Beam Solutions

OverviewSuggest Edit

Beam Solutions is a company which develops regulatory technology software designed to provide transaction monitoring. It incorporates advanced machine learning and new data sources in order to provide reduction in false positives, better catch rates, and increased efficiency. The Company's tools are develped banks, credit unions, and fintech customers make the financial system safer and maximize the value and utility of critical compliance resources.

TypePrivate
Founded2016
HQSan Francisco, US
Websitebeamsolutions.com
Employee Ratings5

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Latest Updates

Employees (est.) (Oct 2020)26(-10%)
Cybersecurity ratingAMore

Key People/Management at Beam Solutions

Ben Duranske

Ben Duranske

CEO
Jordan Slack

Jordan Slack

Director of Technology at Independent Financial Partners
Andreas Bayer

Andreas Bayer

CTO
Luis Perez

Luis Perez

Head of Product
Stewart Hauser

Stewart Hauser

Head of Finance
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Beam Solutions Office Locations

Beam Solutions has an office in San Francisco
San Francisco, US (HQ)
847 Sansome St, San Francisco
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Beam Solutions Financials and Metrics

Summary Metrics

Founding Date

2016

Beam Solutions total Funding

$7 m

Beam Solutions latest funding size

$5 m

Time since last funding

2 years ago

Beam Solutions investors

Beam Solutions's latest funding round in November 2018 was reported to be $5 m. In total, Beam Solutions has raised $7 m
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Beam Solutions Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

Beam Solutions Online and Social Media Presence

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Beam Solutions Blogs

Money Laundering in Ozark: Fact or Fiction?

Image source: https://www.whats-on-netflix.com/wp-content/uploads/2018/12/Ozark-Season-3-Netflix-1.jpg WARNING: This article contains spoilers about seasons 1 and 2 of Ozark. The Netflix original series Ozark dramatically depicts the life of Marty Byrde, a financial advisor who slips deeper and deep…

Compliance Remains Critical During Times of Crisis

After the coronavirus was declared a pandemic, FinCEN published a statement encouraging financial institutions to remain alert about malicious or fraudulent transactions. Fraud typically spikes during times of crisis such as natural disasters. FinCEN published an advisory in 2017 describing the new …

Beam Awarded SOC 2 Certification

At Beam, security is of the utmost importance. From inception, we adopted industry best practices for securing customer data and ensuring business continuity in case of events like the current pandemic. To demonstrate our adherence to the most stringent security guidelines and standards, we have wor…

Beam Solutions AML Compliance Software Selected by LendingClub

San Francisco, California – March 4, 2020 – Beam Solutions announced today that it has partnered with LendingClub, America’s largest credit online marketplace connecting borrowers and investors, to provide LendingClub with its new anti-money laundering compliance platform. “LendingClub is dedicated …

FINRA Finds Inadequate AML Programs at Securities Firms

In the anti-money laundering (AML) section of its 2019 report, FINRA noted that it has found deficiencies in the design and implementation of systems and processes to detect and report suspicious activity. Included in the findings: Firms were not tailoring their AML programs for their business, such…

FinCEN Puts Fintechs and Cryptos on Notice

In his speech at the 2019 Money Transmitter Regulators Association Annual Conference, FinCEN Deputy Director Jamal El-Hindi explained that FinCEN is putting significant focus on non-bank financial institutions. “All actors in this space should know that they need to address AML and CFT issues now, n…
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Beam Solutions Frequently Asked Questions

  • When was Beam Solutions founded?

    Beam Solutions was founded in 2016.

  • Who are Beam Solutions key executives?

    Beam Solutions's key executives are Ben Duranske, Jordan Slack and Andreas Bayer.

  • How many employees does Beam Solutions have?

    Beam Solutions has 26 employees.

  • Who are Beam Solutions competitors?

    Competitors of Beam Solutions include Numerix, Veriff and Anyverse.

  • Where is Beam Solutions headquarters?

    Beam Solutions headquarters is located at 847 Sansome St, San Francisco, San Francisco.

  • Where are Beam Solutions offices?

    Beam Solutions has an office in San Francisco.

  • How many offices does Beam Solutions have?

    Beam Solutions has 1 office.