Fintech Fintech Funding News

Foreside Acquires ICSGroup

Foreside Acquires ICSGroup

Foreside Financial Group, LLC (“Foreside”), a provider of governance, risk management, and compliance service and technology offerings to clients in the global asset and wealth management industry, today announced that it has acquired the regulatory compliance business of Integrated Compliance Solutions Group (ICSGroup), a regulatory compliance services firm serving the asset management industry in the US and Africa, with an emphasis on private funds and emerging managers.

Read More: New Study Finds 70% of Consumers Would Leave Their Bank For One That Properly Identifies Themselves When Calling

“When assessing any of the acquisitions we’ve made, quality of client service and industry expertise are top considerations”

Founded in 2008 and based in Hartford, Connecticut, ICSGroup has helped its clients adhere to regulatory requirements and industry standards by developing and managing robust compliance programs, effectively managing regulatory issues, and providing operational due diligence to instill confidence in their investors and increase their access to capital.

Read More: DRC Enters Gartner Magic Quadrant for P&C Core Platforms

“When assessing any of the acquisitions we’ve made, quality of client service and industry expertise are top considerations,” said Dave Whitaker, President of Foreside. “ICSGroup fulfills these ideals, and we’re excited to have the opportunity to work alongside them. From a strategic standpoint, this acquisition puts us in a great position, despite the unprecedented times in which we’re operating, to continue executing on our overall growth strategy across client types.”

“We are thrilled to be joining the Foreside family and think we’ve found the perfect partner to accelerate our firm’s technology capabilities to meet the growing needs of our clients, while providing the personalized service they expect,” said Medina K. Jett, Founder & President of ICSGroup. “We remain committed to the relationships we’ve built over the last twelve years and believe they will immediately benefit from Foreside’s unparalleled combination of customized, industry leading services delivered through modern regulatory technology platforms.”

Read More: First Regulated DeFi Project KingSwap Raises $20 Million in Funding and Liquidity Support, Announces Public Launch on Uniswap

Related posts

Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

Reserve Bank of Australia Partners with Commonwealth Bank, National Australia Bank, ConsenSys & Perpetual on Wholesale CBDC Project

Fintech News Desk

Flywire Expands Digital Education Payments Business in Latin America

Fintech News Desk
1