Charlie Delingpole, CEO, ComplyAdvantage

UK-based RegTech ComplyAdvantage has announced its market expansion across London and New York owing to the growing demand for modern compliance solutions.

“We’re strengthening our foothold in major global financial markets as we continue to build the world’s only global AI-driven database of people and companies to power anti-money laundering and financial crime detection,” said ComplyAdvantage founder and CEO Charlie Delingpole. “Following the 2018 money laundering scandals such as Danske and Swedbank, compliance is now seen as it should be—as a business enabler, and with the right technology, it doesn’t need to be a painful or expensive process.”

Established in 2014, ComplyAdvantage utilizes data science and Machine Learning to analyze and identify risk from structured and unstructured data points. Its services aim to automate fraud detection, sanction compliance,

“As banks and other organizations work to curb financial crime and get ahead of increasingly complex regulatory demands, they’re looking for an efficient and effective solution that’s tailored to their needs. We’re thrilled to be expanding our business, opening new offices and making key hires so we can help more global companies address their financial crime risk” said Delingpole.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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