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: Managing Off-Channel Communications Compliance

Managing off-channel communications – business interactions occurring outside of approved corporate systems – continues to challenge firms’ compliance efforts. The rise of personal messaging apps, social media, and other unmonitored channels – for example, messaging functionality embedded in an order management system – exposes firms to substantial regulatory risk. Enforcement actions by regulatory bodies, such...

BLOG

UK FCA DC Outpost Signals Deeper Global Regulatory Cooperation

Britain’s financial watchdog is officially setting up shop in the United States. In a bid to strengthen transatlantic regulatory ties, the UK Financial Conduct Authority (FCA) has stationed a senior official at the British Embassy in Washington, D.C., marking the first time the FCA has established a physical presence on U.S. soil – see FCA...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...