AQM Technologies Acquires TRaiCE for AI-Powered Risk Monitoring

AQM Technologies has announced the acquisition of TRaiCE, a U.S.-based innovator in AI-driven business risk monitoring solutions, announced in a press release. This strategic move aims to bolster AQM's capabilities in providing advanced risk monitoring solutions to U.S. banks.

TRaiCE, known for pioneering the use of Large Language Models (LLMs) in risk monitoring, offers a platform that proactively identifies business risks and assesses financial stability. This acquisition allows AQM to integrate TRaiCE's technology into its portfolio, offering a comprehensive view of risk management for financial institutions.

The acquisition will enable AQM to expand its footprint in the U.S. banking sector, enhancing its offerings in compliance, cybersecurity, and quality assurance. TRaiCE will continue to operate as the strategic front-end for AQM's business assurance portfolio in the United States, focusing on delivering actionable risk intelligence to banks of all sizes.