A leading Washington-based federated learning/AI company dedicated to the prevention of financial crime and fraud, Consilient, has announced the appointment of Ajit Tharaken as its chief executive officer (CEO).
As per a release by the company, Tharaken brings to the role a distinguished career that includes a transformative tenure as the CEO of Optus Global (Alcara). Under his leadership, Optus Global experienced unprecedented growth, culminating in its acquisition by NICE Actimize.
Tharaken continued to make significant contributions at NICE Actimize, serving as the general manager of the data intelligence business unit. His impact on advancing the organization’s data intelligence capabilities solidified his reputation as a global leader in financial crime prevention solutions.
Armed with an M.S. in computer science from Columbia University, Tharaken is known for his ability to drive technology innovation and navigate complex business landscapes successfully, the release stated. Beyond his technical prowess, he has established a strong reputation for fostering collaboration and promoting a positive and inclusive corporate culture.
Commenting on the new role, Tharaken highlighted the company’s pioneering use of federated learning for financial crime prevention. He underscored the innovative approach’s potential to enhance efficiency, uncover new risks, and maintain data privacy across financial institutions, financial intelligence units (FIUs), regulators, and central banks.
Juan C. Zarate, Consilient co-founder and chair of the board of directors, emphasised the significance of Tharaken’s appointment in the context of evolving global demands for greater efficiency, effectiveness, and security in financial crime risk management.
The release stressed that the appointment of Ajit Tharaken positions Consilient on the cusp of transformative developments in the ongoing fight against financial crime, underlining the company’s commitment to pushing the boundaries of innovation in safeguarding the integrity of the global financial system.
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