“We continue to see increased demand from large enterprises, all of whom are unhappy with the status quo and are looking to improve efficiency and efficacy by evolving from overly manual, inefficient, on-premise financial crime risk management solutions,” said ComplyAdvantage CEO Vatsa Narasimha. “Paul’s impressive record of accelerating growth for AI-driven, cloud-native, risk and security companies will be critical as we demonstrate the value ComplyAdvantage can bring to those global customers.”

Kizakevich joins ComplyAdvantage from AI-augmented software testing automation platform Katalon, where he served as president and CRO. Katalon was featured on Deloitte’s 2023 Technology Fast 500 thanks to its 3,482 percent revenue growth in the preceding three years. Prior to that, he was CRO at ASAPP, an AI-driven customer interaction platform delivering more than $100M in operational efficiency gains for Fortune 100 organizations. Kizakevich was also a senior vice president at the real-time customer experience and security platform ThousandEyes (now part of Cisco after an approximately $1B acquisition), working with global financial services companies, such as JPMorganChase, Bank of America, and Lloyds.

At ComplyAdvantage, Kizakevich will oversee the global commercial organization to increase global market penetration, invest in its thriving partner ecosystem, and ensure material success for its 1,600 customers. His appointment also reflects the company’s momentum in the U.S. market. Eric Lightfoot, VP of sales, also joined ComplyAdvantage in April 2024 to help further accelerate growth in this market.

“ComplyAdvantage has an impressive track record of using AI to disrupt the fraud and anti-money laundering market,” Kizakevich said. “The company’s team of dedicated individuals is focused on providing the technology, data, and insights to help customers manage their risk exposure and fight financial crime. I am thrilled to join this group of extraordinary people to help the company achieve its vast potential.”

This announcement follows ComplyAdvantage’s recent acquisition of Golden and continued product momentum. The company was again placed in G2’s Leader Quadrant for Anti-Money Laundering solutions, recognizing the consistently strong customer feedback on its products.

About ComplyAdvantage

ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and fraud detection technology. ComplyAdvantage’s mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 1,300 enterprises in 80 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies. The company identifies thousands of risk events daily from millions of structured and unstructured data points.

ComplyAdvantage has five global hubs in New York, Lisbon, London, Singapore, and Cluj-Napoca and is backed by Andreessen Horowitz, Goldman Sachs, Ontario Teachers’ Pension Plan, Index Ventures, and Balderton Capital. Learn more at complyadvantage.com.

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As digital transactions surge and cyber threats evolve, these tools offer fintechs, financial institutions and businesses advanced real-time fraud detection and risk management capabilities, addressing an industry in which 63% of financial firms reported an increase in fraud, with digital channels contributing to half of the total fraud losses.

Galileo Instant Verification Engine

Galileo Instant Verification Engine (GIVE) provides real-time verification of external bank accounts and ownership. Whether used as a standalone product or integrated with the Galileo Payment Risk Platform (PRP), GIVE delivers real-time insights that help businesses prevent fraud by quickly verifying account existence, status, and ownership before processing transactions.

GIVE is further enhanced by its integration with the Galileo Payment Risk Platform, which uses a sophisticated Transaction Decision Rules Engine. This engine applies customizable models, rules and profiles to each transaction, allowing for real-time, automated fraud prevention decisions tailored to the specific needs and risk appetite of each business.

The key benefits of GIVE are:

• Instant Account Verification: GIVE instantly verifies external bank account information, confirming its existence, status, and risk signals. This enables Galileo clients to make informed decisions when linking accounts or processing transactions, such as determining account status and risk associated with the account.
• Instant Identity Verification: GIVE ensures that only authorized individuals can transact by verifying the ownership of external bank accounts. It matches the account holder’s name and personal information — such as social security number (SSN), date of birth, and address — against the provided owner details, which is particularly useful for preventing identity fraud.
• Account Risk Profiling: By leveraging machine learning, the Galileo Instant Verification Engine generates risk scores that assess the probability of ACH returns and non-sufficient funds (NSF) issues, providing a comprehensive view of account reliability. This enables businesses to predict funding issues and take proactive measures to prevent them.
• Seamless User Experience: GIVE supports “me-to-anyone” and “anyone-to-me” use cases without requiring customers to input their credentials for external accounts, ensuring a frictionless and secure transaction process.

The Galileo Instant Verification Engine significantly reduces the risk of fraud by providing real-time verification of external bank accounts and ownership, cutting verification times from days to seconds. This minimizes customer drop-offs — reducing abandonment rates from nearly 50% based on a traditional method such as MDA (Micro-deposit Authentication) to as low as 1% — and delivers a smoother, more reliable customer experience across multiple channels, including ACH, FedNow, Wires and check deposits.

Transaction Risk GScore

Transaction Risk GScore is a machine-learning-based risk score that assesses the risk of card transactions in real time. By analyzing multiple data points, such as user behavior and transaction patterns, GScore enables financial institutions, fintechs and businesses to detect and respond swiftly to potential fraud, reducing losses and ensuring more efficient operations.

GScore supplements the existing enhanced capabilities in Payment Risk Platform by adding a layer of fraud signals while allowing the client to determine the risk appetite based on the multiple model responses. GIVE and GScore are designed with scalability in mind, ensuring they can grow alongside your business.

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Allied is one of the largest providers of insurance, lending, risk management, and data-driven solutions to financial institutions in North America. With heightened regulatory scrutiny on finance and insurance (F&I) compliance, lenders, dealerships, and business process outsourcing (BPO) organizations face intensified pressure to meet stringent regulatory requirements.

“This collaboration is evidence of just how deeply PCMI and Allied understand the demand for a comprehensive lender compliance solution,” said Pete Hilger, CEO at Allied. “Although the FTC CARS Rule is facing some challenges, lenders are already feeling the pressure in maintaining compliance with GAP policy refunds. PCMI’s TruComply will provide the necessary tools to ensure that lenders and lender BPO services are better positioned to mitigate litigious situations.”

TruComply is poised to revolutionize lender compliance by streamlining the F&I product cancellation and refund process while ensuring compliance for lenders. TruComply automates refund quotes with access to the largest provider network and delivers seamless payment distributions with compliance verification.

“TruComply was carefully designed to meet the evolving regulatory lender compliance requirements,” said Mark Nagelvoort, CEO at PCMI. “We see TruComply providing a modern experience for managing policy refunds, compliance verification, and for ensuring industry compliance on behalf of lenders, dealers, and providers.”

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Simultaneously with this transaction, Hg has bought out prior Ncontracts shareholder Gryphon Investors (“Gryphon”), as well as prior Venminder shareholders. Hg is a leading investor in software and services businesses and is backing Founder and CEO, Michael Berman, to lead the combined business, which promises to deliver more value to customers via these expanded capabilities.

Acquiring Venminder gives Ncontracts more depth and expertise in third-party risk management, further enhancing its position as a software-as-a-service (SaaS) and knowledge-as-a-service (KaaS) leader in enterprise risk management. The investment from Hg brings resources and expertise, continuing to strengthen Ncontracts as a leader in governance, risk and compliance (“GRC”) software solutions for banks, credit unions, mortgage companies, fintechs and registered investment advisors, as they grapple with increased risks and regulatory scrutiny.

“We are excited to join forces with Venminder,” said Michael Berman, Ncontracts Founder and CEO. “With our teams coming together to help reduce risk, improve compliance and control costs, we will continue to strengthen the financial industry and the communities they serve. With the investment and support from Hg, we are well positioned to continue our rapid growth. Gryphon has been a valuable partner, and I want to thank their outstanding team of operating partners, operating advisors and investment professionals.”

“Uniting Venminder and Ncontracts will bring tremendous value to our customers,” stated James Hyde, Venminder’s CEO. “This strategic partnership extends beyond third-party risk management, propelling Venminder into the broader integrated risk and compliance space. By combining our strengths, we are poised to deliver even more comprehensive and innovative solutions to our clients and the broader market. Our unwavering commitment is to continue to support our clients by guiding them through the complex landscape of third-party risk.”

Ncontracts has been named in the prestigious Inc. 5000 list of fastest growing private companies in America for the sixth consecutive year in 2024. This transaction will grow Ncontracts’ customer base further to over 5,000 customers. The investment and acquisition demonstrate Ncontracts’ commitment to continued growth from both an organic and inorganic perspective.

Alan Cline, Head of North America at Hg, said: “We see Ncontracts swiftly becoming a ‘gold standard’ provider of highly automated, AI-enabled, integrated software solutions for the financial industry. The merger with Venminder creates a compelling platform with a comprehensive product suite that can deliver significant value to customers.”

Alexander Johnson, a Director at Hg added: “We’re excited to partner with Michael Berman as he continues to lead and scale the company for its next stage of growth.”

Jon Cheek, Partner & Co-Head of the Software Group at Gryphon, said: “We are delighted to have completed a complex transaction that significantly transforms Ncontracts and positions it to continue to thrive. Through a combination of organic and inorganic growth strategies, Ncontracts has more than quadrupled in size since Gryphon originally invested in 2020. With its comprehensive suite of products meeting the continued demand for sophisticated financial services governance, risk and compliance management tools, the company is poised to continue that aggressive growth going forward.”

Gryphon sees continued attractive opportunity for new platform investments in the GRC sector and retains its investment in separate portfolio company RegEd, a leading provider of enterprise regulatory compliance solutions to insurance companies and financial services firms.

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B2COPY on cTrader – What Can You Expect?

B2COPY is the first-ever solution to provide an institutional-level trade copier for cTrader that does not require users to sign in to their cTrader accounts. Moreover, for the first time, B2COPY introduces PAMM (Percent Allocation Management Module) for cTrader. The MAM (Multi-Account Manager) solution from B2COPY is a unique function that offers institutional-grade services like automated fee payment processing, seamless integration with IB modules, and extensive risk management features.

Advantages of B2COPY

This integration between cTrader and B2COPY introduces several enhanced features:

• Flexible Trading – B2COPY on cTrader enables investors to trade on their accounts, close copied positions, and detach their positions from the master’s positions.
• Fee Settings – Trade masters can fine-tune fee plans, create personalised promotions for clients, and set different fee settings for clients.
• Flexible Allocation Methods – B2COPY on cTrader supports different allocation methods, such as proportionally by equity, balance, and fixed lot allocation.
• Advanced Copying Features – The B2COPY integration offers features such as pausing and reversing copying, customising user nicknames and avatars, and changing strategy names on cTrader.
• User-Friendly Integrations – B2COPY on cTrader integrates with B2CORE CRM and can be integrated with other prop firm CRMs. This removes the need to go to the trading platform.
• Website Widgets – B2COPY on cTrader provides useful widgets for website integration, including traders’ leaderboards and individual statistics pages, increasing user engagement and transparency.

What Makes cTrader Unique?

cTrader is an advanced multi-asset FX/CFD trading platform known for its robust and sophisticated ecosystem that caters to the dynamic needs of Brokers, Proprietary Firms, IBs, and Traders.

• cTrader seamlessly integrates third-party services through its multiple APIs. Even developing custom applications connected to the cTrader backend is highly simplified with the Open API.
• Various plugins offer brokers & props extensive opportunities to personalise cTrader UIs and incorporate bespoke elements.
• Brokers & props receive cTrader as an out-of-the-box cloud solution powered by Spotware on cutting-edge infrastructure.
• cBroker, an advanced and flexible management system that provides unlimited possibilities for brokers & props, is included in the cTrader suite.
• Brokers & props can confidently acquire a competitive advantage and improve their reputation using cTrader, the fastest-growing FX/CFD platform.

cTrader is famous in the trading community for its exceptional features:

• Advanced order types and sophisticated protections
• Powerful charting and technical analysis tools
• Level 2 pricing and execution at almost-zero latency
• Facilitated entry into algorithmic and social trading
• Appealing designs and user-centric interfaces
• Availability across all popular platforms: web, desktop, macOS, iOS and Android.

IBs prefer cTrader over other providers as the ultimate solution to grow a robust referral base with:

• cTrader Invite – a comprehensive toolkit created to help affiliates attract new traders with appealing cTrader products and effectively convert them into referrals.
• cTrader Copy – a full-scale social trading platform featuring hundreds of tested & proven trading strategies that encourage new users to engage in live trading.
• cTrader Algo – an automated trading solution that supports easy algorithm development and provides free 24/7 cloud execution of cBots across all cTrader apps.
• Other tools for partners include signal links for sharing trading opportunities, Chart Streams for sharing technical analysis, and shared access for money managers.

“With this integration with Spotware, we have brought advanced features and unprecedented flexibility to the traders. B2COPY offers the first-ever PAMM and MAM for professional money managers, multiple allocation methods, and a variety of fee types, including subscription and joining fees, to cTrader users. Also, our performance fee calculation options provide more flexibility for brokers and their clients. We’ve worked really hard to integrate these sophisticated features into B2COPY, and we’re excited to welcome cTrader and their users to experience these benefits.”

— Sergey Ryzhavin, CPO of B2COPY

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The partnership will combine Datava’s end-to-end data activation platform with Corridor’s state-of-the-art decision workflow management platform, creating an integrated solution that empowers financial institutions to achieve unprecedented growth, proactive customer management, and operational efficiency.

“We are excited to partner with Corridor, as this collaboration allows us to deliver even greater value to credit unions seeking to enhance their member experiences and operational strategies,” shared James Cartwright, Head of Sales at Datava.

By integrating their technologies, Datava and Corridor will deliver comprehensive, AI-driven data strategy and advanced decision-making tools with robust compliance and governance to help financial institutions thrive in the digital era.

Key Benefits of the Partnership:

1. Unified Data and Decision Management: The integration of Datava’s data activation platform with Corridor’s decision management system will provide a holistic solution that simplifies data management and enhances decision-making processes.
2. Enhanced Member Services: Financial institutions can leverage advanced data-driven strategies, such as personalized product recommendations, targeted marketing campaigns, and real-time decision-making, to offer personalized, timely services to their members, significantly improving member satisfaction and engagement.
3. Operational Efficiency: The partnership will help credit unions and community banks reduce operational complexities, optimize employee performance, increase revenue, and drive better retention by streamlining and automating data and decision management.
4. Regulatory Compliance: Corridor’s expertise in platform-driven risk management and decision management workflows, combined with Datava’s comprehensive data activation platform, will ensure that financial institutions can maintain robust regulatory compliance and governance while driving controlled growth.

“I am very excited about this opportunity for Corridor and Datava to enable credit unions to rapidly transform decisions in a turnkey manner to best-in-class while managing costs and internal efforts optimally. We now have a ‘real’ option for credit unions to insource and own their full decisioning stack from Data -> Decisions -> Outcomes -> Activation while continuously innovating. That’s transformational!” said Aditya Khandekar, Corridor’s Chief Revenue Officer.

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Chatham will occupy 6,700 square feet on the fourth floor at the Offices at Carson Station, a revamped property located at 1001 Morehead Square Drive in South End, one of Charlotte’s core business areas. Five employees currently work out of the Charlotte office, and Chatham plans to increase headcount in this location sixfold in the next few years. The Charlotte office marks the third new office that Chatham has opened this year, adding locations in New York City and Amsterdam earlier in 2024, bringing its total to 10 offices worldwide.

“Positioned at the intersection of finance and technology, Charlotte is a natural target for Chatham’s expansion,” said Laura Grant, Managing Partner and President of Chatham Financial. “Chatham is growing and diversifying like many of our clients. We are a stronger partner and better able to deliver the high-quality service our clients expect because we proactively engage with their business needs and challenges.”

Scott Simonton, a 15-year veteran of private capital risk management and a North Carolina native, will lead the Charlotte office. Prior to joining Chatham, Simonton was at Brookfield Asset Management in New York, New York, where he oversaw interest rate and currency risk management for a $550 billion private investment portfolio.

“Our new office is located in the heart of Charlotte’s business community, providing excellent connectivity for our clients and stakeholders,” said Simonton, Managing Director, Chatham Financial. “Chatham couldn’t have picked a better place to establish its presence in the Southeast. Charlotte provides access to a rich pool of tech and capital markets professionals as well as an incredible university system, enabling us to recruit top-tier talent at scale across sectors.”

For more information about Chatham Financial and its services, please visit chathamfinancial.com. For media inquiries, please contact chatham@backbaycommunications.com

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NeuroID’s behavioral analytics solutions are available now through CrossCore^® on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15 billion in fraud losses globally last year. With NeuroID seamlessly integrated into Experian, clients can use one service provider to proactively monitor and analyze a user’s real-time digital behavior (for example, how they navigate a form and enter information).

The emergence of generative AI-driven fraud has motivated companies across industries from financial services to healthcare and e-commerce to seek new types of fraud-detection technology, such as behavioral analytics, within their originations and account management fraud strategies. Insights from behavioral analytics help mitigate fraud in real time and prevent identity theft, account takeover, bot attacks, next-generation bot attacks and fraud rings — empowering businesses to provide a seamless customer experience.

“Our acquisition of NeuroID highlights our commitment to provide our clients with world-class data, analytics and insights to prevent fraud. Together with NeuroID, we’re excited to build new blended offerings that detect risk but also empower businesses to confidently navigate the online landscape and trust in their transactions,” said Robert Boxberger, President of Experian’s North American Identity & Fraud business. “In today’s highly competitive and digital-first world, the use of behavioral analytics is now vital for innovating for the future of fighting fraud.”

“We are in a new era of fraud driven by AI. Companies are under immense pressure to rapidly innovate and advance their approach to fighting fraud. NeuroID unlocks a new view into a user’s riskiness based on behavioral interactions,” said Jack Alton, CEO at NeuroID. “This view arms companies with a proactive, first line of defense to detect sophisticated fraud rings and bot attacks. By joining forces with Experian, we’re looking forward to helping companies confidently navigate this new era with solutions that enable more secure and frictionless experiences.”

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As CEO, Andy will lead Baker Hill by leveraging his extensive background as an innovator in the lending technology industry. Andy and Baker Hill aim to drive innovation across the company’s product suite and enable financial institutions to optimize and modernize their lending operations. Andy’s entrepreneurial spirit and product-focused approach position him to drive innovation within the company’s product offerings. Andy’s leadership will solidify Baker Hill’s position as a market leader, ensuring clients benefit from forward-thinking lending solutions that enable them to grow and serve their local communities.

Andy is an experienced fintech executive and entrepreneur who brings over two decades of experience in the financial services industry to Baker Hill. He has a strong track record of developing innovative, customer-centric software solutions in digital lending. Following Fiserv’s acquisition of iLendx, a company he founded while pioneering cloud-native lending origination products, he oversaw Fiserv’s lending and deposit software products and services division. Before his software career, Andy was a banker and managed a $14 billion lending portfolio as a product executive with USAA, where he also developed and is a named inventor on USAA’s lending technology patents. Andy is a veteran of the U.S. Air Force.

“I am truly honored to be appointed Baker Hill’s Chief Executive Officer and look forward to building upon the strong foundation Baker Hill has built over its 40-year history,” said Ivankovich. “Baker Hill is consistently recognized as a leading fintech company with world-class products. The team has cultivated a reputation for driving innovation in lending for banks and credit unions to better serve their communities. I am proud to join this team of experts and look forward to leading Baker Hill through its next stage of growth and ushering in a new era of innovation for our clients.”

Brian Longe, Chairman of the Board for Baker Hill and former CEO of Wolters Kluwer Financial and Compliance Services, said, “Andy has demonstrated forward-thinking leadership throughout his career, and he is well-acquainted with Baker Hill’s mission. His product and client focused approach, entrepreneurial background, and forward-thinking innovation make him an excellent choice to lead Baker Hill.”

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The partnership will provide Kompliant access to the Kount Payment Fraud solutions that use advanced Artificial Intelligence, equipped with supervised and unsupervised machine learning, to analyze data from an online purchase or transaction.

“Our partnership with Equifax arrives at a crucial time when businesses must stay ahead of increasingly sophisticated fraud tactics while navigating complex regulatory environments,” said Leo Patching, CEO of Kompliant. “By enhancing our powerful workflow automation tools with AI-driven fraud detection capabilities from the Equifax Kount Payment Fraud solutions, we’re providing financial institutions with a comprehensive solution that not only safeguards against fraud but also streamlines risk management processes, enhances operational efficiency, and supports data-driven decision-making.”

Growth in the eCommerce industry has presented many companies with new opportunities such as revenue growth and new customers, but it has also caused pain due to a steady rise in fraud. Kount Payment Fraud solutions provide merchants with a comprehensive view of transactions and uses machine learning to set rules and automate approve and decline decisions, lowering operational costs and driving scalability for their fraud operations teams.

“Our goal is to help manage clients’ exposure to risk and quickly and effectively reduce fraud, all while maintaining the customer experience,” said Scott Przybyla, SVP of Kount Payments Sales, Digital Solutions at Equifax. “Together with Kompliant, we’re empowering financial institutions to drive their organization’s growth without compromising their security.”

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