Sedric monitors the communications of employees at financial institutions to ensure compliance

Quick Summary:

According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws.

For financial institutions, complying with regulations is becoming a costlier proposition.

The new cash will be put toward growing the firm’s go-to-market and R&D teams “significantly” in NYC and Tel Aviv, Lazink said, and brings New York-based Sedric’s total raised to $22 million.

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Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United StatesOman

Topics: Enterprise Funding Generative AI Fundraising Startups Startup Compliance Finance AI Fintech Sedric

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 11:00:00 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1517 words

Reading Time: 9 minutes read

Sentences: 61 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22373991

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