Behavox, the leading provider of AI-driven compliance solutions,  announced that Evercore, a premier global independent investment banking advisory firm, has in five months successfully implemented Behavox Quantum for compliance supervision.

“We are already seeing the benefits of Behavox’s single platform to monitor multiple streams of communication data,” said Evercore Chief Compliance Officer John Crowe. “Behavox has shown its ability to be a true partner flexible and responsive and Evercore has been impressed with the company’s past-project experience and willingness to creatively solve challenges.”

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Behavox recently commemorated its one-year anniversary of Behavox Quantum AI. Evercore becomes the latest organization to have implemented Behavox Quantum AI for communications monitoring, joining a growing number of multinational banks, prominent hedge funds, asset managers and private equity firms.

Behavox Chief Revenue Officer Nabeel Ebrahim said, “In a time where regulatory action has spiked for unauthorized uses of instant messaging, we are delighted our solutions have been implemented at Evercore, a forward-looking organization committed to regulatory as well as technical excellence through comprehensive data controls. Behavox Quantum AI delivers true positive detection capabilities that are simple to implement and easily explainable, and now we look forward to growing our partnership with Evercore to expand the firm’s risk coverage.”

SOURCE : BusinessWire