Making It Work: AI data compliance start-up lands €1.3m funding boost
Summary
Altada uses artificial intelligence and machine learning to help clients such as Rocktop, which handle high volumes of information, to manage due diligence and regulatory compliance. When they’re buying high-value portfolios, they would use our technology to conduct intricate due diligence processes on each loan book.” Beechinor said Altada would enter “full commercial mode” in 2020. “We’ve just onboarded a strategic partner in London, so we will be opening an office there as well.” Altada signed another strategic partnership earlier this month with Beta Digital, a digital transformation company with offices in Dublin and London. The move followed the acquisition last year of Spearline Risk and Compliance, which Altada has since rebranded as Beacon AI, a sister company led by Parker specialising in data privacy. Before we set up Altada, I’d worked for years as a ‘gun for hire’, coming into different companies in CTO roles and building technologies and architectures,” he said.