Best Startup
The compliance industry has blossomed in the UK, especially in the startup scene. With stricter regulations and growing demands for transparency and accountability in various sectors, businesses are increasingly relying on compliance solutions. The London-based startups we will highlight today, all established in 2020 or later, are leveraging technology to simplify, streamline, and automate the compliance process in diverse sectors.
In the past, many compliance processes were manual, making them time-consuming and prone to human error. However, these promising startups are using everything from Artificial Intelligence to blockchain technology to ensure that businesses remain compliant with the necessary regulations. In addition, this new generation of compliance-focused startups also offer solutions that mitigate risks and manage financial crimes.
London, being a global financial hub and a growing hub for startups, is the perfect place for these innovative compliance-focused businesses. The supportive ecosystem, availability of talent, and proximity to potential customers make it an excellent location for startups. Let’s explore ten London-based startups that are making waves in the compliance industry.
Cable
Founded by Katie Savitz and Natasha Vernier, Cable is a leader in automated financial crime assurance, a critical area in compliance and risk management. Their technology provides real-time assurances and alerts about financial crime breaches, enabling businesses to respond immediately. Check them out on LinkedIn.
Soveren
Launched by Andrew Zhulin, Dima Zhulin, and Peter Fedchenkov, Soveren provides a solution for companies to regain control over their sensitive data. This groundbreaking tech startup uses its proprietary technology to automate critical data protection tasks, effectively reducing the probability of data breaches and fines. Follow them on LinkedIn.
ComplyCube
ComplyCube, founded by Mohamed Alsalehi and Tarek Nechma, provides an efficient solution to identity verification and Anti-Money Laundering (AML) and Know Your Customer (KYC) processes. Their solution is flexible, cost-effective and tailored to meet the needs of businesses. Follow them on LinkedIn and Facebook.
RequirementONE Group
RequirementONE, established by Martin Gorm Pedersen and Helen Dann, helps organisations utilise locked content by transforming them into actionable data. It offers solutions for compliance, risk management and project management, among others. Follow them on LinkedIn.
Tend Legal
Tend Legal offers legal services to startups and entrepreneurs, primarily focusing on compliance and regulatory standards. Find out more about their services on LinkedIn and Facebook.
Croftz
Croftz, founded by Amit Sahni, is a RegTech firm with a SAAS platform designed to provide compliance, risk and transaction screening services leveraging blockchain technologies.
Food Portal
Food Portal is a software provider specialising in food safety compliance. They ensure that food manufacturers adhere to safety standards. You can connect with them on LinkedIn and Facebook.
Fortuna FX
Fortuna FX operates in the financial services segment, focusing on compliance and risk management. You can find them on LinkedIn.
Edmund Group
Edmund Group provides strategic advisory services focused on compliance and risk management. Their services include regulatory training sessions and risk control assessment workshops. They are present on LinkedIn.
Holistic AI
Founded by Adriano Koshiyama and Emre Kazim, Holistic AI focuses on the intersection of artificial intelligence and compliance. Check them out on LinkedIn.
Nossa Data
Founded by Irina Dumitrescu and Julianne Sloane, Nossa Data focuses on environmental, social, and governance [ESG] technology to improve ESG performance of organizations. They are on social platforms like LinkedIn.
The above are just a handful of the Compliance-based startups that got their start in London in 2020 or later. They represent the city’s vibrant startup scene as well as London’s reign as a significant hub for compliance solutions. The rich ecosystem, talent pool, and robust demand for their services offer promise of a bright future for these businesses and their field.
