US-based fintech company, Steward, has raised $5M to expand its reach in the AML market. The company currently manages compliance processes across $100B in assets under management, a figure that indicates significant institutional traction. The platform automates investor onboarding, KYC (know your customer), KYB (know Your Business), and VAT (know-your-business) processes across the US, UK, and EU. The firm's pitch is that a purpose-built AI layer that understands investment management structures can close this gap.