Global Screening Services raises £37m in Series A2 funding from Commonwealth Bank of Australia, AlixPartners, and The Cynosure Group
The financing supports the regtech pioneer as it transitions from development to live operations.
Global Screening Services develops cloud native regulatory compliance technology for the financial sector. The firm provides collaborative infrastructure designed to improve transaction screening and efficiency.
Global Screening Services has secured £37m in a Series A2 funding round from backers including Commonwealth Bank of Australia, AlixPartners, and The Cynosure Group. The capital arrives as the regtech firm transitions from development to operational status ahead of onboarding its inaugural clients.
The London based company operates a cloud platform designed to streamline sanctions screening and regulatory compliance for financial institutions. The fresh financing will support the commercial rollout of its transaction screening technology following years of collaborative framework development alongside major global banks.
Investor perspective
"As an investor committed to fostering innovation, we at The Cynosure Group are thrilled to continue our partnership with GSS. The strides made since our initial investment underscore the company’s potential to revolutionize the sanctions screening industry. We look forward to supporting GSS in their continued journey towards solving critical challenges with ingenuity and impact."
Randal Quarles
Chairman and Co-founder, The Cynosure Group
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About the company
Global Screening Services
Global Screening Services builds cloud native infrastructure for financial compliance.