Improve Ops Efficiency & Quality + Excel in Compliance with Accend
Accend accelerates manual reviews and automatically generates regulatory reports for Ops & Compliance teams.
B2B Fintechs and BaaS providers utilize Accend to save hours per manual process, such as KYB applications, Disputes, Transaction Monitoring, etc.
If you work in Ops & Compliance at fintechs, we’d love to chat with you. Please reach out at firstname.lastname@example.org
How we know this is a problem?
When we led Product & Engineering on Risk at Brex, we collaborated with Ops & Compliance teams on a daily basis. For Ops, one of the biggest pain points was declining Ops efficiency + quality of output. For Compliance, it was maintaining healthy relationships with banking partners and regulators. The reasons behind that were:
We realized Brex wasn’t the only fintech dealing with such risks tied to manual reviews, and we started Accend to tackle these challenges head-on.
Our first use case is accelerating KYB manual reviews. It includes the following features:
Guided Review Workflow: Accend simplifies the KYC procedure by converting the Standard Operating Procedure into a user-friendly, step-by-step guided review process for both internal and external Operations professionals.
Streamlined Online Research: Instead of juggling numerous browser tabs to validate information about the business and its beneficial owners/controllers, Accend consolidates data through comprehensive web searches, presenting a summary for validation by Ops professionals.
Automated Due Diligence Reports: Traditionally, crafting a CDD/EDD report can take up to 2 hours. Accend automates this process, generating high-quality narrative reports in the company's required template, thus saving valuable Operations time on a daily basis.
Audit Logs: Accend establishes an audit trail for actions taken by Operations professionals and the automated processes during KYC manual reviews. This eliminates the need to scour various sources, extract logs, and document them, streamlining the auditing process
With Accend, Fintechs can
Who are we?
Pranjal Daga was most recently the Product Manager on the Risk team at Brex where he reduced fraud losses by $20M and worked on disputes, declines, login friction, etc. Before that, he dropped out of his PhD in AI/ML at Purdue University to help set up Cisco Innovation Labs where he grew the team from 1 to 35 in 4 years.
Yutong Pei was most recently the Engineering Manager on the Fraud Risk team at Brex where he built the Disputes service, and worked on fraud controls by managing engineers and data scientists. Previously, he has led Fraud Engineering and Security for IoTeX, Uber, and Amazon.
Joseph Zhou was most recently the CFO of a mobile gaming startup based in Singapore with a 50M ARR. He established the company’s licensed poker operation in Europe and scaled the team from 0 to 80 members, while also managing KYC, AML, compliance, responsible gaming, and fraud prevention.
We’re looking to connect with Ops & Compliance leaders at B2B Fintechs and BaaS providers to explore how Accend can help them improve Ops efficiency & quality and excel on compliance.
Launch YC Promo
We’re offering 60 days of free pilot for new customers through the end of August.
We will work with you regularly to learn about your process, create customized guided review workflows for your company and support you in every way while you’re using Accend.
Thank you 🙏