Bretton AI raises $75 million to use AI to combat financial crime

Early in his career, Will Lawrence worked on the product team at Facebook focused on anti-money laundering. The former PayPal president David Marcus had been brought in to help kickstart the payments initiatives company-wide, including through WhatsApp launches in India and Brazil. But Lawrence quickly learned that the main roadblock was the decidedly unsexy compliance work of making sure the product was adhering to local “know your customer” provisions and fraud prevention. 

After working...