ComplyAdvantage has acquired Golden, according to a statement issued by the company.
ComplyAdvantage is a firm that provides AI-powered financial crime risk data and fraud detection technology.
Golden is a data-mining firm that uses natural language processing to drive value from dispersed sources of information.
ComplyAdvantage said the acquisition positions its platform as a leading provider of financial crime information.
As part of the acquisition, Andreessen Horowitz (a16z) will be joining as an investor in the firm.
“Delivering AI-enriched financial crime insights to our customers through a best-in-class user experience built on the most interconnected data has been our north star at ComplyAdvantage since day one. The acquisition of Golden is a critical milestone on that journey,” commented Vatsa Narasimha, CEO of ComplyAdvantage. “We are excited to welcome their talented team to the ComplyAdvantage family, alongside a16z, who bring powerful expertise as we embark on the next phase of our growth journey.”
Jude Gomila, Golden founder and CEO, will join ComplyAdvantage as a board observer and special adviser. Gomila said he expects the combined firms will “transform financial crime risk management for businesses worldwide.”
ComplyAdvantage currently works with over 1,000 enterprises in 75 countries. The company identifies thousands of risk events daily from millions of structured and unstructured data points.
