Providing a fraud detection system to Metro Bank is an example of the services this automation software firm provides to financial institutions. Founded in 2003, the company has offices in London, Cape Town, New York and Singapore and its platform is used in over 20 countries. It sells licences for its software to more than 65 clients, including HSBC, Standard Chartered and Deutsche Bank, representing over 3,000 users, while also providing consultancy services. It also works with partners such as EY and fintech firm Finastra, which bundles Xceptor’s software with its products. In 2016, SVG Capital backed a management buyout at Xceptor, after which chief executive Andrew Kouloumbrides, 55, took the helm. SVG sold its stake to CBPE Capital in 2017 for an undisclosed sum. The company achieved profits of £7.9m in 2019, helped by investments into innovative tech such as natural language processing and AI.
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