MinervaAI
Minerva offers an AI-driven platform designed for anti-money laundering risk assessment, employing deep learning and neural networks to analyze multilingual data for compliance screening in financial institutions. The system automates the monitoring and reporting of risks related to politically exposed persons, sanctions, and watchlists, significantly reducing false positives.
- Category: Compliance / Governance / Risk
- Location: Toronto, Ontario, Canada
- Founded: 2018-08-01
- Total funding: 11000000
- Website: https://minervaai.io
Product & Features
- Automates AML risk screening to onboard up to 96% of clients without manual review.
- Reduces false positives by 75% through contextual understanding of risk.
- Resolves alerts 4x faster than manual research by consolidating critical information automatically.
- Provides a shared queue for all alerts, enhancing team collaboration and oversight.
- Configures ongoing client monitoring to align with AML policies, handling scheduling automatically.
- Utilizes intelligent alert management to filter out redundant alerts based on past decisions.
- Integrates seamlessly with existing compliance systems via simple APIs, ensuring minimal disruption.
Funding Rounds
- Pre-Seed — Undisclosed (2020-07)
Investors
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Frequently Asked Questions
What is MinervaAI?
Minerva offers an AI-driven platform designed for anti-money laundering risk assessment, employing deep learning and neural networks to analyze multilingual data for compliance screening in financial institutions. The system automates the monitoring and reporting of risks related to politically…
What does MinervaAI do?
Automates AML risk screening to onboard up to 96% of clients without manual review. Reduces false positives by 75% through contextual understanding of risk. Resolves alerts 4x faster than manual research by consolidating critical information automatically.
How much funding has MinervaAI raised?
MinervaAI has raised 11000000 across 1 funding round.
Who are MinervaAI's investors?
MinervaAI's investors include Forum Ventures.
What category does MinervaAI fall under?
MinervaAI is a legal technology company in the Compliance / Governance / Risk category.
Where is MinervaAI based?
MinervaAI is based in Toronto, Ontario, Canada.