Silicon Canals
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
No Result
View All Result
Silicon Canals
No Result
View All Result

Dutch scaleup Slimmer AI that combats financial crime secures €4M funding

Editorial team by Editorial team
May 14, 2020
in News, (Crowd)funding, Startups
As video gaming surges during pandemic, these European startups raise relief funds to fight against COVID-19
193
SHARES
LinkedInTwitterWhatsAppFacebook

Slimmer AI, the Dutch AI startup has recently secured €4 million from a group of long-term strategic investors and experienced fintech entrepreneurs. Its investors include a number of international family offices and experienced tech entrepreneurs including Daniel Ropers (co-founder and former CEO of bol.com), Adriaan Mol (founder of Mollie Payments and co-founder of MessageBird) and Maikel Lobbezoo (former Head of Growth at Adyen).

In the current times, credit risk and fraud are major cost items for companies and over €30 billion is laundered due to the same every week across the world. Though policymakers have tightened regulations over the past two decades, the outdated technology deployed to detect suspicious transactions failed to keep up with the same.

- Partner content -
HR
Most important HR trends of 2023
HR has a lot of challenges to face in 2023. Find out what they are and how to deal with...Show More
HR has a lot of challenges to face in 2023. Find out what they are and how to deal with them. Show Less
Read more

This demands financial institutions to increase hiring to keep up with tightening regulations. Given that each report requires an intensive research, over 99% of the cases flagged are false claims, thereby being ineffective in preventing financial crimes. This is where Slimmer comes to play as it aims to eliminating false reports.

Accelerate the development of Sentinels

The Amsterdam/Groningen is a scaleup with over 10 years of experience in the industry of applied AI software solutions. Slimmer AI will use the investment to accelerate the development of Sentinels, the anti-money laundering, fraud and credit risk software solution. Basically, Sentinels uses Artificial Intelligence to combat financial crimes and has screened financial transactions worth €20 billion since it went live in October last year.

Slimmer AI CEO JC Heyneke is pleased with the investment: “The fight against financial crime continues to be a top priority for both governments and financial institutions, especially with the current rapid increase in online transactions and merchants. The access to additional capital, as well as the expertise and experience of our investors, will allow us to rapidly scale up.”

Uses AI and machine learning

Slimmer AI uses Artificial Intelligence and machine learning and has developed Sentinels, which is an intuitive workflow solution that eliminates false reports and lets experts focus on the most complex financial crime cases.

“Sentinels harnesses an AI-driven approach to fight financial crime for payment providers, fintechs and other financial institutions. Thanks to the additional investment we can accelerate our work on applying AI to smart alert generation, network analysis and investigations by working with the best minds in Machine Learning” added Joost van Houten, business owner of Sentinels.

Main image picture credits: Slimmer AI

Stay tuned to Silicon Canals for more European technology news.

 - Partner content -
How to improve your open source security?
How to improve your open source security?
Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less
Read more
Tags: Dutch Startupsfunding
Share13Tweet47SendShare80

Featured | Tech Events

Current Month

june, 2023

Current Month

november, 2023

Advertise with us | Schedule meeting

Thank you for visiting Silicon Canals! If you want to advertise with us, schedule a meeting.

Silicon Canals | Jobs


Partner content | Work with us

Platform for creatives: How Creative Fabrica is combining graphics and AI to bring creators together

ExCulture and Plense Technologies winners of the Philips Innovation Award 2023

Meet Techleap.nl’s Ingrid Tappin, the champion of Dutch tech ecosystem’s diversity and inclusion efforts

Breaking news from Amsterdam | Partner

Amsterdam’s Dayrize raises €4M to help assess environmental & social effects of consumer goods

Amsterdam’s Rubio Impact Ventures and StartLife unite to foster impactful agrifood startups; here’s how

Amsterdam-based WPCS raises funds to transform WordPress into a scalable WaaS and SaaS platform

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
X
X