Neotas – a leading provider of online due diligence for the financial services sector – has been selected out of 350 global companies to join ING Labs Brussels.
The London-based company has been chosen to join the innovation accelerator ING Labs Brussels, which will help and support entrepreneurs to further develop their innovative concepts for the financial sector.
Neotas uses powerful search techniques to analyse a company’s or an individual’s ‘digital footprint’ through publicly available information or ‘open sources’, providing advanced insights without invading their privacy.
In recent years, FinTech Village, the accelerator of ING in Belgium, which is now part of the ING Labs, has built up a strong reputation within the financial technology community. This coaching programme set up by ING has already helped around 30 companies to bring new solutions to market faster in the past few years.
Vipul Mishra, CEO and co-founder of Neotas, “We are proud to have been chosen to join ING Labs Brussels this year, during a time we are expanding our operations globally. Our involvement with ING Labs Brussels will provide us with unrivalled access to the knowledge and networks needed to help us scale faster. Our mission is to make online due diligence readily available to all and in today’s digital era, now is the time to disrupt the market.”
Neotas’ intelligence platform is powered by artificial intelligence and the company has partnered with the University of Essex’s Language and Computation Group to help develop their proprietary technology and natural language processing capabilities further.
Neotas are already helping over 80 firms across financial services to protect their reputation, manage risk and comply with the latest regulatory obligations. Clients range from private equity firms carrying out pre-investment checks to banks and institutions which need to comply with anti-money laundering (AML) rules or the Senior Managers & Certification Regime (SMCR).
Click here to view the ING press release.