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Shield raises $20m in Series B funding

Tel Aviv and New York based communication and compliance platform for financial institutions raised $20m in Series B funding led by Macquarie Capital and UBS Next.

“There is an immediate market need for more advanced surveillance solutions to allow financial institutions to meet new regulations and fight financial crime,” Weitzman said. “Understanding that regulators will continue in this strict enforcement period, and that banks will not be halting usage of communication channels as work from home is now permanent.”

Tags

compliance, banking