The American Fintech Council (AFC) has announced the addition of Oscilar as its newest member. Oscilar, a leader in AI-powered risk decisioning, provides advanced fraud prevention, credit decisioning, and AML compliance solutions. The company joins a group of industry leaders committed to promoting responsible innovation, enhancing financial inclusion, and maintaining robust consumer protection standards.
Phil Goldfeder, Chief Executive Officer of the AFC, stated: "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. 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 platform allows fintech companies, banks, and financial institutions to automate and enhance their risk decisioning processes across multiple domains. It integrates fraud detection, credit decisioning, and AML compliance into a unified no-code platform.
Neha Narkhede, CEO and Co-founder of Oscilar said: "At Oscilar, we're committed to providing financial institutions with the tools they need to make smarter, faster risk decisions. 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 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 integrates hundreds of data sources through a single API and uses generative AI for case analysis and reporting.
The AFC is a standards-based organization representing major fintech companies and innovative BaaS banks. Its mission is to promote a transparent, inclusive financial system by supporting responsible innovation in financial services.
About Oscilar:
Oscilar offers AI-powered risk management solutions for managing fraud, credit, and compliance risks effectively. Their no-code platform analyzes data in real-time for fraud detection and regulatory compliance. Founded by experts from Google, Facebook, Uber, and LinkedIn, Oscilar serves various organizations including fintechs and banks.