Tuum, a leading next-generation core banking platform, is proud to announce its partnership with ComplyAdvantage, a leader in financial crime intelligence. This strategic partnership leverages Tuum’s API-first approach to integrate best-of-breed complementary solutions, ensuring that financial institutions can meet their unique needs effectively and efficiently with a modern solution, providing advanced tools to detect and prevent financial crimes seamlessly.Delivering Modern, Best-of-Breed SolutionsTuum’s API-first and cloud-native architecture enables seamless integration with top-tier technology solutions. While this partnership with ComplyAdvantage helps financial institutions quickly adapt to regulatory changes and improve their compliance posture, Tuum also integrates with other best-of-breed solutions to deliver a comprehensive end-to-end proposition beyond core capabilities. By partnering with ComplyAdvantage, Tuum expands its platform’s capabilities to offer robust, real-time financial crime detection and compliance solutions. This partnership underscores Tuum’s commitment to providing comprehensive, region-specific solutions that are deployed quickly and address the complex regulatory requirements of the financial industry.Tuum clients will gain access to an array of sophisticated compliance solutions, including:Real-Time AML Screening : Automated, real-time monitoring to swiftly identify and report suspicious transactions.: Automated, real-time monitoring to swiftly identify and report suspicious transactions. Holistic Risk Assessment : Utilizing AI and machine learning for comprehensive risk evaluation and actionable insights.: Utilizing AI and machine learning for comprehensive risk evaluation and actionable insights

ComplyAdvantage, a financial crime intelligence firm, has acquired Golden, a San Francisco-based company known for automating the construction of large knowledge graphs. This acquisition enhances ComplyAdvantage's AI and machine learning capabilities, providing more comprehensive, real-time financial crime risk insights. The deal also expands ComplyAdvantage's presence in North America and adds Andreessen Horowitz to its group of investors, which includes Goldman Sachs and Ontario Teachers’ Pension Plan.

ComplyAdvantage is set to acquire knowledge engine builder Golden Recursion to enhance its financial crime risk management tools. The acquisition will integrate Golden's advanced data extraction techniques into ComplyAdvantage's offerings and expand its U.S. presence. Golden, which has developed a large knowledge graph and raised nearly $60 million from investors including Andreessen Horowitz, will see its CEO Jude Gomila join ComplyAdvantage as a board observer and advisor. Andreessen Horowitz will become a top shareholder in ComplyAdvantage.