Surge Ventures

The Future of GRC (Part 1): A Connected, AI-Powered System one industry at a time, starting with Wealth Management Financial Services To build the GRC platform of the future, financial services firms need more than just siloed solutions—they need a system that integrates all aspects of compliance and risk management, powered by AI and key supporting elements like regulatory intelligence, data management, and smart workflow. Fusion1 brings this vision to life. Regulatory intelligence ensures that firms stay ahead of ever-changing rules and enforcement actions. Data management and integration allow seamless flow of information between risk elements, while smart workflows automate and streamline compliance tasks, reducing manual work and human error. Together, these ingredients supercharge Fusion1’s AI capabilities, providing real-time insights and compliance automation in a secure, connected platform. Why Surge Ventures? Through our build, acquire, invest model, we rapidly integrate the best technologies to support this vision. By combining internal innovation with strategic acquisitions, Surge Ventures built a connected platform that scales with the regulatory environment and offers unmatched flexibility. Our Expertise Our team’s deep experience in RegTech, AI, and financial services makes us uniquely positioned to execute this vision. We’ve designed Fusion1 not just to meet today’s needs, but to anticipate tomorrow’s challenges with the power of connected, AI-driven risk management. #innovation #venturestudio #GRC Www.surgeventures.com Www.regverse.com Www.kovair.com Www.kitecyber.com

Earlier this week at Advise AI, Saifr CEO Vall Herard joined Daniel Bernstein from MarketCounsel Consulting , Sid Yenamandra from Surge Ventures, and Marie Swift from Impact Communications for an engaging discussion about AI and the role it can play to help firms stay ahead of the curve for the continually-evolving regulations in the financial services industry. Thank you to all the participants for their valuable insights and experience leveraging AI for compliance needs. #AI #Compliance #BuiltInLabs Financial Planning

Surge Ventures, under the leadership of?Sid Yenamandra, recently launched?Surge Labs, an incubator program designed to empower early-stage wealth tech startups. Surge Labs provides a wealth of resources, mentorship, and access to investors, giving startups the foundation to develop game-changing technologies. With this partnership, Lighthouse will tap into Surge Labs' ecosystem to brng transformative tools to the wealth management space.

?? BIG NEWS: Surge Labs has launched!??? Got a game-changing SaaS innovation? Start your journey with Surge Labs, Surge Ventures' newly launched incubator program! This is your chance to take your startup from vision to reality with the support of seasoned investors, expert mentors, and growth-driven opportunities. Here’s what you can expect from Surge Labs: ?? Expert insights?from industry veterans ?? Networking?with an exclusive industry council ?? Access to funding?for groundbreaking ideas Whether you're just starting or have an MVP, this is your chance to accelerate your growth! Details ?? https://lnkd.in/dRvuqEnT #SurgeLabs #startup #innovation #SaaS #investment #mentorship #growth

?? BIG NEWS: Surge Labs has launched!??? Got a game-changing SaaS innovation? Start your journey with Surge Labs, Surge Ventures' newly launched incubator program! This is your chance to take your startup from vision to reality with the support of seasoned investors, expert mentors, and growth-driven opportunities. Here’s what you can expect from Surge Labs: ?? Expert insights?from industry veterans ?? Networking?with an exclusive industry council ?? Access to funding?for groundbreaking ideas Whether you're just starting or have an MVP, this is your chance to accelerate your growth! Details ?? https://lnkd.in/dRvuqEnT #SurgeLabs #startup #innovation #SaaS #investment #mentorship #growth

?? Off-Channel Communication Crackdown: Are You Prepared? Recent penalties of over $470 million against financial services firms for off-channel communication failures highlight an ongoing compliance crisis. ?? With previous fines totaling $2.6 billion, it’s clear that regulators are serious about enforcing recordkeeping laws. ?? Key Takeaways: ???? Texting Risks: 52% of firms acknowledge texting as a major compliance risk, yet only 37% are adapting their strategies to mitigate it. ???? Regulatory Scrutiny: Once fined, firms can expect even closer monitoring. Repeat offenders may face even larger penalties! ?? ???? The Disconnect: Many firms underestimate the long-term implications of ignoring off-channel communication risks. Texting is ingrained in our culture, and avoiding the issue won't make it disappear. ??? The Solution: ???? Invest in effective compliance programs that utilize available technology to monitor and retain communications across all platforms. ???? Foster a culture of compliance with transparency and cooperation among all employees, especially leadership. ?? Don’t gamble with your compliance! With the DOJ now stepping up its scrutiny, it’s essential for banks, broker-dealers, and RIAs to take proactive measures. ?? Let’s connect and discuss how your firm can strengthen its compliance posture and avoid hefty penalties! https://lnkd.in/dzWFSUuy #compliancemanagement #regulatorycompliance #regtech #wealthmanagement

?? Automate Your Compliance Procedures: Let AI Do The Heavy Lifting! Maintaining a strong compliance posture is critical to your firm’s success. A holistic approach that incorporates all aspects of compliance—especially audits—is essential for navigating today’s complex regulatory environment. At Surge Ventures, we provide a comprehensive solution that can transform your compliance and audit processes: 1?? Proactive Compliance Management - ?? Avery's intelligent AI continuously monitors your firm’s policies, providing real-time guidance and automated recommendations to ensure compliance with the latest regulations. 2?? Automated Policy Implementation - ?? Avery's AI-driven solution analyzes your firm's policies to identify compliance gaps. When it detects a discrepancy between regulatory requirements and your current measures, it automatically recommends and implements necessary adjustments, enabling swift and effective resolution of compliance issues. 3?? Streamlined Audit Processes - ??? With Fusion1, you can manage and monitor mock and internal audits seamlessly, ensuring your firm stays on track with its compliance journey and is always audit-ready. 4?? Robust Code of Ethics Monitoring - ?? RegVerse helps firms maintain high ethical standards by monitoring employee adherence to the code of ethics through an approval-based mechanism, fostering a culture of accountability. ?? Did you know? Firms that effectively integrate audit and compliance processes are better positioned to mitigate risks and enhance operational efficiency. A cohesive approach can lead to improved audit outcomes and a stronger compliance posture. ?? Are you ready to take your compliance and audit management to the next level? Message us today to schedule a demo and discover how our all-in-one solution can protect your firm and streamline your operations! Book a Demo! - https://lnkd.in/dzWFSUuy #compliancemanagement #AIcompliance #AI #RegTech

Is your compliance stack outdated? Sid Yenamandra, CEO of Surge Ventures, is leading the charge with AI-powered solutions that bring a new generation of governance, risk, and compliance (GRC) tools to wealth management. At the upcoming InvestmentNews #RIAActivate event, he’ll discuss how firms can leverage AI to stay ahead in today’s fast-evolving regulatory environment. https://hubs.la/Q02RSzbS0

?? Is your compliance stack stuck in the past? ? Sid Yenamandra, CEO of Surge Ventures, argues that traditional GRC tools are no longer sufficient to navigate today's complex regulatory landscape. At InvestmentNews RIA Activate California on November 12, 2024, Sid will discuss how AI can revolutionize compliance management for wealth management firms. ?? Key points to be discussed: ??? The limitations of traditional GRC tools. ??? How AI can serve as a "co-pilot" for human compliance teams. ??? Real-world examples of AI-driven compliance solutions. ??? The benefits of AI in terms of efficiency, accuracy, and risk mitigation. ?? Join us to learn how AI can help your firm stay ahead of regulatory changes, reduce compliance costs, and improve overall risk management. Visit - https://lnkd.in/dukvhMzv book your tickets here - https://lnkd.in/dcymF2-r #compliance #AI #wealthmanagement #GRC #innovation #RegTech #CaliforniaEvents2024

?? Happy 2nd Birthday to Surge Ventures ! ?? What a journey it’s been! From day one, we set out to build something special—a platform dedicated to transforming business processes in financial services, with a core focus on compliance and RegTech. Through innovation, AI, and a relentless drive to solve real-world problems, we’ve made strides in regulatory intelligence, data management, and data security. Today, we celebrate 4 incredible products, 4 companies (1 built, 2 acquired, and 1 invested in), 300 customers who trust us and multiple product award nominations. RegVerse , Kovair Software , Kitecyber A special thanks to our investors, especially Virgo Capital for believing in our vision and supporting us every step of the way. I’m immensely proud of what we’ve accomplished, but more than anything, I’m grateful for our amazing team, partners, and clients who have brought this vision to life. This milestone is a testament to your hard work, collaboration, and shared belief that we can transform compliance and regulatory technology in ways that are both impactful and sustainable. Here’s to many more years of growth, innovation, and making a lasting impact in the RegTech space. We’re just getting started. ?? #anniversary #surgeventures #innovation #RegTech #compliance #fintech #growth #teamwork #customersfirst #VirgoCapital