Bretton AI Gets $75M to Use AI for Financial Crime Compliance
AI Summary
Bretton AI has raised $75 million for scaling AI solutions in anti-money laundering and KYC compliance; the technology aims to reduce manual investigations and improve auditability.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. The information is relevant for all credit unions but not specifically Texas CUs.
Original Content
AI Agents Target Anti-Money Laundering at Major Global Banks, Cut Manual Probes Bretton AI has raised $75 million in Series B funding led by Sapphire Ventures to scale AI agents for anti-money laundering sanctions and KYC compliance. CEO Will Lawrence says the company is targeting large banks with automation designed to reduce manual investigations and improve auditability.