Archer Integrated Risk Management Acquires Risk Management AI Company

Posted February 22, 2024

Last updated 1:39 p.m., February 23, 2024

Overland Park-based Archer Integrated Risk Management has acquired Compliance.ai, an artificial intelligence-driven company, to supplement its compliance initiatives.

The acquisition will aid Archer’s client compliance initiatives with the AI technology to automate monitoring, tracking, reporting, and responding to continually changing regulations in real time, according to a release.

The terms of the deal were not disclosed.

“We’re pleased to welcome Compliance.ai to the Archer family. With this acquisition, we can offer our clients the advantages of real-time updates, predictive analysis, and increased accuracy for regulatory compliance and risk management,” CEO of Archer Technologies, Bill Diaz said in the release “Leveraging the power of AI technology advances our strategy to empower organizations to more effectively manage their entire risk landscape and allows us to propel Archer solutions into a new era of efficiency and foresight.”

San Francisco-based Compliance.ai has around 50 employees and focuses on regulatory change management software monitors regulatory updates and ensures required changes are completed for its clients in banking and insurance industries.

“Joining with Archer, we’re in a leading position to transform compliance into a competitive advantage for highly regulated organizations,” co-founder and chief strategy officer at Compliance.ai, Kayvan Alikhani said in the release. “The benefits of our AI-powered technology and Archer’s unrivaled risk and compliance management solutions is a winning combination for compliance, risk and legal teams worldwide.”