InScope
Overview
InScope is a FinTech company specializing in anti-money laundering (AML) and compliance software solutions. Founded in 2017 by Matthew Scerri and Matthew Rizzo, the company is headquartered in Attard, Malta. InScope has gained attention as a significant player in the RegTech industry, offering innovative technologies to enhance financial reporting systems. Despite its rapid growth in reputation, InScope has not yet raised any external funding.
Recent Developments
Recent years have marked notable developments for InScope:
- June 2024: InScope successfully secured $4.3 million to further develop its financial reporting and auditing platform, making strides in automating these traditionally manual processes through advanced AI technologies. The funding was prominently contributed to by investors such as Lightspeed and Better Tomorrow Ventures.
- September 2023: InScope partnered with Regula to enhance AML compliance across Europe. This collaboration aims to strengthen processes in detecting and preventing financial crime.
- April 2025: InScope continued to operate in a highly competitive environment with numerous active competitors. Despite this, the company focuses on building strategic alliances to bolster its market presence.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Attard, Malta |
| Founders | Matthew Scerri, Matthew Rizzo |
| Revenue | Undefined |
| Profits | Undefined |
| Key Investors | None |
| Industry | RegTech |
| Number of Employees | Undefined |
Early History
InScope was established with the aim of addressing growing regulatory challenges in financial markets. The founders, Matthew Scerri and Matthew Rizzo, brought together their expertise to create a platform that effectively manage compliance requirements. Initial operations focused on developing innovative solutions tailored to the needs of financial institutions struggling with manual compliance processes. Building partnerships and enhancing technological capabilities were fundamental in shaping the company's identity and progressive growth.
Company Profile and Achievements
InScope is recognized for its sophisticated compliance software, catering predominantly to the finance sector. The company has carved a niche in:
- Offering software solutions designed to streamline AML and compliance tasks using cutting-edge technology like generative AI.
- Facilitating partnerships that expand their technological reach and reinforce compliance frameworks across different jurisdictions.
- Maintaining a competitive edge by emphasizing innovation and tech integration.
- InScope employs a business model focused on minimizing manual interventions in compliance processes through automation, thus reducing error rates and compliance costs.
Current Operations and Market Position
InScope operates within the RegTech sector, providing essential services to a wide array of financial entities. The company continues enhancing its platform to deliver greater automation and efficiency. Although unfunded, InScope's strategic partnerships have enabled it to maintain a competitive foothold in the industry. The focus remains on innovation-driven services, aiding financial organizations to comply smoothly with regulatory norms.
Conclusion
InScope plays a pivotal role in the RegTech industry by leveraging technology for improved compliance solutions. Although still early in its journey, its focus on innovation and partnerships positions it well for future expansion and industry influence. Looking ahead, InScope aims to become a leading provider of automated compliance systems, aiming to revolutionize traditional financial reporting and auditing processes.