LexAlign PBC

LexAlign relocated its headquarters from Austin, Texas, to Little Rock in November.

The risk and compliance technology platform was founded by Trevor Lain, a former attorney for major banks and fintechs.

Lain repeatedly saw how exposed financial institutions are to the risk of commercial customer banking operations and the challenge of managing dispersed risk and compliance with legacy methods.  

So he created LexAlign to do two things: first, to make expertise accessible and actionable to organizations handling high-risk operations like remote deposits, and to help identify and remediate operational gaps that bad actors exploit; second, to provide audit-ready data to their banks to demonstrate effective compliance and risk management of remote customer operations. 

Banks using LexAlign report that 80% of customers complete the assessments and 95% of customers open audit reports, leading to increased resolutions of audit exceptions and findings.

The startup is currently focused on addressing fraud in payment systems, but the technology is designed to be universally applicable for future growth.

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