Press release

SymphonyAI Recognized as “2024 RegTech Company of the Year” for predictive and generative AI SaaS products


Company recognized by FinTech Awards London for innovative financial crime prevention portfolio that transforms compliance efficiency, transparency, and effectiveness

PALO ALTO, Calif., JUNE 18, 2024 — SymphonyAI, a leader in predictive and generative AI SaaS products for the enterprise, was named “2024 RegTech Company of the Year” at the June 12 Fintech Awards London ceremony.

SymphonyAI was selected from among the finalists on the strength of its industry-leading innovations in financial crime detection and prevention, helping financial services institutions transform regulatory compliance using products that combine predictive and generative AI. The company’s AI-based SaaS products, which provide unparalleled ability to tackle some of the industry’s toughest scenarios, include enterprise grade AI-based anti-money laundering (AML) transaction monitoring and sanctions screening for dynamic risk assessment, and intelligence-led Know Your Customer and Customer Due Diligence, transaction monitoring, and sanctions screening solutions for dynamic risk assessment; together with powerful AI augmentions for AML and sanctions that enrich existing investments – reducing false positives by up to 80% while continuing to spot 100% of true positives.

The innovative AI-based Sensa Investigation Hub is a complete case management center that acts as a financial crime investigation force multiplier for a unified view and management of enterprise-wide risk and compliance. SymphonyAI’s AI payment fraud prevention significantly reduces fraud losses with real-time fraud detection analytics technology.

“The third annual edition of our Fintech Awards London was the most competitive, with over 270 entries,” said Fintech Awards South West Founder and Managing Director Matthew Hyde. “Each finalist has showcased incredible talent and resilience, proving that the future of finance is in very capable hands. We take immense pride in the outstanding lineup of expert judges and the rigorous, impartial interview process that we adhere to, ensuring the utmost fairness and transparency. The judges were impressed with SymphonyAI’s global reach and the potential of its portfolio in fighting financial crime.”

“SymphonyAI is a relentless innovator in applying predictive and generative AI to reducing financial crime and revolutionizing regulatory compliance, and we are honored and proud to be recognized as the Fintech Awards London 2024 RegTech Company of the Year,” said Mike Foster, president of SymphonyAI’s financial services division. “We combine unparalleled domain expertise from serving as trusted partners financial industry heavyweights worldwide with cutting-edge enterprise-class technology to dramatically transform financial regulatory and crime prevention capabilities.”

About SymphonyAI

SymphonyAI is building the leading enterprise AI SaaS company for digital transformation across the most critical and resilient growth verticals, including retail, consumer packaged goods, finance, manufacturing, media, and IT/enterprise service management. SymphonyAI verticals have many leading enterprises as clients. Since its founding in 2017, SymphonyAI has grown rapidly to 3,000 talented leaders, data scientists, and other professionals. SymphonyAI is a SAIGroup company, backed by a $1 billion commitment from successful entrepreneur and philanthropist Dr. Romesh Wadhwani. Learn more at