“My favorite thing about ComplyAdvantage is its potential. From the team, to the product road map, collectively we have the capacity to disrupt the compliance industry and eliminate financial crime”
CHARLES DELINGPOLE (FOUNDER & CEO)
The sticky fingers of finance fraud continue to pluck untold billions from companies worldwide. The World Economic Forum estimates $2.4 trillion in illicit funds circulate throughout the global financial markets each year.
London-based ComplyAdvantage has set its sights on a grand mission “solving financial crime”. Their API-based uber-smart tech along with some razor-sharp talent susses out the bad actors. Just remember: Everybody runs. The company is addressing a particularly painful pain-point in the digital age: the alphabet soup of finance regulations – from Know Your Customer (KYC) to anti-money laundering (AML) and on to countering financial terrorism (CFT).
As a former Money Laundering Reporting Officer, Charles understands just what it takes to protect organizations from compliance catastrophe. Under his tutelage, the company raised an additional $30M in Series B funding this year and completed a recent expansion into APAC with an office in Singapore.
Join us for this hearty interview with our friend and compliance guru Charles…
B2B SaaS company building the first global, connected database of people and companies powering world-leading financial crime detection tools.
I would love to dine with Alan Turing, Ada Lovelace, and Larry Page. Alan and Ada contributed so much to math and computer science, without them I am not sure where we would be today. Additionally, I would love to dive into innovation and growth with Larry who has created one of the world’s most successful companies off the back of Alan and Ada’s contributions.
My first startup was called The Student Room and at one point it was the fastest growing online student social media platform in the entirety of the UK. Today it is still one of the largest online student communities. That said, The Student Room isn’t Facebook. It would have been interesting to see if roles had reversed, what would have happened.
We have a bright future. The products that we are building are only the beginning of what we have planned. My favorite thing about ComplyAdvantage is its potential. From the team, to the product road map, collectively we have the capacity to disrupt the compliance industry and eliminate financial crime.
I am proud of the work that is being done at MarketInvoice. They have built a great team and product. Their Series B is a testament to the work they have done and the future they have in front of them.
At the last company that I co-founded, MarketInvoice, I assumed the role as a Money Laundering Reporting Officer. The personal and corporate liability of making sure every client and transaction was within AML and CFT regulations was enormous and there were no tools on the market that gave me the power and flexibility to safely automate onboarding of clients and monitoring of transactions. Thus, I left to build something better.
Besides ComplyAdvantage? Challenger banks are interesting to watch. In the UK they have had ample opportunity to come in and take a major part of the market. In the US, that is a different story. You are starting to see Challenger banks partner with traditional financial institutions to get a foot in the door. With N26, Monzo, and Revolut all moving into the US this year, it will be interesting to watch how they position themselves and who captures the market first.