About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Compliance.ai Plans Market Growth and Expansion on Back of $6 Million Funding Round

Subscribe to our newsletter

Compliance.ai, a provider of regulatory change management solutions, has secured $6 million of funding, which it will use to promote market growth and expansion. At the same time, the company has brought in a new CEO, Asif Alam, who will replace Kayvan Alikhani, who will continue innovating Compliance.ai products as co-founder and chief product/strategy officer.

The funding comes from existing investor Cota Capital and new investment partner JAM FINTOP, and follows a $3 million Series A funding round led by Cota Capital in December 2020.

Commenting on the investment, John Philpott at JAM FINTOP, says: “Our banking partners have ranked transformation of regulatory compliance change management as one of their immediate priorities. Compliance.ai can address this critical need for financial services organisations.” Bobby Yazdani, founder and partner at Cota Capital, adds: “With a strong executive team, the company is well positioned to be a leader in the RegTech market.”

Compliance.ai offers a cloud-based regulatory change management platform that proactively monitors sources of new regulations and uses AI to contextualise updates into actionable insights that can help firms mitigate compliance risk. Recently, the company expanded its platforms to provide access to regulatory change management applicable in more than 25 countries.

Asif Alam joins Compliance.ai after serving as chief strategy officer at ThoughtTrace, an AI-powered document reader solution acquired by Thomson Reuters earlier this year. He brings more than 20 years of management and business experience to Compliance.ai, with past employers including Crux Informatics, Finastra, and Thomson Reuters.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Fenergo Adds Senior Product Leads to Sharpen AI driven CLM and Financial Crime Roadmap

Fenergo has appointed three experienced product leaders – Sharon Bodkin (VP, Banking Product), Neil D’Rosario (VP, Buyside Product) and Adam McLaughlin (Director, Financial Crime Product) – to advance its client?lifecycle management (CLM) and financial?crime portfolio. The roles are effective immediately and align with the company’s push to let financial institutions manage CLM and financial?crime tasks...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...