Complify to Bridge Compliance Gaps with AI-Driven Solution for Fintech

[Richmond, 22.05.2024] – Complify, an innovative AI-driven compliance platform, is transforming the landscape for financial institutions, credit unions, community banks, and fintech companies.

Leveraging next-generation AI and automation, Complify provides a streamlined, comprehensive solution that addresses the complexities and inefficiencies of traditional compliance management.

Despite significant technological advancements, compliance departments within financial institutions struggle to handle the avalanche of manual, repetitive processes and fragmented systems. This results in increased operational costs, inefficiencies, and higher risks of non-compliance. Since the pandemic, the cost of non-compliance has surged by 45%, with penalties for AML and KYC deficiencies reaching $5 billion in 2022.

Complify addresses these challenges head-on by consolidating disparate data sources into a unified, coherent compliance view. The platform seamlessly integrates new data with existing systems, enhancing inter-departmental collaboration and increasing operational transparency. Complify’s native AI and Robotic Process Automation (RPA) capabilities transform isolated tasks into a cohesive, efficient process, shifting the focus from increasing personnel to enhancing technology.

"Complify is the next-generation 'ServiceNow' for compliance," said Miguel Zepeda, CEO and Co-Founder of Complify. "Our platform orchestrates silos within financial institutions, providing a purpose-built solution with an integrated ecosystem and global SaaS design."

Complify has received a grant from Startup Virginia, recognizing its potential to revolutionize compliance management.

Key features of Complify include:

- For Fintech: Easy onboarding, flexible plans, and customized reporting support business growth without the need for additional headcount.
- For Financial Institutions: A highly reliable case management platform that offers accurate analysis and reporting.
- Digital Assets: Compliance with basic KYC/AML requirements, enabling the launch and automation of compliance functions without increasing personnel.

"Complify is designed to tackle the big problems in compliance," added Enzo Vicidomini, Complify's CTO and Co-Founder. By blending AI and RPA with everyday processes and reporting, we help institutions achieve a higher level of efficiency and security in their compliance operations."

Complify’s dynamic and experienced team is led by Miguel Zepeda, a three-time fintech executive with over 15 years of experience in operations, products, and partnerships, and Enzo Vicidomini, a seasoned technologist with extensive experience in building products and solutions for startups and corporates.

Miguel’s background includes top-management positions at Payactiv and Brinks Money, as well as executive education from Stanford Graduate School of Business. Enzo has held roles as a Software Engineer in Applied Blockchain and Solution Architect at Comcast, and successfully completed VC Due Diligence, Venture Capital & Private Equity Executive Program at Columbia Business School.

About Complify:
Complify is an AI-driven compliance platform that provides next-generation solutions for financial institutions, credit unions, community banks, and fintech companies. Headquartered in Richmond, USA, Complify leverages AI and automation to transform compliance management, ensuring efficiency, security, and operational transparency.

For more information, please contact:
Complify
contact@complifynow.com