The Compliance Nightmare That Sparked a $15 Million AI Solution

Compliance officers at banks across America wake up to the same digital nightmare: thousands of alerts flashing on their screens, each one demanding manual review. Money laundering flags, suspicious transaction reports, customer background checks that could take hours to complete. At Grasshopper Bank, this daily grind was consuming almost 70% of their compliance team's time, until they found an unlikely solution in a startup called Greenlite AI. Founded by Will Lawrence and Alex Jin, Greenlite AI's mission is to help the $30 trillion financial services industry move faster than ever before and now they have raised $15 million in Series A funding, led by Greylock Partners, to tackle exactly this problem. The round, which brings their total funding to $20 million, includes backing from