Novatus: The Revolutionary Platform Transforming Data Management in the Financial Industry
Banks, investment firms, and financial services providers have long been criticized for their lack of transparency. The financial crisis of 2007 revealed the inherent risks and complexities within the global banking system, leading to a major shift in how data is handled across the industry. Novatus, a startup founded by risk specialists Andrew Hedley and Matthew Ranson, is on a mission to address the challenges of complex data management under increasingly stringent regulations.
Novatus's flagship product, En:ACT, is a SaaS platform designed to help companies manage their data for risk and compliance reporting. With a focus on automation and technology, Novatus aims to streamline data management processes and ensure compliance with ever-changing regulatory requirements. The startup has already secured 30 major clients, including MUFG, NatWest Group, and Revolut, and recently raised $40 million in Series A funding led by Silversmith Capital Partners.
In a post-financial crisis world where regulatory regimes have become more strict and manpower is limited, Novatus's technology-driven approach presents a compelling solution. By combining automation with human expertise, the company is poised to revolutionize data management practices in the financial industry. With plans to expand into new markets and invest in technology, Novatus is well-positioned to drive innovation and efficiency in the ever-evolving financial landscape.