The American Fintech Council (AFC) has announced that AiPrise, a provider of AI-powered compliance solutions, has joined its membership. AiPrise offers technology to help financial institutions and fintech companies with user and business verification, risk mitigation, and regulatory compliance, focusing on Know Your Business (KYB) processes.
Phil Goldfeder, CEO of the American Fintech Council, stated: “AiPrise simplifies how companies manage onboarding and risk monitoring within their daily operations. Their platform enables businesses to onboard customers and partners quickly and securely, while staying ahead of evolving regulatory demands. We’re thrilled to welcome AiPrise to the American Fintech Council as we work together toward smarter, more secure financial services.”
AiPrise’s platform brings together identity verification, fraud prevention, and compliance tools into one system. It uses artificial intelligence for document analysis, dynamic risk scoring, automated monitoring, and includes a Compliance Co-Pilot feature for automating sanctions screening and risk detection.
Chaitanya Sarda, Co-Founder and CEO of AiPrise said: “AiPrise is dedicated to delivering AI‑powered solutions that help companies manage verification, risk, and compliance with greater speed and accuracy. By integrating document verification, identity checks, and risk monitoring into one platform, including deeper KYB capabilities, we help businesses streamline their workflows and scale responsibly. Becoming a member of the American Fintech Council reflects our commitment to advancing responsible innovation across the fintech industry.”
The AFC represents major fintech firms and innovative banks that provide embedded finance solutions. The organization aims to support responsible innovation in financial services by promoting transparency and customer-centric policies.
AiPrise provides access to over 8,000 data sources worldwide through a single integration point. Its orchestration layer connects with more than 80 verification partners globally. The company’s offerings include website analysis, document intelligence tools for ultimate beneficial ownership (UBO) insights as well as ongoing sanctions screening—helping clients make informed decisions while maintaining compliance across various jurisdictions.