Compliance.ai, a San Francisco, CA-based supplier of RCM options for the banking, monetary providers and insurance coverage industries, raised $6M in funding.
Backers included Cota Capital and Jam Fintop.
The corporate intends to make use of the funds for market development.
Compliance.ai supplies a Regulatory Change Administration platform designed to mitigate threat, scale back prices, and improve confidence in compliance standing for the banking, monetary providers, and insurance coverage industries. By way of its platform, the corporate helps compliance groups improve accuracy, enhance productiveness, and scale back compliance gaps. This subsequent chapter of Compliance.ai shall be targeted on development and growth. Lately, the corporate introduced the worldwide growth of its platform offering entry to regulatory change administration relevant in 25+ international locations.
In parallel, the corporate has introduced in Asif Alamwho is becoming a member of as CEO, whereas Kayvan Alikhanicontinues his key function in innovating the product as Co-founder and Chief Product/Technique Officer.
Most just lately Alamwho served because the Chief Technique Officer of ThoughtTrace, which was acquired by Thomson Reuters earlier this yr. He brings greater than 20 years of administration and enterprise expertise; growing profitability, unlocking new income streams and markets, and reignite portfolio development for firms like Thomson Reuters, Crux Informatics, and Finastra.