Let's face it, compliance is boring--but not Lisa Gradow. For her, it's an exciting opportunity to give the industry a much needed AI upgrade. She founded Fides, a software company, to tackle the often monotonous work of financial regulations. Fides’s safe and secure tech spares us humans the drudgery of tracking deadlines, sourcing regulatory data, and creating legal documents. “Nobody gets claps for doing it very well,” says Gradow. “So it's something that can be and should be automated.” She started Fides in 2021 and has raised $7.6 million in funding from investors including Sequoia and General Catalyst. Current clients include Allianz, Haribo, Faber-Castell, and Sequoia. Says Gradow: “For us it’s very important to stay a European company, but with a global footprint.”
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00:00Do you have any predictions about how AI is going to continue to impact you and what you're building?
00:05So we have a lot of agents that we're currently building that will fully automate what councils
00:11are doing today. So you will just interact with our tool like it's your personal paralegal or
00:19even corporate council. So we will automate a lot of the tasks over the long time that
00:24councils right now have to do manually. That doesn't mean that they will fall out of a job but
00:30it just means they have more time for high value tasks. And then also looking into the boardroom
00:38there's something about also giving strategic recommendations to the board members that could
00:45be exciting because there's so much data and facts to consider in the boardroom where AI can really
00:52help you to quickly pull something up to remind you hey you've already discussed this two years ago.
00:58So this is something that yeah we will probably be looking into more.