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Wavecrest and MassMutual Investing in Tier 1 Financial Solutions

Tier 1 Financial Solutions (“Tier 1”), a leading provider of client relationship management (“CRM”) solutions, AML compliance and fraud prevention solutions, is a new equity finance from a group of investors led by Wavecrest Growth Partners (“Wavecrest”). Received. And Mass Mutual Ventures.

This latest Tier 1 investment will help facilitate the next generation of connections between compliance workflows and customer experiences. This enables Tier 1 clients to efficiently, cost-effectively and reliably deliver an integrated end-to-end journey to their customers.

“We are very excited to continue working with long-trusted partners at Wavecrest and Mass Mutual Ventures. Their increased investment is not only support for Tier 1 but also innovation in AML compliance and CRM solutions. It also shows the company’s commitment to stay ahead of the curve, “said Jiro Okouchi, CEO of Tier 1 Financial Solutions.

The Tier1 Financial Solutions product suite includes two dedicated CRM solutions in addition to the Alessa AML compliance and fraud prevention solutions. Tier 1 CRM for sell-side capital markets and Satuit for buy-side asset management and wealth management companies.

Eric Emmons, Managing Director of Mass Mutual Ventures, commented on the fast-growing Alessa compliance product: The industry needs to be prepared to properly protect its customers. It includes a single service for identity verification, customer due diligence, real-time transaction monitoring and screening, but improves the operation of the KYC with a range of advanced analytics features such as anomaly detection and robustness. is needed. Automated regulatory reporting. “

Tier 1 has completed one of the most successful years in 13 years of history. In January, we acquired Alessa, a provider of compliance and AML solutions for banks, credit unions, money services business (MSB) and fintech. And in April, we acquired Satuit Technologies to expand our global CRM footprint in the asset management sector. These acquisitions were added to the company’s original product for the capital markets, Tier 1 CRM, and continue to grow with a net profit of 104% this year.

Wavecrest and MassMutual Investing in Tier 1 Financial Solutions

Source link Wavecrest and MassMutual Investing in Tier 1 Financial Solutions

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