Parcha

Parcha - for compliance teams that never rest. (made with Sora 2)

𝗛𝗲𝗮𝗿 𝘁𝗵𝗲 𝗯𝗲𝗵𝗶𝗻𝗱-𝘁𝗵𝗲-𝘀𝗰𝗲𝗻𝗲𝘀 𝘀𝘁𝗼𝗿𝘆 𝗼𝗳 𝗵𝗼𝘄 𝗦𝘁𝗿𝗶𝗽𝗲 𝗮𝗰𝗾𝘂𝗶𝗿𝗲𝗱 𝗕𝗿𝗶𝗱𝗴𝗲, 𝗮 𝘁𝘄𝗼 𝘆𝗲𝗮𝗿 𝗼𝗹𝗱 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗳𝗼𝗿 𝗼𝘃𝗲𝗿 𝗼𝗻𝗲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗱𝗼𝗹𝗹𝗮𝗿𝘀... I'm hosting a fireside chat with Zach Abrams next week where he'll share why he founded Bridge, why he thinks stablecoins are finally going mainstream and what it was really like be acquired by Stripe for over a billion dollars! This fireside chat will be hosted at Kindred Ventures next Thursday at 5pm. RSVP here 👉 https://luma.com/cq5l2k8v

🚨 �?𝗮𝗷𝗼𝗿 𝗕𝗦𝗔/𝗔�?𝗟 𝗿𝗲𝗳𝗼𝗿𝗺 𝗶𝘀 𝗰𝗼𝗺𝗶𝗻𝗴 𝗮𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝘁𝗼 𝗹𝗲𝗮𝗱𝗲𝗿𝘀 𝗳𝗿𝗼𝗺 𝗙𝗶𝗻𝗖𝗘𝗡, 𝗢𝗖𝗖 𝗮𝗻𝗱 𝗙𝗗𝗜𝗖... I just listened to what felt like a pivotal panel at the ACAMS Assembly in Las Vegas, and the message from regulators was crystal clear: BSA/AML reform isn't just coming—it's already underway under the new administration. James Martinelli, Associate Director of FinCEN, made a crucial distinction that everyone in compliance needs to understand: regulation changes (unlike guidance) give legal certainty. That's huge for financial institutions that have been navigating murky waters for years. The specifics that were discussed: - CTR and SAR thresholds are under active review - Aggregation requirements are being reconsidered - Even the forms themselves are getting overhauled 𝗧𝗼𝗼 𝗴𝗼𝗼𝗱 𝘁𝗼 𝗯𝗲 𝘁𝗿𝘂𝗲? It's reasonable to be skeptical, given how slow-moving regulators can be, but we've already seen some big changes in the last few months: - FinCEN allowed TIN collection from third parties vs. directly from customers this summer—a clear signal of listening to the market and positive for reducing customer friction - Reputational risk guidance—the main driver behind widespread debanking—is being removed across all regulatory agencies on the panel. - The request for comments on the GENIUS Act isn't bureaucratic theater—they actually want industry input. 𝗧𝗵𝗲 𝗺𝗼𝘀𝘁 𝗻𝗼𝘁𝗶𝗰𝗲𝗮𝗯𝗹𝗲 𝗰𝗵𝗮𝗻𝗴𝗲? Everyone's on the same page for once. It feels like one of those rare alignment moments where all the regulators recognize the need for more flexibility (without introducing more risk) and are actually acting on it. This is a hugely positive signal and should create some relief for bank and fintech compliance teams, who are often overwhelmed with what usually feels like regulatory busywork, rather than actually preventing financial crime. What changes are you hoping to see in BSA/AML programs?

𝗪𝗵𝘆 𝗲𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗽𝗶𝗹𝗼𝘁𝘀 𝗮𝗿𝗲 𝗼𝘃𝗲𝗿𝗿𝗮𝘁𝗲𝗱 𝗮𝗻𝗱 𝘄𝗵𝗮𝘁 𝘄𝗲'𝗿𝗲 𝗱𝗼𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝗶𝘁... Last Wednesday, I was on a panel with Steve Jang from Kindred Ventures and Haya Sridharan from Chicory, talking about AI agents in enterprise. When Steve asked what's overrated in AI agents today, I said enterprise pilots. This may sound counterintuitive, but let me explain what I actually mean... I'm not saying don't do enterprise pilots. I'm saying if you have the opportunity to sell your product in a more self-serve way, where the user can immediately start getting value without being gated by a long pilot process, that's a massive competitive advantage. Your prospect can test your product within minutes after your first sales call. They can sign up and start using it themselves without lengthy MSAs, contracts, or pilots that drag on for 3-6 months. More importantly, you get immediate feedback on whether the product actually works. Instead of waiting months for a pilot to potentially fail, you know within hours if you're solving their problem. Right now, enterprises across every industry are getting mandates for AI enablement. They're evaluating multiple providers. If you can move fastest, get them onboarded, and show value in hours instead of weeks, you win that deal. That's exactly why we built Agent Hub so compliance teams can create, customize, and deploy AI agents in minutes – and it's not just for startups. It's a way for enterprise companies to test our product without going through lengthy pilots. More importantly, it gives end users immediate access to our AI agents without waiting for gatekeepers in product and engineering. This approach actually works. We already serve S&P 500 and FTSE 250 companies, but this month we closed our first enterprise deal through Agent Hub—a billion-dollar European fintech unicorn. They self-served our product, were happy with the results, and signed a five-figure annual contract through our subscription platform. Another example: Yesterday, we had a team from a public company start testing Agent Hub immediately after I demoed it to them! Another advantage of not gating our product on a pilot is that we're getting tons of helpful feedback in real-time, which is making our product better. Plus, we start generating revenue immediately instead of waiting months if we'd done a traditional pilot with contract negotiations and MSAs. With more fintechs and banks coming to us with the need for an AI solution, we're firm believers that speed always wins. If you're running compliance at an enterprise fintech and want to see results that accelerate your workflows today, try Agent Hub with 1,000 free credits on us - no pilot required.

Big moment for the team. Proud to announce our integration with Uber Eats to embed capital directly into Uber Eats Manager, where restaurant owners manage their day to day operations. This is what the future of finance looks like: simple, fast, and built into the workflow. https://lnkd.in/g-Xz3c99

Hot off the heels of Stripe's Tempo announcement, I'm excited to share that I'll be hosting a fireside chat this month with Zach Abrams . Zach is the Co-Founder and CEO of Bridge, the stablecoin startup recently acquired by Stripe for over one billion dollars. We'll be having a candid behind-the-scenes conversation about what it was like scaling a company from 0 to $1B in less than 2 years, the challenges that the team had to overcome and his vision for stablecoins at Stripe. I've been fortunate to have known Zach for almost a decade, working together at Coinbase and Brex and as an angel investor in Bridge. Zach is one of the sharpest product minds in the fintech/crypto space, and this will be a unique opportunity to learn from over a decade of experience building fintech products. The event will be hosted at Kindred Ventures on September 25th at 5pm. RSVP via this link: https://luma.com/cq5l2k8v

𝗪𝗵𝘆 𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 "𝗔𝗜" 𝗙𝗮𝗶𝗹𝗲𝗱 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 In the last decade, AI has transformed industries worldwide. But in 𝗔�?𝗟 𝗮𝗻𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲, it hasn’t historically lived up to the promise and instead created a lot of skepticism. 𝗕𝘂𝘁 𝘄𝗵𝘆 𝗶𝘀 𝘁𝗵𝗮𝘁? I think it’s because the previous generation of “AI” solutions were really rules-based systems and rudimentary machine learning models. Instead of reducing risk, these systems created new vulnerabilities: �?️ False positives and false negatives �?️ Black-box decisions regulators won’t accept �?️ Audit trail gaps that erode trust �?️ Alert overload that drowns analysts in noise 👉 What’s needed isn’t more fake AI automation, it’s 𝘁𝗿𝘂𝗹𝘆 𝗶𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝘀𝘆𝘀𝘁𝗲𝗺𝘀 that prioritize auditability, explainability, and defensibility. In Part 2 of our series on Agentic AI in Regulated Finance, we explore: ✔️ Where traditional AI broke down in compliance ✔️ Why black-box models don’t work in high-stakes domains ✔️ What Chief Compliance Officers should *actually* look for in AI tools 📖 Read the full article in the link in comments 👇🏽

𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝘁𝗲𝗮𝗺𝘀 𝗮𝗿𝗲 𝗳𝗶𝗴𝗵𝘁𝗶𝗻𝗴 𝗮𝗻 𝗔𝗜 𝗮𝗿𝗺𝘀 𝗿𝗮𝗰𝗲 𝘄𝗶𝘁𝗵 𝗼𝘂𝘁𝗱𝗮𝘁𝗲𝗱 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆. Criminal networks deploy deepfakes and synthetic personas in minutes. They iterate at machine speed, testing new evasion tactics faster than ever. Meanwhile, your analysts still toggle between spreadsheets, manually verify IDs, and cross-reference names across half a dozen disconnected systems. 60-80% of their time gets buried in routine tasks: chasing missing data, reconciling typos, reviewing false-positive alerts. Compliance teams don't have time to investigate risk when they're drowning in day-to-day operations. Read our latest article on how the AML Arms race and where Agentic AI fits in. Link in comments 👇🏽

𝗙𝗮𝗹𝘀𝗲 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝗔�?𝗟 𝘀𝗰𝗿𝗲𝗲𝗻𝗶𝗻𝗴 𝗮𝗹𝗲𝗿𝘁𝘀 𝗮𝗿𝗲 𝗼𝘃𝗲𝗿𝗹𝗼𝗮𝗱𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝘁𝗲𝗮𝗺𝘀 I just spoke with a compliance officer who told me their team spends 6 hours a day reviewing sanction screening alerts. The brutal reality? 90% of them are false positives. 𝗧𝗵𝗮𝘁'𝘀 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝘄𝗵𝘆 𝘄𝗲 𝗻𝗼𝘄 𝗮 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗞𝗬𝗖 𝗔�?𝗟 𝘀𝗰𝗿𝗲𝗲𝗻𝗶𝗻𝗴 𝗔𝗜 𝗮𝗴𝗲𝗻𝘁𝘀 𝗶𝗻 𝗔𝗴𝗲𝗻𝘁 𝗛𝘂𝗯. Here's how our KYC agents work in 3 steps: 1️⃣ Run enhanced due diligence automatically 2️⃣ AI investigates adverse media, PEP status, sanctions + web presence 3️⃣ Get intelligent analysis, not just more alerts to review 🙌🏾 Our individual AML screening template handles the heavy lifting - researching your customer and the screening hit to determine if they are actually the same person. 🚀 Global compliance teams in S&P500 and FTSE250 fintechs are reducing false positives while catching more real risks using Parcha. You can plug in your existing data providers or use our screening partner ComplyAdvantage. Tune the screening criteria to match your risk appetite. Test with sample data to see the difference immediately. Stop drowning in false positives - check out the video below for how to quickly setup an AML Screening agent for KYC.