Partnership with Neotas

RNS Number : 6816C

KRM22 PLC

19 June 2019

 

KRM22 plc

("KRM22", the "Group" or the "Company")

KRM22 announces partnership with Neotas

KRM22 plc, (AIM: KRM:L) the technology and software investment company, with a particular focus on risk management in capital markets, today announces that it has signed a partnership with Neotas Ltd. The partnership agreement allows KRM22 to distribute and support Neotas's enhanced due diligence application through the Global Risk Platform.

Neotas provides enhanced due diligence and online reputation screening on individuals and firms to identify conduct risk, prevent financial crime and to comply with the latest regulatory guidelines including SMCR and AML. Using machine learning and natural language processing, Neotas searches all open web sources including social media platforms, online chatrooms, legal records and deep and dark web sources.

Keith Todd, Chairman and CEO at KRM22, commented: "Our partnership with Neotas delivers further ways for our customers to reduce the cost and complexity of risk management through the Global Risk Platform. We can now provide firms with cost effective ways to address their operational and reputational risk throughout hiring processes, background checks including politically exposed persons as part of KYC enhanced due diligence requirements and to support the SMCR's mandatory due diligence requirements of a person's honesty and integrity as part of the Fit and Proper assessment."

Ian Howard, Co-founder of Neotas, commented: "Our solution is scalable and designed to complement existing processes in light of regulatory change. We are delighted to announce our partnership with KRM22 to provide greater availability of the solutions that are helping firms evidence compliance, protect their brand reputation, and mitigate their risk. "

For further information please contact:

Keith Todd, Chairman and CEO                                                                      [e-mail]

Kim Suter, Head of Finance

finnCap Ltd (Nominated Adviser and Sole Broker)                                                      [phone]

Carl Holmes / Kate Bannatyne / Matthew Radley - Corporate Finance

Alice Lane / Sunila de Silva - ECM

About us:

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

About Neotas:

Neotas is an online due diligence company that specialises in interrogating social media, the deep and dark web, to help mitigate people risk and inform business decisions. Working with a number of clients across financial services, from asset managers to insurance companies, Neotas provide enhanced due diligence and online reputation checks to Risk & Compliance and HR practitioners. By providing deeper insights into the people they hire, the customers they onboard, and the businesses they engage with, Neotas are setting new standards in due diligence.

 

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