veradat

Veradat is a Mexico City-based RegTech company founded in 2022 that operates a privacy-friendly collective intelligence-sharing platform designed to combat financial crime in the banking sector. The company enables financial institutions to securely share information from private watchlists to detect and prevent fraud, money laundering, and terrorism financing without compromising client confidentiality or data privacy regulations. The platform creates a decentralized solution that forms a virtual information cloud between autonomous organizations, allowing banks to access critical background information about potential and existing clients that would otherwise remain undetected across the fragmented financial ecosystem. Key features include risk assessment requests on potential customers, delta alerts that notify institutions when an existing client is added to another member's watchlist, encrypted messaging capabilities, real-time data sharing, and a privacy-by-design framework. Veradat was founded by prominent compliance and legal experts, including the former Chief Compliance Officer of BBVA México, and is led by CEO Arturo Rangel. The company is headquartered at Calzada General Mariano Escobedo 595 in Miguel Hidalgo, Mexico City, and employs between 11 and 50 people. Veradat has raised approximately $2.67 million in venture capital funding and has successfully launched a pilot program with Mexico's top four banks. The company serves financial institutions seeking to strengthen their anti-money laundering (AML) and counter-terrorism financing (CTF) compliance programs while enhancing their ability to identify bad actors operating across multiple institutions.