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Talan and Lynx Announce Strategic Partnership to Revolutionize AML and Financial Crime Solutions

Madrid, November 20, 2023 - Talan, an international consulting group focused on transformation through innovation and technology, is thrilled to announce a strategic partnership with Lynx, a pioneer in cutting-edge solutions for the detection of fraud and AML (anti-money laundering) and financial crime.

For over a decade, Talan has been delivering innovative solutions to clients across various industries, including finance, energy, transport and telecommunications. With a focus on digital innovation and technological excellence, Talan is uniquely positioned to leverage Lynx's cutting-edge solutions.

This collaboration marks a significant milestone in the fight against financial crime, bringing together the extensive expertise of both companies to deliver innovative solutions to Talan's esteemed clientele.

About Lynx

Lynx is at the forefront of Fraud, AML and Financial Crime detection, leveraging the power of Artificial Intelligence (AI), advanced data analytics and automation. Developed by leading experts in the field, Lynx's solutions offer unmatched capabilities in detecting and predicting fraudulent activities, ensuring regulatory compliance, and safeguarding the integrity of financial institutions. Lynx solutions enables financial institutions to have high scalability, very low response times, and self-training models. That leads to behaviorally intelligent products, reduced risk, and significant operational savings due to reduced false positives and reduce fraud. Several Tier 1 multinational Financial institutions and Payment providers across the globe are leveraging on Lynx’ AI’s capabilities, protecting more than 58 billion transactions, and 300 million users annually.

Key Highlights of Lynx :

  • AI-Powered Learning and Detection :

Lynx utilizes state-of-the-art AI processes and algorithms. The Daily Adaptive Models automatically retrain the Machine Learning (ML) models every day. This ensures the models are drift resistant, learn customer spend, behavior, typical beneficiaries and are tuned on attacks every day. Lynx can detect even the most sophisticated financial crimes, providing unparalleled accuracy and efficiency.

  • Comprehensive Solutions :

Lynx's platform covers a wide range of uses cases, channels and financial crime activities. Including money laundering, fraud, and terrorist financing, ensuring holistic protection across all channels in real time.

  • Real-time Response:

Lynx ensures real-time responses at scale. Empowering financial institutions to block fraudulent transactions and respond swiftly to potential threats in real-time (under 25ms at 1500 transactions per second).

  • User-Friendly, extensible Interface and data models :

Lynx's highly configurable intuitive interface allows for easy and near instant integration into existing systems, minimizing disruption to daily operations. Lynx flex provides an extensible data model and interface that can ingest new data without downtime and the capability to use this new data in ML features, models, rules, investigation, and reports.

About Talan

Talan is an international consulting group focused on transformation through innovation and technology. For over 20 years, Talan has been advising businesses and public institutions, guiding, and implementing their transformation and innovation projects globally. Present on five continents, the Group aims to achieve a turnover of 600 million euros in 2023, with more than 6,000 consultants, and has set its sights on surpassing the billion-euro mark in turnover by 2026. The Group places innovation at the core of its development and is involved in areas related to the technological advancements of major corporations, such as Artificial Intelligence, Data Intelligence, Web3, Blockchain, Metaverse and IoT. By placing the "humanistic practice of technology" at the heart of its strategy, Talan Group is convinced that technology reaches its full potential for society when it serves humanity.

The Strategic Partnership 

Through this strategic partnership, Talan and Lynx aim to bring state-of-the-art Fraud, AML and Financial Crime detection capabilities to financial institutions worldwide. Talan's extensive global reach and deep industry knowledge complement Lynx's cutting-edge technology, creating a powerful synergy.

Quote from Pablo Alifano, CEO Spain, Poland & LATAM at Talan: "We are excited to join forces with Lynx to combat financial crime. Lynx's innovative Fraud, AML and Financial Crime solutions align perfectly with our commitment to delivering excellence to our clients. Together, we are poised to revolutionize the financial industry by providing our clients with the most advanced tools to safeguard their operations."

Quote from Dan Dica, CEO at Lynx: "Our partnership with Talan signifies a new era in the fight against financial crime. Talan's global presence and deep industry expertise will enable us to extend our reach and protect even more financial institutions from illicit activities. We look forward to a successful collaboration."

About the Collaboration 

In this partnership, Talan will play a crucial role in promoting, implementing, and supporting Lynx's advanced Fraud, AML, and Financial Crime detection solutions. By integrating Lynx's technology with Talan's vast digital transformation capabilities, the partnership aims to provide clients with comprehensive, AI-driven solutions that proactively address evolving threats in the financial sector.

Contact Information :

Talan Pablo Alifano : pablo.alifano@remove-this.talan.remove-this.com - CEO Talan Spain, Poland & LATAM

Lynx Carlos Santa Cruz : carlos.santacruz@remove-this.lynxtech.remove-this.com - CTO at Lynx