Sedric.ai

Today we’re announcing the raise of $18.5M in Series A funding for Sedric, led by Foundation Capital with Amex Ventures joining as an investor. It’s a humbling milestone for our team and an important step in our mission to transform how companies in financial services manage risk and drive growth. With the industry's first compliance-dedicated LLM, our AI-driven platform is enabling the world’s top financial compliance teams to automate workflows, streamline processes, and drive business growth. This round of funding will help us continue to deliver on our commitment to build industry-leading compliance technology and set a new standard for end-to-end compliance management. This announcement is also an opportunity to express our gratitude - to our clients and partners who have shared our vision and to the phenomenal Sedric team who has worked tirelessly to make it happen. We’re just getting started! 🚀 Read more about the raise and our journey in the first comment. #FinTech #AI #Compliance #FundingNews

Today we’re announcing the raise of $18.5M in Series A funding for Sedric, led by Foundation Capital with Amex Ventures joining as an investor. It’s a humbling milestone for our team and an important step in our mission to transform how companies in financial services manage risk and drive growth. With the industry's first compliance-dedicated LLM, our AI-driven platform is enabling the world’s top financial compliance teams to automate workflows, streamline processes, and drive business growth. This round of funding will help us continue to deliver on our commitment to build industry-leading compliance technology and set a new standard for end-to-end compliance management. This announcement is also an opportunity to express our gratitude - to our clients and partners who have shared our vision and to the phenomenal Sedric team who has worked tirelessly to make it happen. We’re just getting started! 🚀 Read more about the raise and our journey in the first comment. #FinTech #AI #Compliance #FundingNews

Voice analytics, like those from TEC Solutions Member Sedric.ai can significantly improve patient communication within your healthcare organization. By analyzing call data, you can refine your strategies to ensure empathy and clarity, leading to higher patient satisfaction and recovery rates. Learn more at: https://lnkd.in/eE5ga_N2 #HealthCareTEC #TECServicesGroup #DataEnrichment #AccountsReceivable #PatientBilling #ManagedServices #ManagedServicesProvider #RevenueCycleManagement

As an AI-powered compliance platform, we flag compliance issues all the time. But today, we're celebrating a different kind of flag - the one with stars and stripes. Wishing you and yours a happy Independence Day! #IndependenceDay #FourthOfJuly #Happy4th

We're honored to be named one of the Most Promising Fintech Startups of 2024.🏆 Our growing team is committed to helping fintech and financial services organizations streamline their entire compliance function so they can grow their businesses while protecting their brands and clients. This latest honor is a testament to our dedication to building the leading AI-driven compliance platform in the industry! 🚀 #innovation #compliance #teamwork #AI #financialservices #lending

Easter blessings to you and your family. #HappyEaster

More than 73 million Americans (20%+) have bills in collections, a stark reminder of the challenges facing financially stressed people and collections professionals. Yet, only about 10% of debt collection agencies currently leverage AI to support overburdened individuals and drive better outcomes. AI opens up a vast opportunity for account recovery firms ready to embrace technology to transform their operations. If your agency is among the 60% planning to integrate AI into your debt collection processes, our team is here to support you. Learn more: https://lnkd.in/eHptdDwQ #debtcolleciton #compliance #AIfintech #financialservices #smartcompliance #compliancematters #AIdebtcollection Joann Needleman Clark Hill Law

According to Bank Director's 2024 Risk Survey:  - Over three-quarters of executives and directors now express heightened concern over regulatory risks, a notable increase from 66% last year.  - 39% view the evolving regulatory compliance requirements as a strategic challenge, up from 28% previously. Our team works closely with financial services firms to address regulatory risks with our AI-driven compliance platform, helping them grow their business while adapting to new rules seamlessly. Learn more: https://lnkd.in/e_5AZbBM #Compliance #SmartComliance #FinancialServices #AI #Fintech

The UK's Financial Conduct Authority is launching a joint effort with three other watchdogs to further scrutinize debt collection practices. The finance regulator urged companies — including broadcasters and utility providers — to make sure that indebted customers are not targeted with too much communication. The FCA wants companies to use supportive language, clearly signpost-free debt advice, and make it easy for debt advisers to contact them on behalf of clients. #FCA #DebtCollection #FInancialRegulation #ConsumerProtection

A recent S&P Global Market Intelligence analysis reveals that banks engaged in BaaS were subject to 13.5% of severe enforcement actions by federal regulators in 2023. This shift in focus by the regulatory highlights the need for fintechs to align with partners with their business objectives AND prioritize compliance. #Fintech #RegulatoryCompliance #BaaS #AI #FinancialServices #TechInnovation #RegTech