamless customer experience.

In one instance, a large customer compared its current process (multiple spot solutions and Google searches, copy and paste) to Minerva (single scan method) and realized they could condense almost a full day’s work into just a few minutes with Minerva. For another customer, they were able to properly identify their Canadian PEP population, which is critical as PEP definitions change from country to country.

Banks, crypto exchanges, and fintech companies can count on MinervaAI’s depth and breadth of real-time financial crime risk assessment capabilities to gain a comprehensive view of each client in just seconds. And they do this easily and affordably.