Dutch firm Sygno, specializing in AI for combating fraud and money laundering, secured funding from TIN Capital and ROM Utrecht Region.
TIN Capital, a key investor in European cybersecurity since 1998, aims to boost promising cybersecurity companies like Sygno.
Sygno will utilize the investment to enhance its explainable AI models for quicker detection of suspicious transactions by financial institutions.
Sygno's AI solutions help financial institutions improve their fraud detection capabilities without altering existing systems, addressing the scarcity of AI and compliance experts.