Newsletter, 17th ed.

Welcome to the 17th 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 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

In March 2024, we tracked seven (7) investments and three (3) acquisitions. Here are the deals that were announced:

Synctera / $18.6M Series A+

https://synctera.com/post/extending-our-series-a-round-and-welcoming-our-new-cro

Meo / $1.82M Venture

https://www.eu-startups.com/2024/03/copenhagen-based-meo-secures-e1-67-million-for-expansion-of-its-anti-money-laundering-platform/

IDfy / $27M Series A

https://ibsintelligence.com/ibsi-news/identity-platform-idfy-secures-27m-plans-to-further-asia-footprint/

Youverify / $2.5M Seed

https://youverify.co/blog/youverify-secures-strategic-investment-lead-by-elm-to-enhance-anti-money-laundering-compliance

Cube / Undisclosed Private Equity

https://cube.global/about-us/news/cube-and-hg-unite-to-create-industry-defining-regulatory-compliance-and-risk-platform

AccessPay / $24M Venture

https://accesspay.com/press-release/accesspay-closes-24-million-strategic-funding-round-led-by-silicon-valley-vc-true-ventures/

GSS / $47M Series A+

https://www.gss-rose.com/wp-content/uploads/2024/03/GSS-Investment-Press-Release-1.pdf

nCino acquires DocFox

https://www.ncino.com/news/new-partnership-docfox

Signicat acquires SmartWorks

https://www.signicat.com/press-releases/signicat-acquires-icelandic-smartworks

Resources Connect acquires Reference Point

https://www.referencepoint.com/connect/media/resources-connection-acquire-reference-point

Market News

Here are recent rebranding, partnerships, product releases, and innovations happening across the Financial Crime Risk and Compliance solutions landscape.

Aptitude Global partners with Senzing

https://senzing.com/aptitude-global-financial-crime-entity-resolution/

Ground Truth Intelligence parters with Castellum AI

https://www.gtintel.io/blog/ground-truth-intelligence-launches-partnership-with-castellum-ai

uqudo partners with Tamara

https://uqudo.com/news_media/uqudo-partners-with-tamara/

Enformion partners with Bureau ID

https://www.enformion.com/news/enformion-and-bureau-id-forge-strategic-alliance/

FIS partners with Stratyfy

https://www.fisglobal.com/en/about-us/media-room/press-release/2024/fis-offers-greater-card-fraud-detection-through-new-artificial-intelligence-collaboration

Persona introduces new suite of offerings to automate business customer onboarding and KYB

https://thepaypers.com/digital-identity-security-online-fraud/persona-expands-its-identity-platform--1267031

Enigma introduces customer and transaction screening

https://www.enigma.com/resources/blog/introducing-enigma-customer-and-transaction-screening

Quantexa reveals platform roadmap, an update on Q assist, and a new partnership with Microsoft

https://www.quantexa.com/press/microsoft-partnership-product-roadmap/?utm_campaign=Global+Campaign+%7C+Brand+%7C+Decision+Intelligence&utm_medium=organic_social&utm_source=LinkedIn

Unit21 announces new AI-powered tools for insights and investigations

https://www.unit21.ai/blog/unit21-announces-two-new-ai-powered-tools-for-insights-and-investigations

In Financial Crime Risk and Compliance, whether building programs, operations, tech, or services -- thinking must evolve.

https://www.linkedin.com/posts/vicmac03_building-in-a-highly-regulated-industry-like-activity-7168598249707175936-9FPm?utm_source=share&utm_medium=member_desktop

Can a regulated financial institution shift its focus from the regulatory environment to the threat environment?

https://www.linkedin.com/posts/vicmac03_experts-in-the-fincrime-space-love-to-lean-activity-7170455641856073730-W8Op?utm_source=share&utm_medium=member_desktop

Ways to think about FinCrime datasets: 1/ Build, 2/ Borrow, 3/ Buy

https://www.linkedin.com/posts/vicmac03_ways-to-think-about-fincrime-datasets-1-activity-7172939381618405377-86Mk?utm_source=share&utm_medium=member_desktop

DATA is how you unlock the utilities of advanced tech and DATA is how you drive a good Financial Crime Risk and Compliance program.

https://www.linkedin.com/posts/vicmac03_you-cant-monitor-or-screen-transactions-activity-7173664131709874176--xTJ?utm_source=share&utm_medium=member_desktop

There's a big disconnect between "compliance" and the threat environment.

https://www.linkedin.com/posts/vicmac03_bad-actors-are-exploiting-vulnerabilities-activity-7175892504599257088-HJFB?utm_source=share&utm_medium=member_desktop

https://www.linkedin.com/posts/vicmac03_bad-actors-exploit-vulnerabilities-or-weak-activity-7176197839541186561-DbsZ?utm_source=share&utm_medium=member_desktop

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