New regtech set to innovate the approach on risk and compliance challenges

The company has promised to bring enhanced efficiency, reduced costs, and improved customer satisfaction in the face of ever-increasing industry wide risk and compliance demands. Founded in 2021, GSS uses artificial intelligence and machine learning technology to streamline transaction and information processing. With an initial and immediate focus on sanctions compliance, the business is developing a full suite of offerings to assist global financial services institutions to meet evolving regulatory obligations, manage risk, and increase efficiency. GSS now operates as a standalone company with approximately 120 financial services and technology experts currently engaged in the new company's activities. To date this team has worked alongside over thirty financial institutions, payment infrastructure providers and international regulatory bodies across the globe to bring its initial sanctions screening service to market, culminating in a recently announced partnership with SWIFT, the global provider of secure financial messaging services.