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A startup that uses artificial intelligence to stop banks dealing with terrorists raised $8.2 million

A "RegTech" startup that helps banks and insurance companies vet potential clients has raised $8.2 million (£6.7 million) to expand to the US. London-based ComplyAdvantage has raised the sum from top European venture capital fund Balderton. The money will be put towards opening a New York office and expanding into the US. ComplyAdvantage uses machine learning and artificial intelligence technology to help finance firms do legal checks on clients to make sure they're not breaking any rules by dealing with them.
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