AML acquires QuantaVerse

AML RightSource, a provider of anti-money laundering, know-your-customer and Bank Secrecy Act compliance services, has officially acquired QuantaVerse Inc., a provider of machine learning and robotic process automation to identify financial crime, according to a press release.

QuantaVerse uses its solutions to get rid of money laundering and other crimes related to human trafficking, drugs, terrorism and political corruption.

"We could not be more excited to be joining forces with AML RightSource," David McLaughlin, founder and CEO of QuantaVerse, said in the release. "Combining our technology solutions with AML RightSource's global advisory and managed services offerings, in an integrated deployment framework, will enable customers to improve flexibility, scale, and regulatory compliance. The strategy that's been put in place by AML RightSource is going to drive a paradigm shift in the industry."