Leader in AI-powered risk decisioning, Oscilar brings cutting-edge fraud prevention, credit decisioning, and AML compliance solutions to the AFC's roster of innovative fintech companies

Oscilar joins a dynamic group of industry leaders committed to promoting responsible innovation, enhancing financial inclusion, and maintaining robust consumer protection standards

Palo Alto, CA (August 7, 2024) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Oscilar as its newest member. 

Oscilar, the developer of a groundbreaking no-code, AI-powered Risk Decisioning Platform, is revolutionizing how financial institutions manage fraud, credit, and compliance risks. They will join a rapidly growing group of responsible innovators collaborating to serve consumers while maintaining the highest standards of safety and security.

"In today's rapidly evolving financial landscape, the ability to make accurate, real-time risk decisions is crucial for both protecting consumers and fostering innovation," said Phil Goldfeder, Chief Executive Officer of the American Fintech Council. "Oscilar's AI-powered platform is transforming how financial institutions approach risk management, from fraud prevention and credit decisioning to AML compliance. We are thrilled to welcome Neha Narkhede and her team, adding their innovative voices to our collective effort in shaping the future of finance."

Oscilar's comprehensive platform enables fintech companies, banks, and financial institutions to automate and enhance their risk decisioning processes across multiple domains. Their solution integrates fraud detection, credit decisioning, and AML compliance into a unified, no-code risk platform, allowing risk teams to create and modify decisioning workflows without relying on engineering resources.

"At Oscilar, we're committed to providing financial institutions with the tools they need to make smarter, faster risk decisions," said Neha Narkhede, CEO and Co-founder of Oscilar."Our platform leverages advanced AI and machine learning to analyze vast amounts of data in real-time, identifying patterns and anomalies to detect fraud, optimize credit assessments, and ensure regulatory compliance. By joining the American Fintech Council, we look forward to collaborating with other industry leaders to promote responsible innovation and help shape policies that will drive the fintech industry forward."

Oscilar's cutting-edge features include real-time transaction monitoring, automated KYC/KYB processes, account takeover prevention, and AI-powered AML risk management for both fintechs and sponsor banks. The platform's ability to integrate hundreds of data sources through a single API and its use of generative AI for case analysis and reporting set it apart in the industry.

A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative BaaS banks. 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 Oscilar:

Oscilar is the leading provider of AI-powered risk management solutions, empowering financial institutions to manage fraud, credit, and compliance risks effectively. At the heart of Oscilar's offerings is a no-code, AI-powered risk decisioning platform that analyzes vast amounts of data in real-time, identifying patterns and anomalies to detect fraud, optimize credit assessments, and ensure regulatory compliance. Developed by the team behind industry-leading risk management platforms at companies like Google, Facebook, Uber, and LinkedIn, Oscilar's solution enhances decision-making speed and accuracy, ensuring high security and regulatory compliance. Oscilar serves abroad array of organizations, including fintechs, banks, credit unions, and financial institutions, helping them navigate complex risk landscapes with confidence and stay ahead in the rapidly evolving financial services ecosystem.