On regtech and BaaS enforcement actions with Castellum.ai

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Castellum.ai is a NYC-based and AI-enabled financial compliance solution. The platform compiles sanctions data, registers of politically exposed persons, export controls, and other crucial information to ensure compliance with financial enforcement and sanctions frameworks. Founded in 2019, Castellum.ai has raised more than $4.5M in venture funding, including a Seed round in 2023 that saw investment from Spider Capital, Remarkable Ventures, Newfund, and Cameron Ventures. 

Onsite at Fintech Meetup, The FR met with Peter Piatesky, Co-Founder and CEO of Castellum.ai. Piatesky outlined: 

  • Why sanctions frameworks are more existentially threatening to a fintech than fraud; 

  • The regulators Castellum.ai interfaces with to ensure compliance; 

  • The implications of recent BaaS enforcement actions for regtech platforms; 

  • How crypto wallets are increasingly subject to regulatory oversight; and

  • The contours of Castellum.ai’s 2024 roadmap