ComplyAdvantage, a company renowned for its cutting-edge use of artificial intelligence and machine learning to the study of financial crime risk, said today that it has acquired Golden, a company that specializes in automating the creation of large knowledge graphs for intricate data analysis.

The principal objective of the purchase is to augment ComplyAdvantage's financial crime intelligence capabilities through the use of Golden's advanced natural language processing technology. Through this combination, ComplyAdvantage's platform will be able to aggregate data from more divergent sources, giving clients access to more thorough real-time financial crime risk indicators. The acquisition fortifies ComplyAdvantage's position in North America while also enhancing its technology capabilities. Golden greatly expands ComplyAdvantage's clientele by bringing a large base of US consumers to the table.

ComplyAdvantage provides a 360-degree picture of financial crime risk by using a cutting-edge AI engine to go through a constantly updated database. The feedback loop that gathers customer answers enhances the insights provided and gradually increases the system's efficacy. Conversely, Golden has led the way in data extraction and disambiguation, which will improve ComplyAdvantage's data input layer.

With this purchase, ComplyAdvantage has clearly maintained its momentum, which was bolstered by a large increase in their clientele following a recent investment round headed by Goldman Sachs. This is a calculated move that should capitalize on the complementary technology and areas of expertise that ComplyAdvantage and Golden have to offer.

Supporters of this transaction include Goldman Sachs, Ontario Teachers' Pension Plan, Index Ventures, and Balderton Capital, in addition to Andreessen Horowitz (a16z).

"Our mission at ComplyAdvantage has been to provide our clients with AI-enriched financial crime insights via the best-in-class user experience based on the most interconnected data since the beginning. In that journey, the purchase of Golden is a crucial turning point, according to Vatsa Narasimha, CEO of ComplyAdvantage.

Jude Gomila, the CEO and founder of Golden, who will act as a special adviser and board observer for ComplyAdvantage, continued, "I am excited to combine our skills since I have known Charlie Delingpole, the ComplyAdvantage creator, since 2005. We are building a worldwide team of data professionals by merging the industry-leading data science team at ComplyAdvantage with our seasoned team of AI and large language model (LLM) specialists. I'm convinced that working together, we can revolutionize financial crime risk management for companies throughout the globe.