Danske Bank implements Behavox Compliance solution

Danske Bank has successfully implemented Behavox Compliance, a compliance solution from Behavox, an AI-based data operating platform used by firms to catch misconduct before it causes regulatory fines and company crises.

“Danske Bank is committed to developing innovative solutions to help us reach the highest standards of corporate governance and meet the expectations of our customers, employees and other stakeholders,” said Simon Kingsbury, executive vice president at the bank.

“By partnering with Behavox, we have been able to significantly advance our capabilities in compliance. By using the artificial intelligence and machine learning of Behavox we are able to rapidly identify potentially non-compliant activity and take appropriate action.”

Danske Bank represents one of the larger projects Behavox has implemented. In June, it partnered with Behavox to establish group-wide compliance communications monitoring, and has since completed a seamless, full software-as-a-service (SaaS) implementation of the Behavox Compliance solution.

“As the future of the workplace is likely to remain increasingly distributed, Danske Bank needs an agile compliance solution that allows it to strengthen regulatory compliance controls in its mission to modernise banking,” said Nabeel Ebrahim, chief revenue officer at Behavox.

“Danske Bank is one of our largest European customers and Behavox is proud to have delivered a regulatory compliance solution that allows Danske Bank to aggregate, analyse, and act on the entire organisation’s data to help it uphold its risk management commitments.”