Kharon, a research and data analytics platform focused on global security threats, has received an undisclosed strategic investment from Barclays.
The platform gives firms around the world with critical intelligence and analytics on customers, supply chains, investments and risk areas to reduce risk.
Kharon CEO Matthew Epstein said, “From risk and compliance teams seeking to strengthen KYC and screening processes; to technology providers keen to examine every stage of their supply chain; to investors looking to assess a company’s long-term performance; Kharon supports companies in a wide range of industries around the world.
“This diverse client base coupled with our ground breaking technology platform has given us the strongest of foundations on which to continue to build.”
The RegTech’s ClearView solution, a client can search the names of individuals, entities or other identifier data to determine if the subject is involved with a sanctioned actor. This software can help with KYC, supply chain and customer due diligence, and other investigative needs.
Barclays head of compliance services Mark Gibbins said, “Having worked with Kharon for some time, we are pleased to be strengthening our relationship through this strategic investment. The investment demonstrates Barclays’ commitment to managing compliance requirements by utilizing data to enhance our technology and analytics solutions.
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