Lumio Solutions Joins the American Fintech Council to Drive Responsible Innovation
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Washington, D.C. (November 14, 2023) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks today announced the addition of Lumio Solutions as new members. Lumio Solutions is committed to fostering innovation while ensuring the safety, soundness, and inclusivity of the financial landscape and will be an important voice in the AFC.
“We are excited to welcome Lumio Solutions to the American Fintech Council and look forward to collaborating with them as they bring practical enterprise risk management solutions, informed by established regulatory standards,” said Phil Goldfeder, Chief Executive Officer of the AFC. “Lumio Solutions embeds firsthand experience as former regulators and Chief Risk Officers, into its risk intelligence platform to enable access to safe financial services without compromising on consumer protection.”
Lumio Solutions shares the AFC’s commitment to fostering responsible innovation among banks and fintech partners. Built by bankers, and informed by regulatory guidance, Lumio Solutions built the holistic risk intelligence platform, Watchtower to help banks measure, quantify, evaluate, and manage risk across the enterprise, with an eye towards turning risk into opportunity. Earlier this year, Lumio Solutions launched a fintech risk management tool, offering banks a framework and comprehensive diagnostic assessment to evaluate and continuously monitor their fintech partners.
“Lumio Solutions is thrilled to partner with a like-minded organization in the American Fintech Council, as we share a similar mission,” said Ed Vincent, Chief Executive Officer of Lumio Solutions. “By joining forces, collectively we can help ensure the safety and soundness of the banking and fintech industry, while driving innovative solutions that help our customers scale responsibly.”
This partnership was highlighted at today’s AFC Policy Summit 2023 in Washington DC, where Phil Goldfeder called Ed Vincent to join him on stage, welcoming Lumio Solutions to the AFC. The summit facilitated the exchange of ideas, exploration of emerging trends, and shaping the future of financial technology in the presence of senior leaders from the banking and fintech community, regulators, and key policymakers.
About the American Fintech Council:
The mission of the American Fintech Council is to promote an innovative, responsible, inclusive, customer-centric financial system. You can learn more at www.fintechcouncil.org.
About Lumio Solutions
Lumio Solutions is a leading SaaS provider of innovative risk management solutions, serving the financial services industry and beyond. Our suite of proprietary technology solutions and methodologies were built “by bankers, for bankers” and designed to help customers navigate risk and drive growth. Watchtower, The Holistic Risk Intelligence PlatformTM provides practitioners, executives and the Board with a panoramic view of risk to make informed decisions and drive performance. As a forward-thinking company, we recognize that risk is not just an obstacle, but can also be a catalyst for growth. Learn more at www.lumiosolutions.io or follow Lumio Solutions on LinkedIn.
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