RiskScout Secures Funding for Rapid Growth in Financial Crime Prevention
News related to:RiskScout · 2 min read
AUSTIN, Texas, Sept. 28, 2026 /CourierPR/ -- RiskScout, an integrated BSA/AML and fraud prevention platform for banks and credit unions, has secured new funding, led by LiveOak Ventures. The investment will help the company continue its rapid growth and support financial institutions in their fight against financial crime.
The latest funding round comes after a year of explosive growth for RiskScout. The company reported a more than threefold increase in revenue and a 250% growth in the number of banks and credit unions it serves. This expansion includes institutions ranging from community banks with under $100 million in assets to those managing more than $10 billion. The company anticipates this growth trajectory to continue through the remainder of 2026.
RiskScout was founded by former BSA officers and bank examiners to address the gap between BSA/AML compliance and fraud prevention. Its single platform integrates these two critical areas, offering intelligent automation and AI-driven agents to reduce compliance overhead and prevent fraud losses in real time. By automating alert investigation, customer risk profiling, enhanced due diligence, and SAR and CTR filing preparation, RiskScout helps financial institutions operate more efficiently.
To keep up with this demand, RiskScout has also expanded its team, adding former BSA officers, compliance specialists, and fraud examiners with firsthand regulatory and investigative experience. The company plans to use the new investment to further develop its intelligent automation and AI-driven agents, deepen integrations with core banking providers, and bring its platform to more financial institutions.
RiskScout's comprehensive BSA/AML and fraud prevention platform is designed to empower financial institutions to prevent fraud losses and protect their communities while improving profitability. By leveraging deep industry expertise and seamless data integrations, the company aims to help institutions operate more efficiently and effectively. The platform brings BSA/AML compliance and fraud prevention together, integrates with core banking providers, and replaces outdated, disconnected tools many institutions rely on.
Through intelligent automation and AI-driven agents, RiskScout lowers compliance overhead by automating some of the most time-intensive work in financial crime operations, including alert investigation, customer risk profiling, enhanced due diligence, and SAR and CTR filing preparation. This automation helps institutions prevent fraud losses in real time, reducing the burden on compliance teams and improving overall operational efficiency.
The investment from LiveOak Ventures, Castle Creek Launchpad, the Bankers Helping Bankers Fund, Alloy Labs, Brue2, and C3 Ventures will enable RiskScout to continue its growth and support a wider range of financial institutions. The company's focus on reducing manual work, unlocking new deposit streams, and ensuring regulatory compliance, all without increasing headcount, positions it well to meet the challenges facing the financial sector.
In summary, RiskScout's recent funding round and rapid growth underscore the increasing importance of robust BSA/AML and fraud prevention solutions in the financial industry. As financial institutions face mounting pressure from rising fraud losses and regulatory scrutiny, platforms like RiskScout are becoming essential tools for maintaining operational efficiency and community safety.