Eventus Unveils ‘Frank AI’ to Supercharge Financial Compliance

Eventus, a leading global provider of trade surveillance and market risk solutions, has officially launched Frank AI, a new suite of AI-powered technologies purpose-built to tackle the immense challenges of financial compliance and surveillance.

A Smarter Approach to Surveillance
Frank AI is not a single product but an advanced intelligence layer integrated across Eventus's flagship Validus platform. It is designed to make the process of monitoring for market abuse and financial crime smarter, faster, and more effective. Financial firms, including banks and brokerage houses in Nigeria's fast-growing market, are under increasing pressure from regulators to effectively monitor trillions of transactions for sophisticated forms of misconduct.

According to the company's announcement, Frank AI introduces several powerful new capabilities:

Generative AI for Investigations: One of the standout features is a generative AI assistant that can dramatically speed up the investigation process. When the system flags a potentially abusive trading pattern, the AI can automatically produce a draft investigation report, summarizing the complex data in clear, natural language. This allows compliance officers to focus on analysis and decision-making rather than on time-consuming report writing.

Advanced Anomaly Detection: Frank AI employs sophisticated machine learning algorithms that go beyond traditional, rule-based alerts. The AI can learn the normal trading behavior of a client or a market and then flag novel or unusual patterns that could indicate new forms of market manipulation, which older systems might miss.

Reduction of "False Positives": A major headache for compliance teams is the sheer volume of false positive alerts generated by legacy surveillance systems. Frank AI uses its intelligence to provide more context around alerts, helping to filter out the noise so that human analysts can focus their attention on the most credible threats.

Empowering the Compliance Officer
Eventus executives have emphasized that Frank AI is designed to augment, not replace, human expertise. The goal is to create a powerful partnership between the compliance professional and the AI, turning the overwhelming flood of market data into actionable intelligence.

The launch of Frank AI is a significant development in the world of RegTech (Regulatory Technology). It reflects a major industry trend toward using artificial intelligence to move beyond simple rule-checking and toward a more proactive, intelligent, and predictive approach to maintaining the integrity of financial markets.