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

Global Screening Services Raises $47 Million, Moves into Operational Phase

Subscribe to our newsletter

Global Screening Services (GSS), a provider of transaction screening, has completed a Series A2 funding round raising over $47 million (£37 million). The investment will support the London-based company’s transition from a development to operational phase as its cloud-native platform prepares to go live with inaugural clients.

Originally incubated by AlixPartners, GSS tackles the complexity of sanctions with a platform that operates as a collaborative hub, bringing together financial institutions and industry partners to deliver efficient and effective transaction screening for sanctions.

AlixPartners is an existing investor in the company, along with Cynosure Group and financial institution MUFG. An addition in this funding round is Commonwealth Bank of Australia (CBA). The company will continue with its advisory board of more than 30 global financial institutions that has worked together since 2021 to create a common technology framework and agree standards for the financial sector.

Tom Scampion, CEO and co-founder of GSS, says: “GSS is well positioned to deliver improved regulatory compliance and an enhanced customer experience.”

As part of its investment in GSS, CBA will join the company’s main board as an observer. The bank will be represented by its executive general manager of financial crime compliance, John Fogarty. He says: “We’re excited about the potential of GSS with its global reach and look forward to seeing how CBA can potentially use the technology to continue to prevent sanctioned parties from accessing and moving money into or out of Australia.”

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

Nine DTCC Executive Predictions for Global Clearing and Settlement in 2025

As the new year gets into full-swing, nine Depository Trust Clearing Corporation (DTCC) executives share their insights on the evolving landscape of market infrastructure, regulations and technology in the global post-trade clearing and settlement industry. Their outlook focuses on the key themes of innovation, resilience, and agility in response to regulatory dynamics. Navigating an Uncertain...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

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...