Latest news with #Eloshvili
Business Insider
11-07-2025
- Business
- Business Insider
Strengthening UK Ties: ComplyControl Becomes Associate Member of UK Finance
ComplyControl, a provider of cutting-edge AI-driven solutions for banks and financial institutions, is excited to announce that it has officially become an Associate Member of UK Finance, the leading trade association for the UK financial services sector. ComplyControl made its entry into the UK market in 2024, with a clear mission of making regulatory compliance more accessible for all financial organizations through AI-driven solutions. In just a year, the company has achieved tremendous progress, having been named a finalist in the UK Startups 2025 ranking and recognized in both the AITech35 2025 and FinTech50 2025 lists by TechRound. Becoming part of UK Finance is yet another major milestone and a clear sign of the trust ComplyControl has built within the industry. UK Finance represents over 300 firms and represents the centre of the UK's financial services sector. The association's members work together to enhance trust and expertise across this landscape. Having now also become a part of this effort, ComplyControl aims to ensure that the UK remains a safe, innovative, and responsible global leader in finance. 'Achieving our membership in UK Finance marks an important step forward in our journey to reshape compliance,' — said Roman Eloshvili, Founder of ComplyControl. 'We look forward to collaborating with industry leaders and bringing our solutions to more financial market players across the UK. Together, we can help shape a safer financial ecosystem for tomorrow.' ComplyControl's team fully shares UK Finance's values of integrity, excellence, and leadership. The company is committed to driving innovation and setting new standards for the quality of services and best practices for the industry. Its vision is to reduce the barriers to effective compliance by leveraging AI and modern technologies, helping financial institutions of all sizes manage risks and stay ahead of ever-evolving regulatory demands. 'We're thrilled to be joining forces with UK Finance and its network, equipping financial firms in this region with the technologies and expertise they can use to better protect their customers and remain competitive in an increasingly complex landscape,' — added Mr. Eloshvili. "We are delighted to welcome ComplyControl to our Associate Membership at UK Finance. Our Associate Membership is open to organisations that support the financial services industry and enhance our work and benefit our members. We look forward to working collaboratively with their team through various events and thought leadership where they can share their expertise" Jason Cole, Director Associate Membership & Strategic Partnerships. ComplyControl is a UK-based provider of AI-driven services that improve risk management and ensure regulatory compliance for financial organizations of all sizes. The company specializes in AI-powered solutions that make compliance faster, smarter, and more cost-effective. From automated transaction screening against sanctions lists to real-time fraud detection and behavioural analysis, our tools help banks reduce manual workloads and stay resilient against financial crime.
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."
