Press Release: Valital named to global DataTech 50 list
By
Ladanna James
Head of Marketing and Partnerships
Valital named to global DataTech 50 list
Montréal-based Valital stands out from among a list of 400 competing firms
MONTRÉAL, 4 September 2024 – Valital is pleased to announce its selection to Fintech Global’s DataTech 50 list unveiled today. Valital’s award-winning AI-powered adverse media solution was chosen by a renowned panel of analysts and industry experts from among a shortlist of more than 400 global companies.
UK-based Fintech Global launched the Global DataTech 50 list to identify the “industry’s biggest movers and shakers that are leading the charge to improve data management in the financial services industry.”
According to FinTech Global director Richard Sachar, “The DataTech50 list will help not just the firms looking to transform but also those within the financial sector who are seeking more insights and knowledge into the kind of innovation that is taking place within the data management space in 2024 and beyond.”
“We’re pleased to be part of this list of distinguished firms,” says Ronny Aoun, Valital Founder and CEO. “This recognition underscores the feedback we continue to receive from our clients whose due diligence teams are drowning in a sea of unstructured data. Valital is using proprietary AI models to extract, filter and analyze the relevant adverse media data they need in real time.”
Adverse media is a cornerstone of due diligence today and is universally disliked, because it is rife with too many false positives, irrelevant data and outdated information. We’ve introduced a more efficient, effective and actionable process, adds Mr. Aoun, with AI models that are explainable, interpretable and transparent.
Research by Gartner previously outlined how serious the harvesting of poor-quality data can be, claiming such a practice can cost organizations on average $12.9m million a year.
Learn more about all the DataTech 50 2024 here.
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About Valital
Valital is a multi award-winning AI-powered adverse media analysis platform being used by leading organizations across the globe. Valital uses advanced proprietary AI models to scour the internet to extract, filter and analyze real-time open-source intelligence. Valital categorizes and delivers relevant, real-time misconduct information on individuals and legal entities to help mitigate financial and non-financial risks posed by potential business stakeholders.
Valital partners with IVADO, an artificial intelligence research and transfer institute, on key R&D projects.
Media
Ladanna James, Valital
416-458-4277