Kharon, the research and data analytics company focused on global security threats and other controversies that impact global commerce and finance, announced that Barclays has become a strategic investor in the business, joining Equity Group Investments, and other institutional and private equity investors.
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Kharon’s offerings for trade, regulatory and financial crime compliance are recognized as industry leading and the news underscores its shared commitment with Barclays to innovation and data-driven intelligence.
Mark Gibbins, Head of Compliance Services, Barclays, said: “Having worked with Kharon for some time, we are pleased to be strengthening our relationship through this strategic investment. The investment demonstrates Barclays’ commitment to managing compliance requirements by utilizing data to enhance our technology and analytics solutions.”
Kharon’s regtech solutions provide firms across the globe with unmatched, critical intelligence and analytics on their customers, supply chains, investments, and risk areas. The result is reduced risk, realized efficiencies and the creation of value.
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Matthew Epstein, CEO, Kharon, said: “We are delighted to welcome Barclays as a strategic investor. Barclays’ move from client to partner and now to investor, reflects our shared belief in the broad industry and geographical applicability of Kharon’s technology, analytic products and expertise.”
He added: “From risk and compliance teams seeking to strengthen KYC and screening processes; to technology providers keen to examine every stage of their supply chain; to investors looking to assess a company’s long-term performance; Kharon supports companies in a wide range of industries around the world. This diverse client base coupled with our groundbreaking technology platform has given us the strongest of foundations on which to continue to build.”
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