Archive Intel: AI-powered communications compliance and archiving
Our investment in Archive Intel
Today we’re thrilled to announce our partnership with Larry Shumbres, Shea Werner, and the entire Archive Intel team as they redefine communications compliance and archiving for financial institutions.
The Changing Nature of Compliance
Compliance with regulatory scrutiny is not a new challenge for financial services firms. Communications monitoring and archiving is done in large part to protect customers from bad actors selling false promises and to prevent insider dealing. And when communications channels between wealth advisor and customer were limited to email and phone calls, monitoring and archiving was relatively straightforward. But, as we all know, digital communication channels extend well beyond email. Today’s consumer sends texts via iMessages, voice notes via WhatsApp, DMs on social media platforms. And more importantly, today’s consumer expects replies in those same channels.
Hence the conundrum: how do finance professionals seamlessly serve their clients across diverse platforms while maintaining strict regulatory compliance? Try and force a client to engage with you on a communication channel that is well monitored and archived and the client might leave. Engage with a customer in “off channel communication” on iMessage and now you open your firm up to joining the $3 billion in fines levied by the SEC against various financial firms for non-compliance related to "off-channel communications" over the last 3 years!
Thanks to Archive Intel, financial firms no longer have to choose. By integrating cutting-edge AI with omnichannel communication coverage, the platform delivers a seamless solution to help financial institutions meet compliance standards without sacrificing the client experience or operational efficiency.
Compliance for the modern era
Archive Intel has built an AI-native platform that reimagines compliance for today’s communication and compliance operations landscape. It was built from the ground up to ensure full compliance with the alphabet soup of rules (SEC Rule 204-2, 17A-4, 17A-3, FINRA and CFTC rules to be precise) while also seamlessly archiving communication across iMessage, WhatsApp, and social media in addition to traditional communications channels. The product leverages AI to automate data capture, management, and retrieval and give compliance professionals back countless hours they would otherwise spend gathering data to meet the stringent SEC and FINRA requirements. And that’s just what has been built over the last year!
At Garuda Ventures, we believe exceptional teams build category-defining companies, and Archive Intel is no exception. Larry is a repeat founder with over two decades of experience in fintech and financial services, having previously founded and exited Totum Risk and eVestment. Shea has spent a career in financial services across companies including Oppenheimer, Personal Capital, and Tifin. They and the rest of the team bring the perfect complement of technology and product prowess and domain expertise required to reimagine this large and growing market. You need to look no further than the amazing progress the company made in 2024 for proof — 220 customers after only six months in market!
We’re proud to have led Archive Intel’s $1.5M seed round, investing with our friends at Social Leverage. Customers have been clamoring for a platform like Archive Intel, and the opportunity has never been more ripe for the taking. We’re excited to partner with Larry, Shea, and the team and help build the category-defining solution. Let’s do this!
For more on Archive Intel check out the company’s press release, article in Citywire, and visit their website.
Garuda Ventures is a B2B-focused pre-seed fund, leading a founder's initial round of financing as their first true believer. Subscribe below to get the latest from us, and visit garuda.vc to learn more.