About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

Beam Raises Seed Funding for New Compliance Venture

Subscribe to our newsletter

Former Facebook and Paypal executives including Ben Duranske, former Facebook Chief Compliance Officer, have raised $9 million in Series A funding for Beam Solutions, a transaction monitoring platform designed to tackle financial crime and money laundering. The funding round was led by Greycroft Ventures and Canaan, while other investors included Broadhaven, Conversion Capital, Plug and Play and Slow Ventures; and Silicon Valley Bank also provided a $2 million debt facility.

Beam uses machine learning and new data sources to offer compliance software for fintechs, banks, broker-dealers, entities utilizing blockchain, and other regulated financial groups. Its API-based SaaS platform promises to help customers reduce false positives, meet AML and KYC requirements and maximise compliance resources.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

New White Paper: AI and the Operational Reality of e-Comms Surveillance

The rapid expansion of electronic communications channels has fundamentally reshaped how financial firms interact with clients, counterparties and markets. Email and Bloomberg messaging have been joined by collaboration tools, instant messaging platforms, voice calls and video meetings, all of which now sit squarely within the scope of regulatory scrutiny. For compliance teams, this proliferation has...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Alternative Trading Systems Directory 2010

The year since we launched our first edition of the A-Team Alternative Trading Directory has passed by in a flash (no pun intended). And while the rate of expansion of the alternative trading system sector may have slowed – even consolidated somewhat – in the more established centres, their onward march continues both in terms of credibility, and of uptake...