CEO / Founder: Charles Delingpole
Total funding: $38.2M
Latest funding: $30M, Series B, Jan 2019 - Index Ventures
Keywords: AML, Compliance, RegTech
Who is it for: Financial insititutions, Financial firms
HQ: London, UK
“Fighting financial crime in real time and reducing the cost of investigating alerts.”
ComplyAdvantage helps firms make intelligent choices when complying with regulations relating to sanctions, money laundering (AML) and terrorist financing (CFT). They use Artificial Intelligence and machine learning to produce higher quality AML risk data on individuals, organizations and associated entities. Their solutions enable companies to improve how they onboard and monitor clients, screen payments and monitor transactions by reducing false positives and speeding up processes, all delivered by flexible modern APIs. Founded in 2014 with offices in London, UK and New York, USA ComplyAdvantage works globally with some 200 firms in the financial markets and other regulated high-risk sectors.
Comply Advantage doubled its global workforce, and says it will double its workforce again in 2018, further increasing specialist expertise. In Q2 2018 the company launched its first Asia office in Singapore.
In 2017 ComplyAdvantage launched its full Transaction Monitoring product which offers an easy to customise, user-led alternative to the hugely expensive, rigid products on the market today. Significant improvements to AML risk data means ComplyAdvantage can now deliver customer onboarding with the fastest OFAC updates available in the industry, and crucially, 100% of entity profiles are checked for updates every day.