START: Charu Sharma & Michael Mernagh, Co-founders, Fenrock AI: “The First AI Workspace for Banking Back Office”

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99% of U.S. banks aren't JPMorgan.
All of them are regulated like it.

The bottleneck isn't serving customers.
It's everything that happens after.

Loans.
Compliance.
Fraud investigations.
Customer operations.

The work keeps growing.
Headcount doesn't.

JPMorgan has tens of thousands of analysts.
A community bank has a handful.

That's the gap Fenrock AI is closing.

Fenrock is building the first AI workspace for the banking back office.

Built alongside U.S. bank CEOs.
Designed for banks.
One workspace for all of it.

AI gathers the information.
Organizes the evidence.
Drafts the analysis.
Prepares the report.

The analyst reviews.
The analyst decides.

No rip-and-replace.
No data migration.

Just an AI workspace embedded into existing workflows.

Every action is documented with bullet-proof audit logs.
Built-in regulatory guidance.
Reporting designed for examiners and boards.

An analyst clears about 10 alerts a day.
Fenrock is built for 20x that.

Not by replacing people.
By giving them capacity they've never had.

Banks process more.
Pass their exams.
Improve efficiency ratios.
And keep serving the communities that depend on them.

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🎙️ Charu Sharma & Michael Mernagh, Co-Founders, Fenrock AI on Fondo START pod

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00:57 "They really want the AI workspace for everything back office"

02:52 Building in highly regulated industries

03:35 Apple's first privacy-preserving ML systems at scale

05:03 Turning YC deadlines into execution forcing functions

07:58 Helping analysts process 20x more compliance volume

08:32 "They're dying and drowning in these backlogs"

09:26 Embedded AI workflows with automatic audit trails

10:18 Early customers expecting to save 20-30 hours per week per employee

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Check out fenrock.ai

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