Eventus, a leading provider of trade surveillance and financial risk solutions, has introduced Frank AI, an artificial intelligence tool designed specifically for financial compliance teams. Integrated into the Validus platform, Frank AI uses deterministic AI, natural language processing (NLP), and large language models (LLMs) to deliver secure, repeatable, and transparent results essential for regulatory compliance and audits.
Eventus launches Frank AI for trade surveillance and compliance analytics.
Deterministic AI ensures secure, auditable results without hallucinations.
Compatible with LLMs like OpenAI, Anthropic, and Google for ongoing innovation.
Automates tasks, reduces alert noise, and identifies misconduct patterns.
Enables conversational queries on Validus data with full audit trails.
On-premise deployment option for enterprise-grade data protection.
Frank AI addresses key challenges in financial compliance by providing a suite of AI tools and behavioral analytics that automate complex processes, enhance accuracy, and reduce operational inefficiencies. Unlike probabilistic generative AI, Frank AI's deterministic approach guarantees consistent, traceable outcomes, minimizing risks of incorrect or misleading responses. This is critical for regulated environments where explainability and auditability are paramount.
"Frank AI sets a new standard for AI in financial compliance by solving the fundamental challenge that has prevented widespread AI adoption in regulated environments – the need for deterministic, auditable and secure AI responses," said Martina Rejsjö, Eventus Vice President, Product Management. "Frank AI delivers consistent, traceable results that compliance teams can trust and regulators can verify."
Fully embedded in the Validus platform, Frank AI allows users to query data using conversational English via a chat interface, eliminating the need for advanced coding skills. Analysts can generate reports, extract insights, and automate tasks like query building and report generation. For instance, a user might request: "Show me all cross-market wash trading patterns involving equity and futures for Client XYZ in the past 30 days, including related party analysis." Frank processes this across asset classes, delivering comprehensive results with audit trails—tasks that once took hours.
The solution supports multiple public LLMs, ensuring it evolves with advancements from leading AI providers while maintaining enterprise security, including on-premise options to keep data protected.
Eventus has long utilized machine learning for alert remediation, but Frank AI elevates these capabilities by combining advanced analytics with procedural automation. It helps identify nuanced misconduct patterns, dramatically reduce alert noise, and improve overall efficiency in trade surveillance across equities, options, futures, FX, fixed income, and digital assets. Beta testers have praised its rapid deployment—within hours—and seamless integration with existing infrastructure.
"We're excited about the groundbreaking nature of Frank AI and the power it puts into our clients' hands for compliance and risk analysis," said Travis Schwab, Eventus CEO. "It provides extreme flexibility, adapting to different analytical needs and user expertise levels."
Eventus' Frank AI represents a significant advancement in AI for financial services, enabling compliance teams to leverage cutting-edge technology while upholding the highest standards of security and transparency. This launch reinforces Eventus' position as an innovator in at-scale surveillance solutions for global financial institutions.
Eventus provides state-of-the-art, at-scale trade surveillance software across all lines of defense. Its powerful, award-winning Validus platform is easy to deploy, customise and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume, and real time environments of Eventus' rapidly growing client base, including tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centres, buy-side institutions, energy and commodity trading firms, and regulators. Clients rely on the platform, coupled with the firm's responsive support and product development, to overcome their most pressing trade surveillance regulatory challenges.
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