Refine Intelligence

Refine Intelligence is a Fintech startup founded in 2022 with the slogan "Catching the Good Guys." The company has secured a significant investment of $13.00M in a Seed Round from notable investors such as Fin Capital, Ground Up Ventures, Glilot Capital, SYN Ventures, and Valley Ventures on 13 November 2023. Refine Intelligence addresses the pressing issue of rising operational costs of financial crime for banks. It offers a cutting-edge solution to help banks better manage the overwhelming number of transaction monitoring alerts caused by lawful activities, thereby reducing false alarms and streamlining investigations. The company achieves this through user-friendly digital inquiries that elicit contextual information directly from customers and an AI system trained on a proprietary dataset to automatically recognize genuine customer activity patterns, also known as "greenflagging." By leveraging Refine Intelligence, financial institutions can substantially enhance their anti-money laundering (AML) monitoring by focusing on genuinely suspicious activities, gaining a clearer understanding of customer behavior and transactions, and collecting structured, consistent, and bias-free context from customers. This innovative approach promises to revolutionize the way banks combat financial crime, offering a more effective and efficient solution.