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Non-Profit Foundation
close-the-gap.org

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Investments

1

Partners & Customers

5

About Close The Gap

Close the Gap is an international non-profit organisation that aims to bridge the digital divide by offering high-quality, pre-owned computers donated by large and medium-sized corporations or public organisations to educational, medical, entrepreneurial and social projects in developing and emerging countries. All the projects are demand-driven and share the common denominator of being non-profit-oriented initiatives.

Close The Gap Headquarter Location

Pleinlaan 5

Brussels, 1050,

Belgium

+32 (0)2 614 81 60

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Latest Close The Gap News

NetReveal Enhancements Help Close the Gap Between Evolving Digital Risk and Compliance

Sep 24, 2021

09/24/2021 | 04:01am EDT Message : *Required fields BAE Systems Applied Intelligence is adding market leading enhancements to its NetReveal Compliance Solution Suite to help organisations remain compliant in the complex and evolving money laundering and terrorist finance ecosystem. As the regulatory landscape shifts towards a more expansive view of banking responsibility, which encompasses cybersecurity, human trafficking and cryptocurrencies, BAE Systems is enhancing NetReveal and supporting services to provide financial institutions with agile solutions designed to adjust to these changing demands. “Our expertise in protecting financial institutions against changing threats lies in understanding criminal threats and risk regardless of the format, entity or industry,” said Peter Fisher, Product Director for Financial Services. “As compliance moves to encompass evolving digital criminality, we use connected data and collaboration to help banks address their ever-expanding remit of responsibility.” The latest enhancements in NetReveal encompass both product-based adaptability to augment existing compliance solutions and features to help organisations ensure compliance in an evolving criminal and regulatory landscape. Features include: Built in Criminal Offenses Scenario Library: NetReveal’s AML Transaction Monitoring solution includes an added detection library of modern typologies and payment types including human trafficking and mobile payments Automated false positive reduction by an additional ~55%: Using a custom combination of machine learning and intelligent automation, NetReveal features Intelligent Event Triage for AML TM, CDD/KYC, Sanctions, PEP and Negative News, and Transaction Filtering. Additionally, NetReveal’s “Weighted Words” understands and assesses name variances, factoring in nicknames, financial terms and synonyms to further refine alert results and reduce false positives by between 53 - 55%1 Smart, integrated 3rd party data speeds up investigations: With Dun & Bradstreet data automatically integrated into NetReveal, customer onboarding includes deep risk checks, at the click of a button Augment your compliance investment: NetReveal’s “Build your own Algorithm” uses intelligent analytics to enable users to create a copy, edit locally and apply custom algorithms to their own scenarios. Adding to NetReveal’s Advanced Analytics Platform (AAP), Custom Data Fields takes advantage of the rich set of profiles and defines specific fields that are more predictive of suspicious behaviour in an organisation. NetReveal’s AAP works alongside existing models/rules to identify unexpected suspicious events that existing rule-based detection would miss About BAE Systems Applied Intelligence At BAE Systems Applied Intelligence, we help nations, governments and businesses around the world defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations. For further information about BAE Systems Applied Intelligence, please visit www.baesystems.com/financialservices About NetReveal NetReveal is a single, integrated platform for anti-money laundering compliance and fraud prevention enabling Financial Institutions to benefit from lower total cost of ownership across their compliance and fraud teams with a single solution. A comprehensive range of compliance and counter-fraud solutions can be deployed individually or collectively. 1 Based on internal post-processing tests View source version on businesswire.com: https://www.businesswire.com/news/home/20210924005027/en/ © Business Wire 2021

Close The Gap Investments

1 Investments

Close The Gap has made 1 investments. Their latest investment was in BeCentral as part of their Seed on October 10, 2018.

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Close The Gap Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/11/2018

Seed

BeCentral

$0.33M

Yes

1

Date

10/11/2018

Round

Seed

Company

BeCentral

Amount

$0.33M

New?

Yes

Co-Investors

Sources

1

Close The Gap Acquisitions

2 Acquisitions

Close The Gap acquired 2 companies. Their latest acquisition was CTG Circular on September 05, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/5/2019

Acquired Unit

2

9/3/2019

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$99M

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10

Date

9/5/2019

9/3/2019

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired Unit

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Sources

2

10

Close The Gap Partners & Customers

5 Partners and customers

Close The Gap has 5 strategic partners and customers. Close The Gap recently partnered with TES on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/19/2021

Partner

TES

Singapore

TES Partners With Close The Gap To Help Bridge The Global Digital Divide

The partnership between TES and Close the Gap represents an extension of that foundation and furthers our commitment to global corporate social responsibility . ''

1

7/16/2021

Partner

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10

9/10/2019

Partner

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10

11/3/2015

Partner

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10

6/5/2015

Partner

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10

Date

7/19/2021

7/16/2021

9/10/2019

11/3/2015

6/5/2015

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

TES

Country

Singapore

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News Snippet

TES Partners With Close The Gap To Help Bridge The Global Digital Divide

The partnership between TES and Close the Gap represents an extension of that foundation and furthers our commitment to global corporate social responsibility . ''

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Sources

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10

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10

10

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