3 years ago

Global Screening Services Raises $45M to Expand Compliance Screening Platform

  • Global Screening Services (GSS), a UK-based RegTech company, has raised $45 million in funding led by AlixPartners, The Cynosure Group, and MUFG

  • The investment will be used to accelerate growth, expand operations, and increase its business reach

  • GSS provides a platform that leverages technology and an ecosystem of financial institutions to streamline compliance screening for sanctions

  • The company has a partnership with Swift, and was incubated by AlixPartners before becoming a standalone company with over 140 employees.

      • ProblemTechnology Infrastructure

      "It's hard for financial institutions to keep up with constantly changing sanctions lists and regulations, making it difficult to screen customers and transactions effectively. This can lead to fines and reputational damage."

      Solution

      "GSS provides a platform that helps financial institutions streamline compliance screening for sanctions by leveraging technology, including artificial intelligence, and an ecosystem of financial institutions and industry partners."

      Covered on