Finic

Finic provides AI-powered agents designed to automate back-office workflows for financial institutions. Their solution replaces manual processes traditionally handled by business process outsourcing (BPO) providers, delivering significant cost savings—over 90%—while improving accuracy and efficiency.

The AI agents developed by Finic are capable of handling complex standard operating procedures (SOPs) that may involve hundreds of steps. These agents can intelligently navigate unexpected situations, ensuring that even intricate or variable workflows are managed effectively. Every action and decision made by the AI is documented, providing full auditability and transparency for compliance and operational oversight.

Finic's platform is built with security and trust in mind, being SOC 2 and ISO 27001 compliant. Their AI agents can be deployed across various functions such as risk management, compliance, operations, and fraud investigation. For example, in fraud detection, Finic's AI surfaces relevant information from both internal and external data sources, enabling investigators to make informed decisions within minutes of receiving a fraud alert.

By automating these critical processes, Finic empowers banks and fintechs to operate more efficiently, reduce operational costs, and respond faster to challenges like fraud, all while maintaining high standards of security and compliance.