FinovateSpring 2024 / Kobalt Labs

Presenter Profile:

How they describe themselves: Kobalt Labs automates third-party risk review for modern financial institutions. They enable their customers to accelerate and strengthen compliance operations without scaling headcount, all while automatically aligning to the latest regulations in privacy, BSA/AML, ACH, lending, money movement, securities, UDAAP, and more. Kobalt is built by ex-Stanford, Affirm, and Apple founders. It is backed by YCombinator and NVIDIA’s Inception Program and is well capitalized with a16z Scout Fund, One Valley Ventures, Coughdrop Capital, and notable angel investors.

How they describe their product/innovation: Kobalt has built an AI-powered co-pilot to streamline this process. Given third-party documentation, such as contracts or questionnaires, Kobalt ingests internal policies and procedures and syncs with external legislation to instantly auto-surface and track risks.

Product distribution strategy: Direct to Business (B2B), Through financial institutions, Through other fintech companies and platforms

Credit Union/Community Bank Fit: Credit Unions, Community Banks

Contacts:

Bus. Dev. & Press: Kalyani Ramadurgam (CEO), kalyani@kobaltlabs.com, 858-213-1136


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