FundApps and SteelEye announced a merger, combiningtheir expertise to build an all-in-one compliance platform. The integrationaims to reshape how financial firms manage compliance by merging tradesurveillance, data analytics, monitoring, and reporting into a singularsolution. This integrated approach offers clients a moreautomated, transparent, and unified way to handle the growing complexity ofregulatory demands worldwide.Bridging Gaps in Compliance with a Unified PlatformFundApps specializes in compliance monitoring andregulatory reporting, tracking assets worth trillions of dollars acrossmultiple jurisdictions. SteelEye focuses on trade and communicationssurveillance, using advanced algorithms to detect risks like marketmanipulation.Together, the two companies intend to eliminate thefragmentation caused by multiple disconnected systems. Their joint platformwill provide end-to-end coverage of the compliance lifecycle, offering clientscontinuous oversight and control.The merger is supported by an additional equityinvestment from FTV Capital, which had earlier invested in FundApps.Representatives from FTV Capital have joined the FundApps board of directors,underscoring their commitment to the combined entity.Backed by Strategic Investment and Expanding GlobalReachThe enlarged company will serve approximately 350clients, including banks, asset managers, hedge funds, and commodities firms,spread across 18 countries. With offices in London, New York, Singapore, India,and Portugal, the group anticipates combined annual recurring revenue nearing£50 million.While financial terms were not publicly disclosed,advisory support for SteelEye came from Perella Weinberg Partners.The combined platform is designed to monitor andanalyze trades, communications, orders, news, and market data to providecomprehensive insights. Both companies leverage cloud-based technology andregulatory expertise to help clients reduce risk, proactively manage regulatory changes, and maintain compliance integrity at scale.FundApps brings experience in monitoring over $30trillion in assets, while SteelEye has developed algorithms that proactivelydetect compliance breaches. Their integrated model aims to enhance automationand transparency, addressing regulatory challenges more efficiently.Expect ongoing updates as this story evolves.This article was written by Jared Kirui at www.financemagnates.com.