Eventus has launched Frank AI, its artificial intelligence solution for financial compliance teams and surveillance analytics. Eventus's use of deterministic AI for its trade surveillance solution ensures compliance with regulatory inquiries and audits, thereby helping to maintain security, repeatability, and transparency —essential for effective compliance.
Travis Schwab, Eventus CEO, said: "We're excited about the groundbreaking nature of Frank AI and the power it puts into our clients' hands for compliance and risk analysis. It provides extreme flexibility, adapting to different analytical needs and user expertise levels."
Frank AI
The solution harnesses natural language processing (NLP), large language models (LLMs) and is fully integrated into Eventus' Validus platform. It also includes AI tools and behavioural analytics, helping users automate complex processes, improve accuracy, reduce alert noise and enhance operational efficiency.
Frank AI can also identify nuanced patterns of misconduct more effectively in their trade surveillance and risk monitoring programs. It is compatible with many public LLMs, including OpenAI, Anthropic and Google.
It also claims to offer enterprise-grade security with comprehensive data protection and an on-premise deployment option.
Financial compliance
Designed specifically for financial compliance and surveillance analytics, Frank AI's repeatable querying ensures accuracy, reducing the risk of AI "hallucinations", incorrect, unpredictable, or misleading responses common in generative AI.
"Frank AI sets a new standard for AI in financial compliance by solving the fundamental challenge that has prevented widespread AI adoption in regulated environments – the need for deterministic, auditable and secure AI responses. Frank AI delivers consistent, traceable results that compliance teams can trust and regulators can verify," Martina Rejsjö, Eventus vice president, Product Management, said.
