Eventus has launched Frank AI, a purpose-built artificial intelligence platform designed to empower financial compliance teams and enhance surveillance analytics.
The company said the new technology delivers secure, repeatable and transparent results essential for meeting regulatory requirements and audits.
Eventus introduced Frank AI in response to growing demand from financial institutions for more accurate, explainable and compliant AI tools. As the volume of trading data and regulatory complexity continues to rise, compliance teams require systems that can automate manual processes, reduce false positives and maintain the transparency demanded by regulators.
Founded to provide financial institutions with sophisticated risk and surveillance technology, Eventus delivers large-scale solutions that enable compliance professionals to monitor transactions, detect misconduct and streamline operations. Its flagship Validus platform is recognised for its flexibility, scalability and ability to integrate complex data sources across multiple asset classes.
Frank AI, fully integrated into the Validus platform, leverages technologies including natural language processing (NLP) and large language models (LLMs) to automate processes, improve accuracy and identify complex trading patterns. It allows users to interact with real-time data through a conversational chat interface, enabling intuitive, on-demand queries in plain English. The system delivers deterministic, auditable outputs—avoiding the unpredictable “hallucinations” that can occur in probabilistic AI models.
The AI tool is compatible with major public LLMs such as OpenAI, Anthropic and Google, ensuring it benefits from continual advancements in AI performance. It also features enterprise-grade security, including the option for on-premise deployment, and ensures data never leaves the secure host environment. Users can generate detailed reports, conduct cross-market analysis and automate manual tasks such as report generation and query building, all while maintaining complete transparency and data protection.
Eventus said clients in beta testing have already reported significant operational benefits, citing Frank AI’s speed, flexibility and ability to integrate seamlessly with existing systems. The company emphasised that its deterministic AI approach ensures explainable and traceable results that compliance teams and regulators can trust.
Eventus CEO Travis Schwab said, “We’re excited about the groundbreaking nature of Frank AI and the power it puts into our clients’ hands for compliance and risk analysis. It provides extreme flexibility, adapting to different analytical needs and user expertise levels.
“We’ve spent the past year investing significantly in processing infrastructure to provide us with much greater scale to handle the needs of the world’s largest financial institutions. As we transition our clients to the new architecture, they can deploy Frank AI within hours, enjoy seamless integration with their existing technology infrastructure and leverage the full range of capabilities it will provide. Clients in beta testing have been enthusiastic about its effectiveness and potential.”
Eventus vice president, product management Martina Rejsjö said, “Frank AI sets a new standard for AI in financial compliance by solving the fundamental challenge that has prevented widespread AI adoption in regulated environments – the need for deterministic, auditable and secure AI responses.
“Frank AI delivers consistent, traceable results that compliance teams can trust and regulators can verify. Our commitment to the need for explainability and regulatory readiness has defined our AI roadmap. This breakthrough enables our clients to harness the power of AI while maintaining full regulatory compliance and operational control.”
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