New York, NY, September 12, 2022 - We are thrilled to announce Sigma Ratings closed our Series A financing led by Mosaik Partners to further scale intelligent relationship risk management and help our clients navigate increasing regulatory, geopolitical and reputational challenges.
"Firms are looking for faster, smarter ways to perpetually evaluate customer and third-party risk,” said Stuart Jones Jr., founder and CEO of Sigma. “Doing so helps these firms manage potential downside risk, confidently expand relationships and automate and improve upon existing processes. Our platform answers that need through enriched global data, intelligent and configurable workflows and innovative technical applications that simply outperform legacy approaches."
Sigma Ratings started in 2017 with a mission to create a consolidated and holistic view of risk on every company in the world and in doing so help solve the business problem of trust.
Today, Sigma’s AI-driven risk management solution is well-suited for banks, fintechs and other companies who must comply with Know Your Customer (KYC) and Know Your Customer’s Customer (KYCC) requirements. Sigma’s monitoring technology leverages proprietary machine learning models to detect relevant risk-related events in news media, commonly screened data sets such as sanctions and regulatory filings and uncommonly screened data sets such as bills of lading and corporate registries. The risk-related events that Sigma detects are based on recommendations made by international governing bodies such as the Financial Action Task Force (FATF) and the Wolfsberg Group, as well as guidance from regulators at the national-level.
With the added funding, we plan to build upon a strong product foundation and deliver additional product features that help users make more informed decisions and more intelligently manage risk using all available data.
Since its founding at MIT, Sigma's cloud-based data platform has emerged as the definitive choice for point-in-time risk screening and perpetual client monitoring. Underpinned by thousands of fully integrated and hosted data sources and proprietary resolution, risk extraction and scoring algorithms, the platform can identify and return direct and network-based entity risk at sub-second speeds. Sigma's solutions are used by financial institutions, professional services firms, fintechs and global corporations seeking to consolidate operations into a singular risk intelligence platform and more efficiently manage the entire client lifecycle.
Sigma's platform capabilities include: i) a fully integrated, dynamic data feed of contextualized AML, sanctions, financial crime, geographic and credit-related risk intelligence; ii) a configurable, end-to-end risk screening and investigations platform; and iii) an always-on entity resolution and monitoring view for scalable risk-awareness across global customers, third parties and their associates.
For further information about Sigma, connect with us on LinkedIn and Twitter @sigmaratings. Or email our team at firstname.lastname@example.org.
About Mosaik Partners
Founded by industry operating executives in 2011, Mosaik Partners invests in early-stage B2B fintech companies attacking pain points in financial services. Mosaik actively leverages its operating experience to provide promising entrepreneurs with the resources and know-how they need to achieve success. The firm has made investments in the payments, software, capital markets technology, regulatory technology and AI / big data sectors. Based in San Francisco, the team has a collective 80+ years of operating and investing experience in the financial technology sector.
More information can be found at www.mosaikpartners.com.