About a-team Marketing Services

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: Best Practices for Managing Trade Surveillance

The surge in trading volumes combined with the emergence of new digital financial assets and geopolitical events have added layers of complexity to market activities. Traditional surveillance methods often struggle to keep pace with these changes, leading to difficulties in detecting sophisticated market abuses and increased regulatory risk. To address these challenges, financial institutions are...

BLOG

8 Best Practices for Regulatory Data Management and Reporting – Upcoming Webinar

Over the past three years, regulatory data management and reporting have presented financial institutions globally with an escalating set challenges. Amongst these, the inadequacy of data governance frameworks has seen significant enforcement actions against tier-1 firms. In a joint OCC/Federal Reserve action in 2024, Citigroup faced a $135.6 million fine for persistent deficiencies in risk...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...