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: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

Navigating the Compliance Minefield: Decommissioning Legacy Voice Recording Systems

The financial services sector faces unprecedented scrutiny regarding communication record-keeping, a challenge amplified by evolving regulations and a proliferation of digital channels. A recent webinar hosted by A-Team Group and sponsored by Wordwatch, brought together industry experts to dissect the complexities of managing legacy voice recording transitions and charting a course for future-proof compliance. The...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London 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

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...