Tel Aviv, Israel and New York, NY –News Direct– Sedric.ai (“Sedric”), an AI-based compliance excellence platform for fintechs and financial services firms, today announced the newest members of its Advisory Board. The experts joining Sedric’s Advisory Board are Joann Needleman, Partner, and Leader at ClarkHills, and a former member of the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board, and Hardev Tumber, Head of Collections at Revolut, one of the world’s leading neobanks. As Board members, Needleman and Tumber will contribute their extensive experience in credit and collections, a growing market that is facing significant changes in regulatory requirements.
The new Board members join as Sedric’s rapid year-over-year growth and expansion continues. The company has introduced a slate of new offerings to support consumer finance solutions providers.
Sedric’s solutions help creditors, lenders, and debt collectors improve revenue and comply with CFPB’s Fair Debt Collection Practices Act, its recent amendment (“Ref F”), and other regulations within the consumer finance market.
Offering AI-based auditing, individualized agent training, and a full audit trail, Sedric enables organizations to automate tedious manual processes in their compliance and quality control function. In addition, data gathered by the platform provides actionable insights to improve operational efficiency and collection outcomes.
“We are pleased to welcome Joann and Hardev, both accomplished experts in their fields, to the Sedric Board,” said Nir Laznik, Sedric’s co-founder and CEO. “They join Sedric at an exciting time as we continue to expand our services and support the credit and collections industry. Our new Advisory Board members will provide valuable perspectives to help us execute on our strategy and build innovative solutions that enable consumer finance firms to optimize their revenues while protecting consumers and their brands.”
Joann Needleman is a Partner and Leader of Clark Hill’s Consumer Financial Services Regulatory & Compliance group. Needleman advises banks, financial institutions, and financial services entities on regulatory compliance matters. A former member of the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board, Joann provides her clients with useful strategies and common-sense solutions in order to prepare for areas of regulatory scrutiny.
“It is an honor to join Sedric’s Advisory Board,” said Needleman. “The consumer finance industry is moving at a rapid pace, accompanied by increased regulatory oversight. To succeed, finserv organizations need smart tools to ensure consumers are not only protected, but that businesses are complying with changing regulations. I look forward to working with Nir and the team as they bring innovative consumer-first technologies to the market.”
Hardev Tumber is a credit and collections industry leader with extensive experience in B2C and B2B markets at global organizations. At Revolut, he is responsible for ensuring the company’s collections system and related processes comply with local regulatory requirements. Tumber’s experience includes helping technology companies with strategy optimization, CX, digital, automation, trace, legal, asset recovery, vendor management, and systems development.
“Sedric’s AI-native compliance platform monitors all customer interactions, regardless of channel or language, to ensure compliance with legal requirements and to provide organizations the data and tools to constantly optimize their operations and outcomes,” said Tumber. “Sedric has created a game-changing proposition in the regtech space, and I’m excited to be part of their journey.”
Earlier this year, Sedric was named one of the most promising fintech startups by Citi Bank and Visa. The company also announced several new partnerships with leading communication platform providers, including Aircall, Twillio, and Zendesk. With Sedric’s solution adding a compliance layer to these major platforms, contact centers serving financial services organizations can now keep communications compliant, effective, and risk-free across all channels while improving customer experience.
Sedric is a compliance excellence platform for next-gen fintech companies. With AI-based real-time monitoring, detection, and analysis of all customer interactions, Sedric ensures customer protection, minimizes risks and expedites business growth. Sedric empowers compliance teams to quickly apply new laws and regulations across their growing business operations and enables them to focus on high-risk events across all channels (voice, chat, video, email, social, and more). The company was established by Nir Laznik and Eyal Peleg in 2020 and is proud to serve fast-growing fintechs on three continents. It was recently awarded Most Promising Fintech Startup by CitiBank and Visa. For more, please visit: https://www.sedric.ai/