Nasdaq Invests in RegTech Firm Caspian
- The two will also partner for R&D in financial crime detection.
Nasdaq Ventures, the investment arm of Nasdaq, has purchased a minority stake in Caspian, a UK-based financial crime investigation Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term company.
Announced on Tuesday, the market technology arm of Nasdaq also inked a partnership deal with Caspian, supporting the growth of the business within the Financial Crime business verticals.
Commenting on the move, Gary Offner, head of Nasdaq Ventures, said: “Investing in technology disruptors like Caspian that align with our business interests in improving the transparency of markets everywhere is one of the core objectives for our venture efforts.”
“One feature that is critical to the health and integrity of the financial industry is detecting, mitigating, and managing fraudulent and criminal behavior. Caspian has been at the forefront of this process through its forward-thinking technology leadership and we believe their offering greatly improves the regtech ecosystem for banks and regulators, and ultimately the consumer. We are excited to align our investment interests with our business mission to jointly strengthen the fight against financial crime through our collaboration with Caspian.”
Scaling up business
The fresh capitals will be utilized to accelerate Caspian’s product expansion and to scale its AML Investigator, its flagship platform.
The two companies will also join forces for R&D in developing more sophisticated products for detecting financial crimes.
“Caspian’s proven solution solves a huge pain point in the industry, dramatically increasing analyst productivity and resulting in meaningful cost-savings for bank compliance teams,” Chris Brannigan, CEO at Caspian, said. “Our Machine Learning Machine Learning Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Read this Term technology is validated through production use at global financial institutions, making risk decisions that are fully explainable and regulator friendly. Through the investment and partnership with Nasdaq, we are excited to expand our offering at a global scale.”
Nasdaq Ventures, the investment arm of Nasdaq, has purchased a minority stake in Caspian, a UK-based financial crime investigation Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term company.
Announced on Tuesday, the market technology arm of Nasdaq also inked a partnership deal with Caspian, supporting the growth of the business within the Financial Crime business verticals.
Commenting on the move, Gary Offner, head of Nasdaq Ventures, said: “Investing in technology disruptors like Caspian that align with our business interests in improving the transparency of markets everywhere is one of the core objectives for our venture efforts.”
“One feature that is critical to the health and integrity of the financial industry is detecting, mitigating, and managing fraudulent and criminal behavior. Caspian has been at the forefront of this process through its forward-thinking technology leadership and we believe their offering greatly improves the regtech ecosystem for banks and regulators, and ultimately the consumer. We are excited to align our investment interests with our business mission to jointly strengthen the fight against financial crime through our collaboration with Caspian.”
Scaling up business
The fresh capitals will be utilized to accelerate Caspian’s product expansion and to scale its AML Investigator, its flagship platform.
The two companies will also join forces for R&D in developing more sophisticated products for detecting financial crimes.
“Caspian’s proven solution solves a huge pain point in the industry, dramatically increasing analyst productivity and resulting in meaningful cost-savings for bank compliance teams,” Chris Brannigan, CEO at Caspian, said. “Our Machine Learning Machine Learning Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Read this Term technology is validated through production use at global financial institutions, making risk decisions that are fully explainable and regulator friendly. Through the investment and partnership with Nasdaq, we are excited to expand our offering at a global scale.”