SymphonyAI completed the acquisition of NetReveal from BAE Systems.

SymphonyAI, an AI SaaS provider, completed the acquisition of NetReveal, a financial crime detection company, from BAE Systems, an aerospace and security solutions provider. Financial terms were not disclosed. "We're pleased to officially count NetReveal's world-class platform as part of our portfolio of solutions, deepening our ability to deliver effective crime fighting capabilities to the financial sector and to ease the burden on risk departments. NetReveal's industry-leading anti-money laundering and payment fraud detection capabilities will be further enhanced with AI capabilities and analytics that better uncover anomalous activity, significantly reduce false positives, and more effectively help customers control costs. We're excited to welcome the NetReveal team to SymphonyAI," Sanjay Dhawan, SymphonyAI CEO.