US private equity firm HCS Capital Partners has backed Chilean RegTech Ceptinel with a $1m initial investment.
The deal marks the third investment of 2018 for HCS, which focuses on InsurTech, FinTech and HealthTech opportunities in the United States and South America.
Founded in 2016, Ceptinel specialises in providing financial institutions a range of tools to monitor and adhere to regulatory and compliance requirements. The company uses Complex Event Processing (“CEP”) and Machine Learning to satisfy a variety of complex institutional needs including Risk Management, Automated Audit, Market Abuse (i.e. AML ) and many other compliance and risk related activities.
It claims its technology transmits data securely, at ‘industry leading speeds’ with on-site or cloud-based installation options. Using BI technogoly, users can create unique alerts, bespoke automation and reports.
In a testimonial to the company, Julio Correa, executive director at UDD Ventures, said: “Ceptinel has a huge potential impact in the finances industry. Here in UDD Ventures we believe that they can change the way in which compliance departments work and grow to be an unprecedented success.”
HSC’s portfolio also includes Portendo Analytics, a US- and France-based company specialising in designing and implementing large scale & high-performance machine learning platforms. The company has experience in financial services, digital marketing, e-commerce and industrial processes.
The private equity firm’s previous investments also include We Technologies, an IoT firm specialised in monitoring industrial processes. WeTech created a platform to interface with the IoT devices, analyse the produced data and generate recommendations to plant managers regarding risks and optimization opportunities.
According to a recent research report from FinTech Global, companies in South America, Australasia and Africa, increased in deal share from 1% in 2014 to 7.2% in 2017. This highlights the spreading geographic range of the RegTech industry as it matures.
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