Consilient is a technology company.
Consilient has raised $3.0M across 1 funding round.
Consilient has raised $3.0M in total across 1 funding round.
Consilient has raised $3.0M in total across 1 funding round.
Consilient's investors include Cultivation Capital, FINTOP Capital, Idea Fund of La Crosse, OCA Ventures, Thom Ruhe.
Consilient is a fintech company specializing in federated machine learning technology for anti-money laundering (AML) and financial crime prevention. It enables financial institutions to collaboratively share behavioral insights and improve risk detection without exchanging sensitive data, using privacy-preserving methods that reduce false positives by up to 75% and cut effort by two-thirds.[2][3][5] Headquartered in Fort Worth, Texas, with around 256 employees and $32.7 million in revenue, Consilient serves banks and regulators by addressing inefficiencies in traditional AML systems, such as high false positive rates and resource-intensive processes.[3][2]
The company builds a federated learning platform that aggregates industry-wide intelligence on suspicious activities, deploying continuously improving models across participants while ensuring data privacy.[2][5] It targets financial institutions grappling with evolving threats like money laundering networks, delivering benefits like faster high-risk customer identification and cost reductions in modeling and operations.[2][3]
Consilient was founded by Gary Shiffman, formerly of Giant Oak, Inc., and Juan Zarate, from K2 Integrity, who identified the limitations of outdated AML methods and sought a transformative approach using federated learning.[4] The company emerged from their expertise in financial crime compliance, aiming to evolve global prevention efforts by enabling secure, collaborative intelligence sharing.[4] Key early momentum came from a $3 million seed funding round announced in May 2022, supporting development of next-generation technology.[3]
Consilient rides the wave of federated learning and AI-driven AML transformations, addressing surging financial crime amid rising global regulations and complex threats like Chinese money laundering networks.[5] Timing aligns with regulatory demands for advanced tech—banks and watchdogs increasingly expect AI to accelerate investigations beyond static rules-based systems.[5] Market tailwinds include exploding AML compliance costs and the need for privacy-compliant collaboration, positioning Consilient to influence the ecosystem by setting standards for federated models, as seen in discussions on metrics like PRAUC for performance.[5] It empowers institutions to proactively pinpoint emerging risks, reshaping how the financial sector combats terrorism financing and fraud.[2][4]
Consilient is poised to expand its federated platform amid AI's acceleration in AML, with trends like enhanced investigations and novel metrics driving adoption.[5] Expect deeper integrations with regulators and global networks, potentially scaling via partnerships as false positive reductions prove regulatory value. Its influence could evolve into an industry benchmark for privacy-first crime detection, transforming risk management from reactive to predictive—building on its seed-funded foundation to lead fintech compliance innovation.[3][4][5]
Consilient has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $3.0M Seed | Cultivation Capital, FINTOP Capital, Idea Fund of La Crosse, OCA Ventures, Thom Ruhe |