FiVerity Joins American Fintech Council, Launches AI-Powered Platform to Unify Fraud and AML Defense

Boston-based FiVerity has officially joined the American Fintech Council (AFC), marking a significant step towards industry-wide collaboration in fighting financial crime. Announced on September 23, 2025, FiVerity’s membership coincides with the launch of its Anti-fraud Collaboration Platform, a solution designed to revolutionize how financial institutions, law enforcement, and regulators combat fraud and money laundering.

Transforming Fraud & AML Defense Through Collaboration

The new platform from FiVerity enables secure, real-time sharing of fraud intelligence among banks, credit unions, fintechs, and crypto platforms. By connecting internal systems and workflows across organizations, the platform replaces isolated anti-fraud efforts with a coordinated, cross-industry defense. Leveraging AI-driven analytics, FiVerity’s tool helps detect both known and emerging threats faster and streamlines regulatory reporting, case management, and compliance workflows. These capabilities are designed to accelerate detection, reduce false positives, and empower institutions to respond to threats more effectively, according to FiVerity CEO Meghan Sutherland.

Phil Goldfeder, CEO of the American Fintech Council, praised FiVerity’s approach: “FiVerity’s platform helps financial institutions share intelligence securely, identify emerging risks, and strengthen their defenses against potential threats. We’re pleased to welcome FiVerity as an AFC member as they help our industry advance practical strategies for detecting and preventing fraud.” AFC press release

Why Collaborative Intelligence Matters

Financial crime is evolving rapidly, with fraudsters using more sophisticated tactics and technology. Traditionally, institutions have fought fraud and money laundering in silos, limiting their ability to spot patterns and share critical intelligence. FiVerity’s platform aims to break down these barriers, enabling joint investigations, anonymized data sharing, and shared case management across the industry. AI-powered insights allow for earlier detection of suspicious activities and help organizations meet regulatory requirements with greater efficiency.

Industry Reaction & Sector Impact

The launch has garnered positive sentiment among AFC members and financial sector stakeholders, who have long called for more collaborative strategies to address increasingly complex threats. Industry leaders highlight the potential for improved security and operational efficiency, with the AFC’s mission aligned to promoting a transparent, customer-centric financial system that supports responsible innovation AFC overview.

Regional Focus & Broader Implications

Based in Boston, Massachusetts, FiVerity’s move strengthens the United States’ leadership in fintech risk management and regulatory technology. The AFC, representing major fintech companies and innovative banks, continues to advocate for standards that foster competition and serve underserved markets AFC background.

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