COMPLYADVANTAGE in AI in Fintech Solutions

The company is focused on the development of AI technology. To expand its presence across Europe and the US, the company is using funds of USD 8.2 million received from the British venture capital firm, Balderton Capital. The company would use the money to expand its operations in the geographies. Furthermore, ComplyAdvantage is focusing on offering solutions to comply with the KYC regulations and the growing body of anti-money laundering for financial institutions. Moreover, the company partnered with various financial firms, such as Form3, Railsbank Technology Ltd, and Encompass Corporation to help them manage the risk and compliance obligations.