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


Upcoming Webinar: How to apply innovative e-comms surveillance whilst ensuring control, compliance and enhanced productivity

Date: 19 October 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Remember the days when email was the predominant media for electronic communications within and among financial institutions? Fast forward to today, and email represents a declining fraction of these e-comms, many of which are hosted by modern collaborative platforms...


The Current State of Play in Transaction Reporting: Herding Cats in a Hurricane

Regulated firms trading in markets globally are bracing themselves for what’s been termed a ‘sea change’ in regulators’ approach to transaction reporting. Having introduced the requirement to provide detailed transaction reports to market through prescribed reporting vehicles over the past few years, some key regulators – including ESMA, CFTC and MAS – are reviewing their...


TradingTech Insight Briefing New York

TradingTech Insight Briefing New York will explore how trading firms are innovating and leveraging technology as a differentiator in today’s cloud and digital based environment.


ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...