Latest news with #RomanEloshvili
Yahoo
07-05-2025
- Business
- Yahoo
ComplyControl Named One of the UK's Top 50 Fintech Startups by TechRound
LONDON, May 7, 2025 /PRNewswire/ -- ComplyControl , a fast-growing UK-based startup that uses AI solutions to transform compliance for banks and financial institutions, has been named one of the winners of the FinTech50 2025 list by TechRound – the UK's leading startup and tech publication. Founded in 2016, TechRound is one of the most respected and fastest-growing media platforms in the UK, widely read by investors, founders, and decision-makers in the tech space. Each year, its FinTech50 list picks out the most promising fintech startups that are changing the way the world thinks about finance. From payments and personal finance to blockchain and compliance, the ranking highlights companies bringing fresh ideas and meaningful innovation to the financial services sector. The winners are selected based on their impact, originality, and growth potential. ComplyControl was founded to tackle the high costs and inefficiencies associated with traditional compliance processes in modern-day realities. Through its AI-powered tools, the company helps financial institutions streamline much of the internal processes. Quickly screening bank transactions against global sanctions lists, detecting potential fraud and suspicious activity ahead of time, and more – all with greater accuracy and speed than manual checks or legacy systems. One of ComplyControl's standout features is its recently launched visual compliance rules editor. This tool allows compliance officers to build custom transaction monitoring rules without any need for in-depth coding knowledge, making the process faster and more accessible. The editor also includes a built-in AI assistant that helps analyse the effectiveness of the rules, ensuring that they remain relevant and up-to-date. "At ComplyControl, we are focused on building products that solve real pain points in the financial services industry," – said Roman Eloshvili, Founder of ComplyControl. "Our goal is to make compliance smarter and more accessible, so that companies can focus less on regulatory stress and more on growth. For small and mid-sized firms, in particular, it shouldn't be a roadblock to effective operations. Being recognised by TechRound like this is a strong validation of our mission and the hard work of our team. It signals the growing recognition of AI's importance in the future of financial compliance and the fintech ecosystem as a whole. As we continue to grow and expand our services, ComplyControl aims to become the go-to compliance partner for forward-thinking financial institutions."
Finextra
06-05-2025
- Business
- Finextra
XData Group to go public on Nasdaq via blank check merger
Estonian banking technology provider XData is to go public on the Nasdaq market via a Spac merger with blank-check firm Alpha Star Acquisition Corporation. 0 The business combination transaction is valued at $180 million and is set for a public debut in the first half of 2025.. Founded in 2022, XData Group offers services ranging from front-end to back-end app development, custom software creation, UX/UI design, and prototype and MVP testing for online banking, alongngside AI-based tools that streamline KYC checks, compliance processes and fraud detection, The company has tripled its workforce in 2024 and launched its flagship banking platform, designed to enhance user experience and operational efficiency in online banking. Headquartered in Tallinn, Estonia, the company has also recently expanded its affiliation to Armenia and Spain. XData Group will continue to be led by its founder and CEO, Roman Eloshvili, who will oversee the company's further development. Says Eloshvili: "At XData Group, we are committed to delivering cutting-edge services to as many financial institutions as possible. The deal with Alpha Star represents the next step on our journey. Going public will provide us with the resources needed to accelerate the development of new products, as well as new industry partnerships."
