Finance Breaking news ComplyAdvantage raises $50m for financial crime platform last financial news

Breaking-Finance.Com - AI-based financial crime detection startup ComplyAdvantage has closed a $50 million Series C funding round to fuel its international expansion plans.

Finance Breaking news ComplyAdvantage raises $50m for financial crime platform last financial news

Breaking-Finance.Com - AI-based financial crime detection startup ComplyAdvantage has closed a $50 million Series C funding round to fuel its international expansion plans.

Finance Breaking news ComplyAdvantage raises $50m for financial crime platform last financial news
28 July 2020 - 13:30

Breaking-Finance.Com - AI-based financial crime detection startup ComplyAdvantage has closed a $50 million Series C funding round to fuel its international expansion plans. Ontario Teachers’ Pension Plan Board led the round, which was joined by existing investors Index Ventures and Balderton Capital.London-based ComplyAdvantage uses machine learning and natural language processing to help banks, fintechs and other enterprises manage their risk obligations and prevent financial crime.

. This, says the firm, reduces dependence on manual review processes and legacy databases by up to 80% and improves how companies screen and monitor clients and transactions.Charles Delingpole, CEO, ComplyAdvantage, says: "This funding allows us to accelerate the development of our industry-leading data and suite of products to serve institutions with diverse clients and complex risk exposure."

Source = Breaking-Finance.Com

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Finance Breaking news ComplyAdvantage raises $50m for financial crime platform last financial news


Finance Breaking news ComplyAdvantage raises $50m for financial crime platform last financial news


Finance Breaking news ComplyAdvantage raises $50m for financial crime platform last financial news


Finance Breaking news ComplyAdvantage raises $50m for financial crime platform last financial news

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