VITAL4DATA, a leading Software as a Service (SaaS) company, in the domain of AI-driven risk screening and monitoring, based in Atlanta in the US, is set to further its reach, into the European market. The new venture which will be established in Malta will serve as the company’s European HQ and RDI centre.
VITAL4DATA Co-Founder and President, Amy Barbieri stated: “Malta Enterprise has given VITAL4DATA an incredible opportunity to further expand our solutions into the European Market. Malta Enterprise is committed to give us the support and ample resources that we need to continue our focus on innovation and in expanding our global solutions to help in the fight against financial crime.”
Malta Enterprise CEO, Mr Kurt Farrugia commented that “VITAL4DATA continues to add to the list of other high-profile start-ups and scale-ups that ME has attracted to Malta during the last years. ME’s strategy is not only focused to assist companies to get through the present pandemic but its efforts are also targeted to attract to Malta the most promising start-ups and scale-ups that will play an active role in shaping the future of our economy.”
VITAL4DATA software is employed by organisations for the express purpose of financial crime prevention, and detection. This is particularly of use in the fields of Anti-Money Laundering (AML), and Know Your Customer (KYC) compliance, pre-employment screening, and third party risk management. They have opted for their European Headquarters to be in Malta.
The company’s proprietary AI-driven technology specialises in the real-time collection, and analysis, of data, worldwide, without any human intervention; a world first. This serves both to reduce costs, and dramatically increase the accuracy of results obtained for the parties making use of this cutting-edge service.
In its screening and monitoring of third-party relationships, VITAL4DATA sets the client’s person of interest against thousands of global financial sanctions, criminal and terrorist watch lists, Politically Exposed Persons, and tens of thousands of news and media sources for Adverse Media. An alert, containing a link to the source, is promptly delivered by the system, in response to emerging developments.
‘Compare this extremely granular, blazing fast service, to slow, costly, incomplete, error-prone manual data monitoring, and it is clear that VITAL4DATA solution is the way forward’, highlighted Barbieri.
VITAL4DATA is now seeking local talent for their development team.
Farrugia remarked that he is ‘glad to see one of the most promising scale-ups in Atlanta (USA) opting for Malta, where they have already kicked-off their recruitment process which will lead to high-quality jobs. We look forward to see VITAL4DATA integrating within our local eco-system and to target the European market from Malta.’ Farrugia called on those companies and start-ups looking for a new home to do business, to contact Malta Enterprise on info@maltaenterprise.com for guidance on the financial schemes and how Malta can fit their business model.
It’s a wrap! – Malta Enterprise celebrates successful filming of Shark Tank The filming for the first edition of Shark Tank Malta has just come to a close. Malta Enterprise, a major stakeholder in the project, was present throughout, from initial point-of-contact with the contestants,
The company uses artificial intelligence and lab-on-a-chip technology to help aspirational parents by assisting fertility clinics reduce their standard 70% treatment failure rate. The company has announced the start of research and development of an AI-powered sperm and egg selection technology for fertility treatments. The
With the support of Malta Enterprise, Prickly Bits. Ltd opens in Malta to run Secret.Kiwi and Fe/male Switch. Earlier this year, the team of CADChain, a Dutch deep tech startup, was identified and invited by Malta Enterprise (ME) to contribute actively towards shaping Malta’s start-up/scale-up
The closing of the European Union co-financed FOSO POCO project has created a strong foundation, whilst opening new doors, for collaboration between social economy stakeholders from Tartu (Estonia), Cork (Ireland) and Malta. The one-year project, entitled Fostering Social Entrepreneurship Ecosystems post Covid19 – in short