Kobalt Labs is an AI-powered risk and compliance platform for financial institutions [1]. Based in New York City, NY, USA [2], the company was part of Y Combinator's Summer 2023 batch [3]. The platform automates and strengthens manual risk and compliance operations for fintechs and banks [4]. Kobalt's reasoning engine ingests third-party contracts and documentation alongside internal policies, procedures, legal commitments, and past privacy and compliance assessments, while syncing with external legislation to surface and track risks [4]. The company targets community, regional, and sponsor banks seeking to increase revenue and scale partnership and vendor volume, as well as fintechs conducting partner diligence [4]. According to the company's stated mission, it enables these institutions to complete compliance processes in significantly reduced timeframes without increasing headcount [4].
About
- Automate and strengthen manual risk and compliance operations for fintechs and banks. Given a third party contracts and documentation, Kobalt’s reasoning engine ingests internal policies and procedures, legal commitments, past privacy and compliance assessments, and syncs with external legislation to instantly auto-surface and track risks. We're helping community/regional/sponsor banks increase revenue and scale their partnership and vendor volume, and we're helping fintechs conduct their partner diligence in 1/10 the time, all without needing to increase headcount.[4]
- Automate and strengthen manual risk and compliance operations for fintechs and banks. Given a third party contracts and documentation, Kobalt’s reasoning engine ingests internal policies and procedures, legal commitments, past privacy and compliance assessments, and syncs with external legislation to instantly auto-surface and track risks. We're helping community/regional/sponsor banks increase revenue and scale their partnership and vendor volume, and we're helping fintechs conduct their partner diligence in 1/10 the time, all without needing to increase headcount. [9]
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