Bhavin Shah
Podcast appearances as guest
Fintech compliance in MENA with AI (Episode 45)
In this episode, I sit down with Bhavin Shah, founder and CEO of Sherlocq.
On the podcast
Bhavin has spent over 25 years in financial services consulting, helping set up six financial institutions and advising central banks, later focusing on enforcement and financial crime.
Sherlocq uses generative AI to help compliance teams interpret regulations and map them to policies, work that once needed teams of 15–20 people.
Sherlocq has about ten senior advisers, including four former regulators, all of whom are also investors.
Sherlocq's free app for anyone working in compliance gained 250 users in its first 48 hours.
Sherlocq builds custom assistants for banks, law firms and regulators, which can cut document review time by 70–80%.
Sherlocq is a US company with an operating entity in Abu Dhabi, a tech hub in India, and plans for entities in Europe and Asia; it will build its regulatory talent hub in Europe.
Sherlocq raised about $2.8 million in pre-seed funding and plans to raise $8–10 million next.
Sherlocq offers connectors for Claude and ChatGPT and is building them for Gemini and Copilot.
Compliance is only about 50 years old as a profession and has no formal qualification, so two compliance officers at the same bank can give different answers.
Like stablecoins, agentic AI in finance will be adopted slowly; agents should assist, with humans making decisions.