#United States #Orlando #Compliance Solutions #ActiveComply #Asif Alam

ActiveComply's Strategic Leap: A New Era of Compliance Management

In a significant development for the financial services sector, ActiveComply, a prominent player in digital communication compliance, has recently secured a growth investment from Level Equity. This partnership is designed to bolster ActiveComply's mission to facilitate effective communications compliance for financial institutions like Independent Mortgage Banks, Credit Unions, and Insurers amid growing regulatory challenges. The investment comes at a crucial time when the Federal Reserve's recent interest rate cuts are expected to enhance opportunities within ActiveComply's core mortgage market.

Founded in 2018, ActiveComply has carved a niche for itself by offering essential compliance management solutions tailored to the needs of financial institutions. Its cutting-edge software suite includes tools like SocialShield, WebCompass, and VirtualVerify. These solutions empower organizations to identify and manage unauthorized accounts, ensure compliance with mandatory disclosures, and adhere to critical regulations such as TILA, RESPA, and fair lending laws. With over 130 clients nationwide, many of whom are top-tier mortgage banks, ActiveComply has established itself as a trusted partner for automating digital compliance.

As part of this investment initiative, Asif Alam has been appointed as the new CEO. Alam brings a wealth of experience from his previous role at Compliance.ai, where he led the team in transforming regulatory management processes. His extensive background positions him uniquely to drive ActiveComply’s vision forward.

In his inaugural statement as CEO, Alam remarked, "The financial services landscape is undergoing a seismic shift as digital communications and social media become vital for client interaction. This transformation not only improves engagement but also introduces increased regulatory and reputational risks. ActiveComply stands at a pivotal juncture to help financial institutions navigate these complexities with innovative compliance solutions."

The firm’s co-founders, Rob Nunziata and Mike Prince, expressed enthusiasm about the partnership with Level Equity. They emphasized that this relationship would leverage Level's expertise in funding Software as a Service (SaaS) companies to enhance product innovation and drive growth in existing and new markets. "Welcoming Level Equity as a strategic partner allows us to further our commitment to compliance solutions and better serve our clients' evolving needs," they stated.

Nick Berardo, a Partner at Level Equity, highlighted the growing complexity of the regulatory environment within the financial services sector. He expressed optimism about collaborating with ActiveComply to enhance their client-focused innovations and support Alam’s ambitious vision for growth.

This new development marks a critical milestone for ActiveComply, as it moves to reinforce its role as a leader in digital compliance management, helping financial institutions better protect their brands and streamline compliance processes.

About ActiveComply

ActiveComply differentiates itself through its compliance management platform, which is specially designed for highly regulated financial institutions. Its cloud-based offerings, including SocialShield, WebCompass, and VirtualVerify, enable organizations to effectively manage compliance issues across social media and digital channels. The goal is to minimize regulatory risks, uphold brand integrity, and improve efficiencies in compliance operations. More details can be found on their official website, www.activecomply.com.

About Level Equity

Level Equity is a private investment firm focused on supporting rapidly growing software and technology-enabled businesses. With over $4.5 billion in capital raised, they aim to invest in emerging markets and support companies through various growth phases. More information is available at www.levelequity.com.