Dime Community Bancshares, the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1), has chosen Quantifind’s AI-powered risk intelligence platform to enhance its sanctions screening for payments.
Financial Technology Insights: Thunes Secures U.S. Money Transmission Licenses for Expansion
Faced with increasing regulatory scrutiny and growing complexity in global transactions, Dime sought a more precise and scalable solution to strengthen its compliance program while maintaining efficient operations. After a competitive evaluation, Dime selected Quantifind for its advanced capabilities in risk detection and seamless integration into existing workflows.
“Our partnership with Quantifind represents a significant advancement in our compliance capabilities,” said Michael Fegan, CTO, Dime Community Bank. “Quantifind’s AI-driven platform equips us to protect our customers and communities while maintaining the highest standards of regulatory compliance.”
Financial Technology Insights: Binance Launches Altcoin Spot Liquidity Program
“We’re proud to partner with Dime Community Bank and extend our support to mid-market banks that are critical to the financial ecosystem,” said Graham Bailey, Quantifind COO. “Quantifind’s solutions are designed to empower banks of all sizes to tackle financial crime with unparalleled speed, accuracy, and scalability.”
Financial Technology Insights: TCW Launches Private Asset Income Fund for ABF Exposure
Quantifind’s commitment to supporting mid-market banks reflects a broader mission to deliver purpose-built AI solutions that help institutions of all sizes detect and mitigate financial crime risks.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source: businesswire
