Advanced AI platform automates compliance workflows to increase efficiencies and streamline regulatory processes for banks and fintechs

San Francisco, CA (March 5, 2025) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Shiboleth as its newest member. Shiboleth, an AI-powered platform simplifying compliance for financial institutions, streamlines back-office compliance and other reviews for financial institutions, creating greater efficiency and giving consumers faster, more responsive service from their lenders. As a member of AFC, Shiboleth joins a group of responsible innovators dedicated to advancing regulatory compliance and transparent, consumer-centric finance to the AFC network.

“Shiboleth is at the forefront of responsible innovation in consumer lending compliance,” said Phil Goldfeder, Chief Executive Officer of AFC. “Their platform offers an efficient and accurate compliance solution to fit today's dynamic regulatory environment and responsibly leverages AI to create new levels of efficiency and transparency for financial institutions and their customers. We are thrilled to have them join the AFC and contribute to shaping the future of financial technology.”

The Shiboleth platform leverages artificial intelligence and natural language processing to automate critical workflows, including complaint management, call monitoring, issue tracking, and marketing material reviews. By automating 90% of back-office compliance tasks, Shiboleth significantly reduces costs and frees up valuable resources, enabling institutions to improve efficiency while enhancing regulatory compliance. Designed to empower compliance teams, Shiboleth provides access to true source materials and enables human oversight at every step, ensuring final decisions remain in their control.

“We built Shiboleth because we know that trusted, effective regulatory compliance is the foundation for scaling innovation,” said Esty Scheiner, CEO of Shiboleth. “Joining AFC is a significant step for us, as it amplifies our ability to help banks and fintechs navigate regulatory complexities with clarity and precision. By filling critical gaps in the market, we’re ensuring institutions can stay ahead of evolving regulations, build trust with customers, and drive sustainable growth for the next phase of fintech.”

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 Shiboleth
Shiboleth is an AI-driven platform built to simplify compliance for financial institutions. Shiboleth uses explainable AI to transform unstructured compliance data into actionable insights, reducing manual workloads and improving operational efficiency. Its secure, plug-and-play infrastructure ensures seamless integration between banks and fintechs while safeguarding sensitive data. By centralizing workflows and automating risk analysis, Shiboleth empowers compliance teams to focus on strategic decision-making, redefining compliance as a tool for growth in an evolving financial landscape. Shiboleth is a Y Combinator backed company. For more information, please visit www.shiboleth.ai.

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