What’s the connection between fighting financial crime and your pension?
Financial crime is growing more sophisticated every year, and external risk indicators are becoming harder to spot. ComplyAdvantage is well positioned for this rapid growth, and a great addition to our portfolio of disruptive companies.
Their risk data and detection technology includes a proprietary database derived from millions of data points, providing real-time insights across sanctions, watchlists, politically exposed persons, and negative news. It’s changing the way businesses manage their risk obligations and prevent financial crime.
For example, COVID-19 has created challenges for government and financial institutions. They’re navigating changes in transaction patterns and managing new levels of risk associated with large amounts of pandemic-relief funds.
ComplyAdvantage’s proprietary database and technology suite improve how these institutions screen and monitor client transactions. They also help reduce the dependencies on manual review processes and legacy systems.
ComplyAdvantage at a glance:
- Founded in London, England in 2014
- Has helped more than 500 enterprises in 75 countries
- They raised US$50 million in this round of fundraising. We were the lead investor
- The company will apply the investment toward rapid product and market expansion across the United States, Europe, and the Asia-Pacific region
Read our press release