At Lincoln Savings Bank (LSB), we’ve always embraced innovation—not just in fintech but also in how we approach compliance and risk management. That’s why we’re excited to announce our latest partnership with Kobalt Labs, an emerging leader in regulatory technology (RegTech). By integrating Kobalt’s AI/ML-driven solution into our third-party oversight and compliance review processes, we’re positioning LSB at the forefront of industry-leading risk management.
Our collaboration with Kobalt is about more than just efficiency—it’s about elevating compliance standards while making risk management smarter. As William Peek, Chief Risk Officer at LSB, puts it: "I am very excited to begin our integration of Kobalt’s solution into our TPRM processes and later expand into other use cases. With this being our first risk & compliance solution leveraging AI/ML capabilities, we have been impressed by the Kobalt team’s approach to designing & securing AI models that both provide significant value/create efficiency while managing risk appropriately."
We are committed to ensuring risk and compliance are effectively managed so we can continue to support the needs of our customers and the communities we serve. Partnering with Kobalt allows us to enhance our oversight processes, improve efficiency, and strengthen our ability to navigate an evolving regulatory landscape.
Elevating Third-Party Risk Management
Community banks like LSB engage with third parties to provide the solutions and capabilities our customers rely on. As regulatory scrutiny around third-party risk oversight continues to increase, the need for highly efficient and effective compliance processes has never been greater. Kobalt’s cutting-edge technology offers an answer—transforming due diligence and ongoing monitoring from a process measured in days to one measured in minutes.Why Kobalt?
When evaluating risk and compliance solutions, we conducted a rigorous test, analyzing actual data across multiple platforms. After comparing results, LSB selected Kobalt due to its accuracy, efficiency, and ability to enhance consistency in regulatory reviews. Kobalt’s AI not only speeds up compliance checks but also identifies potential risks that might otherwise be overlooked—delivering the kind of effective and scalable oversight that regulators appreciate.A Commitment to Innovation & Compliance
As a regulated institution, we recognize that leveraging AI/ML in risk management is no longer an option—it’s a necessity. The key is to embrace these advancements while managing them appropriately.Our collaboration with Kobalt is about more than just efficiency—it’s about elevating compliance standards while making risk management smarter. As William Peek, Chief Risk Officer at LSB, puts it: "I am very excited to begin our integration of Kobalt’s solution into our TPRM processes and later expand into other use cases. With this being our first risk & compliance solution leveraging AI/ML capabilities, we have been impressed by the Kobalt team’s approach to designing & securing AI models that both provide significant value/create efficiency while managing risk appropriately."
We are committed to ensuring risk and compliance are effectively managed so we can continue to support the needs of our customers and the communities we serve. Partnering with Kobalt allows us to enhance our oversight processes, improve efficiency, and strengthen our ability to navigate an evolving regulatory landscape.
