Mizuho International Plc Selects SymphonyAI Sensa To Raise the Bar in High-Tech Fight Against Money Laundering

Mizuho International has partnered with SymphonyAI Sensa to detect and deter financial crime within its European Capital Markets Division. The London-based securities and investment banking arm of Mizuho Financial Group has chosen Sensa to provide anti-money laundering (AML) detection to refine its rule detection and AI solution for accurate AML risk detection.

Mizuho International has selected SymphonyAI Sensa to improve its anti-money laundering (AML) detection capabilities in its European Capital Markets Division. The financial institution aims to reduce false positives and analyst review times while finding real AML risks. SymphonyAI Sensa’s comprehensive scenario rules, advanced machine learning models, and user interfaces empower Mizuho’s financial crime team to expedite investigations for more effective risk detection. Existing SensaAML customer deployments have shown a significant increase in the discovery of risks compared to existing methods, with a reduction in false positive alerts by over 60 percent.

SensaAML is a Software as a Service (SaaS) solution that helps Mizuho achieve better results in its fight against financial crime while reducing implementation times and costs. “Our objective is to catch crime consistently missed, to find crime deliberately hidden, and to find the signal in the noise that has been so elusive in the past. This is next-generation AML TM today,” said Simon Moss, CEO of SymphonyAI Sensa. Mizuho EMEA’s Chief Compliance Officer Dinesh Joshi said that SensaAML would make a significant difference in their long-held fight against money laundering, empowering and increasing the effectiveness of their financial crime team.

Mizuho International is a London-based securities and investment banking subsidiary of the Mizuho Financial Group, Inc., wholly-owned by Mizuho Securities Co., Ltd. The institution’s focus is on client-based activities, including sales and trading in debt and equity securities, the underwriting of new issues, and M&A advisory services. Mizuho International is regulated by the Financial Conduct Authority, Prudential Regulation Authority, and is a member of the London Stock Exchange and LCH.Clearnet Limited. Mizuho International also has branches in Dubai and Madrid, with a subsidiary in Frankfurt.