Ancoris Advises GSS
Ancoris Advises GSS
About the transaction
Ancoris acted as the exclusive financial advisor to GSS in completing an equity investment from the Commonwealth Bank of Australia (“CBA”). This investment is GSS’ third equity financing completed by Ancoris.
About the Company
Global Screening Services (“GSS”), is a regulatory technology platform company that provides sanctions screening and compliance services to financial institutions.
GSS was formed by consulting firm, AlixPartners, after being approached by numerous leading banks and industry suppliers to create a solution that would redefine the way the financial industry screens transactions and payments.
For more information, please visit
GSS website https://www.gss-rose.com/
Banks play a critical role in combating financial crime and protecting their customers, the community and integrity of the financial system. We’re excited about the potential of GSS with its global reach and look forward to seeing how CBA can potentially utilise this technology to continue to prevent sanctioned parties from accessing and moving money into or out of Australia, whilst also speeding up the millions of international payments for our customers.
John Fogarty, Executive General Manager Financial Crime Compliance, CBA
Investment
Ancoris secured an equity investment for GSS from the Commonwealth Bank of Australia. In addition to its investment, the Commonwealth Bank of Australia formed a valuable strategic partnership with GSS.
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