Ancoris Capital Partners acted as the exclusive financial advisor to Global Screening Services (“GSS”) on a Series A2 equity financing. Notable contributors include AlixPartners, Cynosure Group, and the latest addition, Commonwealth Bank of Australia (“CBA”). CBA joins MUFG as an investor in GSS, reflecting the industry’s recognition of GSS’ potential to transform compliance standards.
“We have worked with Ancoris for over two years now and have completed two successful fundraising rounds, both exceeding expectations. They’ve worked tirelessly across all phases of the process, are accessible at any time of the day or night and are very outcome focused.”
– Tom Scampion, Chief Executive Officer of GSS
In connection with the financing, CBA’s Executive General Manager of Financial Crime Compliance, John Fogarty, will join the Company’s board as an observer. In addition, William Langford, Global Head of Financial Crimes Compliance and Chief Compliance Officer for the Americas at MUFG also serves as a board observer.
GSS’ solutions are poised to revolutionize the sanctions screening process, addressing the delays that currently impact millions of payments, through increasing effectiveness whilst reducing the number of false positives. Committed to improving industry standards through the development of a meaningful tech solution, GSS ultimately envisions driving unprecedented efficiency, accelerating transaction processing, and significantly reducing friction for end customers.
GSS works closely with its Advisory Board, composed by more than 30 global financial institutions. The Advisory Board has been collaborating since 2021 to create a common technology framework and agree on standards for the financial sector.
About GSS
For more information about GSS, please visit: www.gss-rose.com/
About CBA
For more information about CBA, please visit: www.commbank.com.au/
About Cynosure Group
For more information about Cynosure Group, please visit: www.cynosuregroup.com/
About AlixPartners
For more information about AlixPartners, please visit: www.alixpartners.com/
