Newsletter, 15th ed.
Welcome to the 15th Edition of Perspective, by i3strategies®️.
Thank you to everyone who reads and subscribes to our newsletter.
If you are new to this newsletter, here is a quick introduction:
i3strategies®️ is a market research and strategy consulting firm with expertise in Financial Crime Risk and Compliance. Our expertise spans across Money Laundering, Corruption and Bribery, Sanctions, Fraud, and Cybercrime.
Our commercial focus is on Finance, Tech, Professional Services, Private Equity, and Venture Capital clients.
This newsletter covers the business and strategy sides of Financial Crime Risk and Compliance. Enjoy the read, and thank you!
Investments, Mergers and Acquisitions
i3strategies®️ Research published the 2023 Year-in-Review for Investments and Acquisitions in the Financial Crime Risk and Compliance space. The market update covers insights from more than 90 deals announced in 2023.
In January 2024, we tracked six (6) investments and three (3) acquisitions. Here are the deals that were announced:
1/ Investment: CSI Web announced a Private Equity round led by TA Associates.
2/ Investment: Detected announced a Seed+ round led by Thomson Reuters and Love Ventures.
3/ Investment: Avallone announced a Seed round led by Preseed Ventures.
4/ Investment: Doppel announced a Series A round led by A16Z.
5/ Investment: Paays announced a Seed round led by undisclosed investor(s).
6/ Investment: Incognia announced a Series B round led by Bessemer Venture Partners.
7/ Acquisition: Encompass announced the acquisition of CoorpID and Blacksmith KYC from ING.
8/ Acquisition: TPG announced the strategic growth investment/acquisition of Sayari.
9/ Acquisition: Accel-KKR announced the acquisition of Accertify from American Express.
Market News
Here are recent rebranding, partnerships, product releases, and innovations happening across the Financial Crime Risk and Compliance solutions landscape.
1/ AMLYZE and TransactionLink announce partnership. Read more here.
2/ OneID announces partnership with digital signature platform Videosign. Read more here.
3/ Quantexa partners with the Anti-Human Trafficking Intelligence Initiative to intensify the fight against human trafficking. Read more here.
4/ Minerva announces channel partner program to broaden the reach of its AML risk assessment solution. Read more here.
5/ FinClusive, Verida, and cheqd announce a partnership to introduce a reusable KYC/KYB digital credential. Read more here.
6/ Dow Jones launches Factiva Sentiment Signals powered by Oliver Wyman. Read more here.
7/ Dow Jones launches risk and compliance financial instruments. Read more here.
8/ Wolters Kluwer launches beneficial ownership expert solution to aid compliance with the Corporate Transparency Act (CTA). Read more here.
9/ Socure solves for account opening identity fraud after 10 years of R&D. Read more here.
10/ S&P Global Market Intelligence enhances entity insights solution with addition of sanctions and adverse media screening data. Read more here.
11/ RiskScreen rebrands as KYC360. Read more here.
🎧 to The Business of FinCrime solocast series on The Perspective Podcast with Vic Maculaitis.
In 2024, the failed state of isolated and siloed views of financial crime is a losing proposition -- and by default the bad guys win. Combatting financial crime is about connecting the dots and it starts with seeing the interconnectivity between fraud, money laundering, cybercrime, sanctions, corruption, and bribery. Read more here.
The role of the BSA Officer/Head of Financial Crime is far more than regulatory compliance and risk management. Listen to the conversation on Moody's Talks KYC Decoded podcast.
🎧 to the FinCrime Strategy solocast series on The Perspective Podcast with Vic Maculaitis.