"Supercharge your compliance management system with Affinity’s customizable, state-of-the-art learning management platform."
TL;DR: Affinity is a compliance training platform designed specifically for regulated industries. TheyFaraz Rana & previously built Bread - a fintech - from inception to a $450M exit and are leveraging that experience to solve the learning management needs of regulated tech companies from growth stage to large enterprise banks.
They have known each other for almost a decade and spent much of that time building out a buy-now, pay-later fintech called Bread ($450M exit). Faraz led legal and compliance, and Peter led engineering. Through Bread’s growth they have learned how important compliance education is for teams to be effective in a regulated space.
Problem and Current Market
While scaling Bread, they learned how necessary training is in the fintech industry for all stakeholders both internal (your employees) and external (your vendors and clients), and how glaringly inefficient the process is.
For example:
Fintech bank sponsors lack standardized training across portfolio companies;
Fintechs themselves train thousands of their business customers using valuable human hours;
Compliance and HR teams use sign up sheets and spreadsheets to track internal trainings;
Ineffective trainings create bigger problems later on when companies are just starting to scale.
And it’s not just fintechs who face these problems, it’s all regulated industries.
How Affinity Solves This
They have built:
1. A platform that allows organizations, such as banks, to standardize training across external parties.
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