Global Screening Services: Raises $45M in Funding

Global Screening Services: Raises $45M in Funding

• Global Screening Services (GSS), a London, UK-based RegTech company, raised $45M in funding
• The company intends to use the funds to accelerate growth, expand operations and its business reach
• GSS provides an industry collaboration platform to improve compliance standards, by enhancing and exchanging information
• The platform leverages technology, including artificial intelligence, and an ecosystem of financial institutions and industry partners to provide streamlined compliance screening for sanctions
• In October a partnership with Swift was announced, which will provide expertise on security and data privacy, along with sanctions screening support
• Incubated by AlixPartners since 2021, GSS is now a standalone company with over 140 people supporting the business on a full-time basis