Themis, provider of a digital financial crime platform, has secured £3.1 million in its latest Pre-Series A funding. The London-based company raised £1.7 million in a seed round in 2021, and will use the funds to continue development of its automated due diligence platform, Themis Search and Monitoring, that was released in 2020.The platform uses AI and ML technology, powered by threat-based data, research and intelligence, to detect potential links to financial crime. Its AML software conducts screening, KYC onboarding, risk mapping, enhanced due diligence and automated monitoring to make sure users are not inadvertently dealing with companies, entities or individuals with criminal records, links to serious or organised crime, or other forms of financial crime.
Noting that for every search, Themis screens over 505 million data points, CTO Matt Deacon explains: “We have developed a search engine that enables firms to find out if clients, suppliers or any other people or companies used have criminal records or any links to illicit activity. The platform can tell you if these entities are on international sanctions lists, own or are directors of any companies or offshore vehicles anywhere around the world, have political exposure and influence, have adverse media about them, or are linked to any criminal associations.”
For more details about a new series of regulatory update events soon to be launched by A-Team Group entitled Insider’s View from Brussels – a deep dive into Financial Tech Regulations, delivered by David Doyle, please complete the form below to obtain registration conditions.
A leading EU financial services regulatory expert based between Brussels and Paris, David Doyle, will provide quarterly deep-dive updates into the latest Fintech and related financial services legislative developments covering EMIR, MiFIR, AIFMD, the EU Digital Strategy, the new EU AML framework, the sustainability disclosure regime, the revised Capital Requirements Directive/regulation, amongst other topics.
The events will offer an insider’s view of positions, negotiations, and perspectives from the European Commission, EU Parliament, Council and the ECB.
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