Xcelerate Acquires Stake in Financial Service Compliance Provider Gieom

Xcelerate Pte Ltd, a global Environmental, Social, Governance, Risk, and Compliance (ESGRC) platform, has announced the acquisition of a strategic equity stake in Gieom Business Solutions, a financial service compliance provider.

The deal, which was carried out through a combination of primary and secondary investments, aims to enhance Gieom’s expansion into Europe and other highly regulated Banking, Financial Services, and Insurance (BFSI) markets, where there is a growing demand for advanced operational risk and resilience technology solutions.

Gieom, known for its Generative AI-powered RegTech solutions, offers a suite of services including Standard Operating Procedures (SOP) and Policy Management, Operational Risk and Resilience, and Digital Identity Verification.

The company serves a broad client base across Europe, the Middle East, and India. John Santhosh will continue to lead Gieom as Managing Director and CEO, reporting to the Board.

The global BFSI sector is witnessing rapid digitalization of compliance processes due to stringent regulatory oversight and the necessity to ensure operational resilience for key business stakeholders.

RegTech solutions are becoming crucial for enhancing governance, risk, resilience, and compliance management visibility and reporting to senior managers, regulators, and other supervisory agencies. Xcelerate’s investment in Gieom complements its existing portfolio in social compliance and ESG reporting sectors.

John Santhosh, Managing Director and CEO at Gieom, said:

Interest in Gieom’s solutions has risen dramatically in light of Operational Resilience Regulations being enforced by various Central Banks. We are excited that Gieom’s partnership with Xcelerate opens the door for us to provide BFSIs with the highest quality RegTech solutions, already used by more than 100 customers globally with the premium service levels we are renowned for.

Kv Ramanand, CEO of India for Xcelerate Group, said his company will work closely with the Gieom team and its advisors in scaling the operations to the next level, making the right investments in domain expertise, technology, and market outreach.

Xcelerate’s investment marks a significant step in its strategy to fortify its presence in the rapidly evolving RegTech landscape.

As the demand for robust compliance and risk management solutions grows, this partnership is poised to drive Gieom’s growth and innovation, reinforcing its market position and expanding its customer base in key regions.

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