Fintech PR
WorkFusion and Advanced Financial Solutions, Part of the MDS SI Group, Partner to Drive AI Digital Worker Growth in the Middle East
Partnership leverages local expertise to expand financial crime fighting AI to banking and financial institutions in the region
NEW YORK and DUBAI, UAE, Sept. 12, 2024 /PRNewswire/ — WorkFusion, a regtech company specializing in AI agents that fight financial crime, today announced that it has entered into a go-to-market partnership with Advanced Financial Solutions, a company within the MDS SI Group, a technology partner with a network of 60 companies across 11 countries. The strategic partnership will help accelerate the adoption of WorkFusion’s AI Digital Workers for anti-money laundering (AML) and anti-financial crime throughout the Middle East.
Advanced Financial Solutions will leverage its on-the-ground expertise, market knowledge, and regional infrastructure to introduce and establish WorkFusion’s AI agents within the region’s burgeoning financial services sector. WorkFusion’s AI Digital Workers automate document-heavy and laborious work and align with actual job roles in financial crime compliance organizations like adverse media and sanctions screening alert review, transaction monitoring, and KYC. Organizations can “hire” an AI AML analyst for a very specific job role to augment the team, improve program efficiency and mitigate risk.
“Working together with Advanced Financial Solutions, we will introduce our AI Digital Workers to banks and financial institutions throughout the Middle East,” said Adam Famularo, CEO of WorkFusion. “AI holds the promise to shape the anti-financial crime compliance industry in the region. By incorporating AI agents as a core component of their compliance programs, banks and financial institutions will be able to leapfrog over the historical challenges that plague AML programs in other parts of the world – establishing a true blueprint for modern anti-financial crime compliance operations.”
Comprised of more than 2,600 employees who have partnered with the largest firms in the world, MDS SI Group excels at providing a deep bench of expertise, local infrastructure, and successful execution. MDS SI Group’s experience in delivering advanced IT products and solutions to their customers has benefited their clients for over 40 years.
Juan Jarjour, Managing Director at Advanced Financial Solutions said “the demand for artificial intelligence-based solutions in the Middle East is growing fast and the banking sector is fast adopting new AI based technologies to significantly enhance the automation of the growing regulatory requirements related to risk & compliance management. With the introduction of WorkFusion Digital Workers solutions in the Middle East, we aim at supporting our clients in improving automation with a technology that has fast return on investment, and a proven ability to support financial institutions in their digital transformation journey.”
“At MDS System Integration Group, we are committed to leveraging cutting-edge technology to drive business excellence and innovation. Our partnership with WorkFusion through our affiliate Advanced Financial Solutions, allows us to bring advanced AI solutions to the financial sector in the Middle East, enhancing compliance and efficiency. This collaboration underscores our dedication to providing unparalleled expertise and local infrastructure to our clients, ensuring they remain at the forefront of digital transformation and financial crime prevention.” — Gaby Matar, EVP, MDS System Integration Group
About WorkFusion
WorkFusion, Inc. is a leading regtech company and the creator of AI Digital Workers purpose-built to fight financial crime and support regulatory compliance. Its AI agents are knowledge workers that augment existing teams in functions like anti-money laundering, sanctions screening alert review, customer onboarding, KYC, and transaction monitoring. WorkFusion’s AI solutions are technology controls that mitigate risk, solve talent challenges, increase workforce capacity, save money, enhance employee and customer experience, and improve compliance posture.
More about MDS SI Group
MDS System Integration Group, is an experienced and agile Digital Systems Integrator that analyses, assists, and accelerates business growth with a team of 2,600+ professionals, holding over 1,400 technology and 250+ service delivery certifications, and serving a diverse clientele of more than 5,000 customers.
MDS SI Ranked #1 by IDC on “IT Services revenues across several countries in the GCC”.
The Group holds 60 affiliates across the Middle East and Turkey with presence in 11 countries and 18 cities, effectively driving digital and business sustainable transformation across enterprises and industries.
MDS SI, part of Midis Group, is committed to driving business excellence by utilizing world-class technology solutions, backed by the most powerful ecosystem.
Media Contact: Jessica Cassady, [email protected]
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Fintech PR
Stax Appoints Peter Rodrigues-Renon as Director to Lead EMEA Value Creation Practice
NEW YORK, Jan. 9, 2025 /PRNewswire/ — Stax LLC, a global strategy consulting firm specializing in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks, is pleased to announce the appointment of Peter Rodrigues-Renon as a Director, leading the EMEA Value Creation practice in the London office. Peter brings extensive expertise in driving value creation through the alignment of strategy, commercial insights, and operational execution.
“His proven ability to define, quantify, and implement actionable value creation plans will enhance Stax’s capabilities to deliver measurable, sustainable results for its clients,” said Vince Zosa, Managing Director, Value Creation. “Peter will drive our growth in three critical areas: expanding our European capabilities in strategy, commercial excellence, and pricing, while building on our proven success in supporting our clients’ portfolio companies; leading Stax’s international expansion to meet the increasing global needs of our private equity clients; and leveraging his deep expertise in technology—particularly in digitalization, AI, and tech-enabled growth—to advise our clients on unlocking transformational value.”
Peter’s career includes leadership roles at EY-Parthenon, Alvarez & Marsal, and PwC, where he built a track record of delivering impactful results for private equity and corporate M&A initiatives. He has led complex buy-side transactions, including multi-territory integrations, carve-outs, and public-to-private transitions. His expertise spans multiple sectors, with a particular focus on technology and software, business services, and consumer markets.
“It is a privilege to join Stax at such an exciting time,” said Peter Rodrigues-Renon. “The opportunity to scale Stax’s proven US capabilities in the UK and EMEA markets is unique and energizing. Stax’s data-driven, action-orientated mindset aligns perfectly with my approach. I focus on bridging strategy with operational execution to help private equity clients unlock the full potential of their investments. By operating at the intersection of strategy and operations, I deliver impactful, sustainable results while collaborating closely with management teams to drive success.”
Phil Dunne, UK Managing Director, highlighted the significance of Peter’s appointment. “Peter’s combination of strategic insight, operational expertise, and deep sector knowledge makes him an outstanding addition to the team. His entrepreneurial mindset, coupled with his experience in delivering value creation strategies, aligns perfectly with Stax’s culture and commitment to client success. Peter’s leadership will play a key role in accelerating our growth and delivering best-in-class outcomes for our clients in the UK and beyond.”
Stax’s London office has rapidly expanded to support growing demand from private equity firms and portfolio companies across EMEA. The addition of Peter Rodrigues-Renon reinforces Stax’s commitment to delivering transformative value creation strategies, combining local expertise with global resources to meet the evolving needs of its clients.
About Stax LLC
Stax LLC is a global management consulting firm serving corporate and private equity clients across a broad range of industries including software/technology, healthcare, business services, industrial, consumer/retail, and education. The firm partners with clients to provide data-driven, actionable insights designed to drive growth, enhance profits, increase value, and make better investment decisions. Please visit www.stax.com and follow Stax on LinkedIn, Instagram, Threads, and Facebook.
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Fintech PR
Stanton Chase Announces Board Changes for 2025
Çağrı Alkaya Named Global Chair in Leadership Transition
LONDON, Jan. 9, 2025 /PRNewswire/ — Çağrı Alkaya, Managing Partner of Stanton Chase London and former Board Member and Vice Chair, Regions, has been elected as Global Chair of the Board at Stanton Chase, succeeding Kristof Reynvoet.
Panos Manolopoulos, Managing Partner at Stanton Chase Dubai and Greater China, will assume the role of Global Vice Chair, Regions, vacated by Çağrı Alkaya.
The Board will maintain its strong foundation of leadership with continuing members and Global Vice Chairs, Bernardita Mena Aldunate (People Excellence), Ken Nimitz (Finance), and Tom Christensen (Practice Groups), whose expertise and experience will continue to be assets to the organization.
“The past years have been an incredible journey,” said Kristof Reynvoet. “Working alongside such talented colleagues and watching our organization grow from strength to strength has been the highlight of my career. I can’t think of anyone better suited than Çağrı to lead us into our next chapter.”
“I’m truly honoured to take on this role,” said Çağrı Alkaya. “Kristof has been a wonderful colleague, leader, and friend to many of us. Building on our work of the past two years, we’ll continue to focus on what matters most—our people, our clients, and the collaborative spirit that makes Stanton Chase special.”
“We certainly have exciting plans for Stanton Chase,” added Alkaya. “We will continue to provide best-in-class services for our clients, emphasizing our values, purpose-driven culture, and commitment to exceptional client satisfaction. I want us to grow—both organically and through smart partnerships—but always with purpose. That means working hard to deliver excellence for our clients, driving our business forward, finding exceptional talent both for our clients and our own teams, and enhancing our operational excellence. Most importantly, we’ll keep building on the culture that makes us special. In my 18 years here, I’ve seen that when you combine real teamwork with hard work and match strong governance with shared values, you create something remarkable.”
The appointments are effective January 2025.
About Stanton Chase
For over three decades, Stanton Chase has been at the forefront of corporate leadership, providing unparalleled support to our clients. As a top-ranked global retained executive search and leadership advisory firm, with over 70 offices in 45 countries, we take pride in being more than just leadership service providers; we are your trusted partners in leadership.
Press Contact
Russell Kalam, Stanton Chase, [email protected]
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Fintech PR
Levine Leichtman Capital Partners to Invest in Zero100 in Partnership with Management
LONDON, Jan. 9, 2025 /PRNewswire/ — Levine Leichtman Capital Partners (“LLCP”), a global private equity firm, announced today that it has agreed to make a growth investment in Zero100 Community Limited (“Zero100” or the “Company”) in partnership with its Founders and the existing management team. Terms of the transaction were not disclosed.
Zero100 is the leading cross-industry research and intelligence company that connects and provides strategic advice to global operations and supply chain leaders from a range of leading global businesses including Nike, Walmart, Unilever, Pfizer, Google, Honeywell, Volvo Cars and many others. Clients use the Company’s peer networking, data, research and advisory services to shape their global supply chain strategies and accelerate progress on long-term digitization and sustainability initiatives. Headquartered in London, UK, and founded in 2021, the Company has over 50 employees, with offices in London and New York.
Zero100 will continue to be led by Co-Founder and CEO Olly Sloboda and the existing management team.
Olly Sloboda commented, “Our partnership with LLCP comes at a very exciting stage for Zero100 and I am immensely proud of what our team has invented on behalf of customers. LLCP’s proven track record of supporting entrepreneurs and their deep experience in information services will help accelerate our vision of revolutionizing the supply chain intelligence market. We look forward to working closely with the LLCP team to build on Zero100’s substantial momentum.”
Josh Kaufman, Partner and Head of Europe at LLCP, said “We are delighted to partner with Olly and his management team. They have built a very impressive business, and we are thrilled to join them on the next phase of growth. Zero100 is uniquely positioned to support their clients in addressing their board-level supply chain objectives, driven by rising trade complexities and increasing technological innovation. We are excited to support the Company through this next chapter of growth.”
Zero100 will be the eighth investment of Levine Leichtman Capital Partners Europe II, SCSp. Across its funds, LLCP has invested extensively in the data, information services and supply chain space, including investments in Skill Dynamics, AGDATA, Law Business Research, and CreditInfo.
LLCP was advised by PwC (financial & tax), Willkie Farr & Gallagher (legal) and Simon Kucher (commercial).
Management was advised by Raymond James (M&A), Hogan Lovells (legal), Eight Advisory (financial) and Deloitte (tax).
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.
LLCP’s global team of dedicated investment professionals is led by 10 partners who have worked at LLCP for an average of 20 years. Since inception, LLCP has managed approximately $15.6 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $10.0 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.
Contact: Isabel Moon, [email protected]
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