Consilient, the leading Federated Learning/AI company dedicated to the prevention of financial crime and fraud, announced the appointment of Ajit Tharaken as its new Chief Executive Officer (CEO).
With an impressive track record in leadership of innovative technology functions and a wealth of experience in driving business success, Tharaken is set to lead Consilient to transform the global approach to protecting the integrity of the financial system, as per the statement.
Ajit Tharaken brings a distinguished career to Consilient, having served as the CEO of Optus Global (Alcara). Under his leadership, Opus Global experienced remarkable growth and success, culminating in the sale of the business to NICE Actimize. At NICE Actimize, he then served as the General Manager of the Data Intelligence business unit. In this role, he played a pivotal role in advancing the organization’s data intelligence capabilities, solidifying his reputation as a global leader in financial crime prevention solutions.
“I would like to express my gratitude to the Consilient team for this opportunity. What excites me is that Consilient is the first of its kind to utilize Federated Learning for financial crime. This innovative approach will help financial institutions, FIU’s, regulators and central banks uncover new risks and dramatically increase efficiency. The Consilient Federated Learning platform and machine learning models are uniquely powered by data across multiple institutions while maintaining complete data privacy.”
“There is a fundamental demand by financial institutions and regulators globally for greater efficiency, effectiveness, and security of the financial crime risk management system. Bringing Ajit to Consilient demonstrates our continued commitment to leading the innovation that will change the current market paradigm and usher in a new design for the AML/CFT regime,” said Juan C. Zarate, Consilient Co-founder and Chair of the Board of Directors and Global Co-Managing Partner and Chief Strategy Officer of K2 Integrity.
“Mr. Tharaken is an experienced and globally respected leader in the financial technology space, and his experience as a successful early-stage CEO makes him incredibly valuable to the Consilient team,” said Gary M. Shiffman, Consilient Co-Founder and member of the Board of Directors.
Tharaken holds an M.S. in Computer Science from Columbia University.
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