Behavox Selected by Evercore to Provide AI-Driven Solution for Its Compliance Program
Behavox, the security software company specializing in application of Artificial Intelligence to surveillance of text and voice communications, announced that Evercore, a premier global independent investment banking advisory firm, has contracted with Behavox for its services.
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“We chose Behavox for their responsiveness and clarity in addressing our requirements, as well as their continuously evolving and AI-driven approach to monitoring communications for compliance risks.”
“It is an honor to work with Evercore, a leading Wall Street institution, who has unparalleled excellence both in their business as well as risk management and compliance programs,” said Nabeel Ebrahim, Chief Revenue Officer of Behavox. “Behavox is committed to providing Evercore with effective and explainable AI capabilities to protect its reputation and to continuously meet and exceed their regulatory obligations.”
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The selection comes after a rigorous process that included a review of multiple vendors, in which Behavox demonstrated the highest capability to meet Evercore’s requirements of providing broad and industry-validated risk coverage, the ability to surveil all communication data types within the organization and provide robust management information reporting capabilities. Critical to Evercore’s selection of Behavox was also its proven ability to advance its clients’ target operating models and implement its solution at speed.
John Crowe, Senior Managing Director and the Chief Compliance Officer for Evercore, noted “We chose Behavox for their responsiveness and clarity in addressing our requirements, as well as their continuously evolving and AI-driven approach to monitoring communications for compliance risks.”
Evercore joins a growing list of investment banks that have selected Behavox to advance their Compliance communications monitoring programs.
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