How AI Will Impact Financial Software

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.”