Behavox announces it has successfully implemented its e-communication surveillance solution at PWP, enhancing the organization’s protection against e-communication regulatory risks
Behavox, the security software company that specializes in communication surveillance, announced a successful implementation of its Compliance solution at Perella Weinberg Partners (PWP) with a view to a long and fruitful relationship ensuring PWP are protected against regulatory misconduct risks associated with e-communications.
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“Behavox not only delivered what they promised to, but have really impressed us with their ability to reduce false positives and increase detection rate across a broad range of risks using advanced machine learning and analytics”
An on-time completion of the implementation of the Behavox Platform has been possible owing to Behavox’s vast experience in complex enterprise implementations, award winning project management team and customer-first approach.
“Behavox not only delivered what they promised to, but have really impressed us with their ability to reduce false positives and increase detection rate across a broad range of risks using advanced machine learning and analytics,” said Mark Polemeni, Chief Compliance Officer and Chief Regulatory Counsel at PWP.
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Behavox has seen a large migration away from rudimentary lexicon and random sampling approaches to a core AI approach, delivering a more effective program that is easily evidenced and explained to regulatory bodies.
In February, PWP selected Behavox to provide compliance surveillance and has since completed a successful SaaS implementation of the Behavox solution. PWP represents one of the growing number of global independent investment banking firms to have adopted the Behavox solution with a view to modernizing their compliance programs and embrace Artificial Intelligence.
“As both the volume of communication and number of channels continue to grow, the associated risks have risen accordingly. As a forward-looking organization, Perella Weinberg Partners has implemented Behavox to ensure their Compliance Program is continuously evolving through the use of explainable AI that is pre-trained to produce results from Day 1,” said Nabeel Ebrahim, Chief Revenue Officer at Behavox. “Behavox is proud to have delivered our industry leading solution to PWP, enabling them to uphold their regulatory commitments in a rapidly evolving regulatory landscape.”
The ability for the Behavox solution to provide the widest risk coverage as well as 100% coverage of an organization’s data types assists PWP in meeting its e-communications regulatory obligations as well as its desire to safeguard its employees, investors and reputation
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