Experienced Technology Leader to Guide AyasdiAI’s Financial Services Product Development
Long-time financial crime and technology expert John Dalton has joined Symphony AyasdiAI, a portfolio company of SymphonyAI Group. The company announced today that Dalton will serve as vice president of financial crime products.
Dalton brings to AyasdiAI nearly two decades of leadership and risk management experience in the financial crimes sector. He most recently served as vice president of financial crimes, product management at BAE Systems Applied Intelligence. In his new role, he will lead the vision, strategy and execution of financial crimes roadmap investment across AyasdiAI’s portfolio.
AyasdiAI uses best-in-class machine learning to capture revenue, minimize risks and optimize operational efficiencies across the financial services market and other sectors. The company recently launched Ayasdi AML, an advanced anti-money laundering solution aimed at boosting efforts to combat these crimes. The application of AI in financial services risk use cases creates more than $370 billion in economic value annually, according to McKinsey & Company.
Ishan Manaktala, CEO, Symphony AyasdiAI, said: “John brings a wealth of experience in technology focused on ensuring regulatory compliance and preventing money laundering and fraud. As we continue to build AI-based solutions tailored for the financial services sector, he will be instrumental in guiding our vision and development.”
Romesh Wadhwani, founder and CEO, SymphonyAI Group, said: “Global anti-money laundering compliance costs financial institutions more than $100 billion annually. Using AI and machine learning to address these issues and others is critical – human effort is inadequate and inefficient to combat the volume of investigations needed to meet AML requirements. We are building the team at AyasdiAI to bring advanced AI solutions to market for financial services.”