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A.R.B.J Rajapaksha
A.R.B.J Rajapaksha
Mar 27 2026
38Sri Lankan fintech takes an AI-first approach to compliance data, secures Google Gemini credits to expand across South Asia, and opens a funding round
Dossiers, a Sri Lankan compliance technology company, has won $350,000+ worth of credits from Google’s Gemini product suite, with an initial $100,000 already awarded. The award will enable Dossiers to dramatically expand its proprietary compliance database across South Asia and other emerging markets.
The development comes at a critical time for Sri Lanka, as the country prepares for its 2026 FATF/APG mutual evaluation on anti-money laundering. Central Bank Governor Dr. Nandalal Weerasinghe has warned that failure could return the country to the FATF grey list, with significant implications for international banking relationships and economic recovery.
Dossiers offers three core products for financial institutions: PEP Screening, Sanctions and High-Risk Customer Flagging, and Customer Onboarding. These are powered by a proprietary database built over years of investment, aggregating publicly available information from newspaper archives, government records, company registrations and other open sources. Western data providers lack deep coverage for South Asia and fail to account for local challenges such as naming conventions, where a common name like “Mohomed” or “Perera” generates a high volume of false positives for compliance teams.
“Building high-quality compliance data in emerging markets is a complex, resource-intensive challenge. Our AI-first approach allows us to structure and verify information at scale, and this support from Google significantly accelerates our ability to expand across South Asia and other emerging markets,” said Nisal Periyapperuma, Founder & CEO of Dossiers.
The founding team brings deep expertise in investigative research and data verification, with extensive connections to investigative journalist networks across the region. The team previously built WatchDog, a widely recognised citizen journalism platform in Sri Lanka, reflecting a strong foundation in open-source intelligence and information verification capabilities that underpin the development of high-quality compliance data. Dossiers is already trusted by leading financial institutions in Sri Lanka’s non-banking financial sector, including NDB Wealth Management, NDB Securities, Asha Securities, Sampath Securities, Mercantile Finance and Asia Securities.
The company is currently raising a round of funding to accelerate product development and expand across emerging markets. Banks, NBFIs and any organisation seeking to strengthen compliance screening capabilities are encouraged to engage with Dossiers. The company also welcomes conversations with investors interested in the compliance technology space.
