VITAL4DATA opens its European HQ in Malta

VITAL4DATA
Opens its European HQ in Malta

VITAL4DATA, a leading Software as a Service (SaaS) company, in the domain of AI-driven risk screening and monitoring, based in Atlanta in the US, is set to further its reach, into the European market. The new venture which will be established in Malta will serve as the company’s European HQ and RDI centre.

 

VITAL4DATA Co-Founder and President, Amy Barbieri stated: “Malta Enterprise has given VITAL4DATA an incredible opportunity to further expand our solutions into the European Market. Malta Enterprise is committed to give us the support and ample resources that we need to continue our focus on innovation and in expanding our global solutions to help in the fight against financial crime.”

 

Malta Enterprise CEO, Mr Kurt Farrugia commented that “VITAL4DATA continues to add to the list of other high-profile start-ups and scale-ups that ME has attracted to Malta during the last years. ME’s strategy is not only focused to assist companies to get through the present pandemic but its efforts are also targeted to attract to Malta the most promising start-ups and scale-ups that will play an active role in shaping the future of our economy.” 

 

VITAL4DATA software is employed by organisations for the express purpose of financial crime prevention, and detection. This is particularly of use in the fields of Anti-Money Laundering (AML), and Know Your Customer (KYC) compliance, pre-employment screening, and third party risk management. They have opted for their European Headquarters to be in Malta.

 

The company’s proprietary AI-driven technology specialises in the real-time collection, and analysis, of data, worldwide, without any human intervention; a world first. This serves both to reduce costs, and dramatically increase the accuracy of results obtained for the parties making use of this cutting-edge service. 

 

In its screening and monitoring of third-party relationships, VITAL4DATA sets the client’s person of interest against thousands of global financial sanctions, criminal and terrorist watch lists, Politically Exposed Persons, and tens of thousands of news and media sources for Adverse Media. An alert, containing a link to the source, is promptly delivered by the system, in response to emerging developments. 

 

‘Compare this extremely granular, blazing fast service, to slow, costly, incomplete, error-prone manual data monitoring, and it is clear that VITAL4DATA solution is the way forward’, highlighted Barbieri. 

 

VITAL4DATA is now seeking local talent for their development team. 

 

Farrugia remarked that he is ‘glad to see one of the most promising scale-ups in Atlanta (USA) opting for Malta, where they have already kicked-off their recruitment process which will lead to high-quality jobs. We look forward to see VITAL4DATA integrating within our local eco-system and to target the European market from Malta.’  Farrugia called on those companies and start-ups looking for a new home to do business, to contact Malta Enterprise on info@maltaenterprise.com for guidance on the financial schemes and how Malta can fit their business model.

Share:

Share on facebook
Share on twitter
Share on linkedin

More Posts

Written Message from Commissioner GABRIEL

Mariya Gabriel   Commissioner for Innovation, Research, Culture, Education and Youth. Dear Minister Dalli,   Dear ladies and gentlemen,   Dear startup community,    Thank you for inviting me to address you today at the kick-off of Malta’s startup festival.   Allow me to start by

Israeli start-up specialists launch VentureRocket Malta

Israeli start-up specialists launch VentureRocket Malta The company’s new management team covers over 20 years of experience in leading and managing complex tech projects worldwide VentureRocket Malta, an Israeli start-up ecosystem builder, focused on start-up scouting, financing and acceleration is set to be launched in

Oxford alumni launch AI startup in Malta

Oxford alumni launch AI startup in Malta Actable AI, an emerging British tech start-up led by two Oxford alumni will start operations in Malta with Malta Enterprise’s support.   Actable AI offers a way to analyze any numerical and textual data with AI-powered Data Science algorithms. Actable

Send Us A Message