‍Affinity Joins AFC to Bring Standardized Compliance Training to the Fintech Industry

New York, NY (November 7, 2024) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced Affinity as its newest member. Affinity, a leading compliance training platform tailored for the financial services industry, is dedicated to addressing the learning management needs of fintech companies, banks, and other regulated tech companies from growth-stage to large enterprises.

“Fintech companies and banks are innovating and growing rapidly, and with that growth comes an increasing need for standardized and efficient compliance solutions,” said Phil Goldfeder, Chief Executive Officer of AFC. “As the bridge between these organizations and regulators, AFC recognizes the importance of ensuring full compliance without stifling responsible innovation. We are thrilled to welcome Affinity as a key partner in helping meet regulatory requirements while continuing to drive the industry towards a more transparent, inclusive, and customer-centric future.”

Affinity is revolutionizing the way bank sponsors and fintechs build a preventive compliance program to reduce the occurrence of costly mistakes. Bank sponsors can use the platform for free to help standardize training and reporting across their fintech portfolio while fintechs benefit from a platform that integrates with their tech stack, like integrating with Slack tools. Affinity’s comprehensive solution includes workflow management tools, customizable content, and robust data reporting capabilities to streamline the compliance process and reduce the inefficiencies caused by manual tracking and ineffective training methods.

“Compliance training is often seen as a burden, but it doesn’t have to be,” said Faraz Rana, CEO and founder of Affinity. “At Affinity, we’ve built a platform that not only simplifies and improves the entire experience but also solves for the other half of the compliance puzzle – how to stop those costly mistakes from happening in the first place. Our partnership with AFC reinforces our commitment to transforming how the fintech industry approaches compliance.”

A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative banks offering embedded finance solutions. AFC’s mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.

About Affinity

Affinity is a modern compliance training platform founded by former fintech compliance officers and technologists and built specifically for bank sponsors and the fintech industry. More information can be found at www.itsaffinity.com.

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