What Finosec does

Finosec is a privately-held SaaS company that provides cybersecurity governance automation software to US community banks and credit unions. Founded in 2018 and headquartered in Alpharetta, Georgia, the company was co-founded by Zach Duke (CEO) and Scott McIlrath (CTO), the latter a former bank IT leader whose experience navigating regulatory exams shaped the platform's design philosophy. Finosec's core offering is the Governance 360 platform, a multi-module cloud-based system that consolidates information security governance, vendor management, user access reviews, and cybersecurity assessment into a connected workflow where data entered once carries across all modules. The company's flagship 2026 product, the Finosec Cybersecurity Assessment Tool (CAT), was co-developed with the Independent Community Bankers of America (ICBA) as the examiner-trusted replacement for the now-deprecated FFIEC CAT, with automated mapping across FFIEC, NIST, and CIS frameworks and import of legacy FFIEC data. Regi Ranger, launched in 2024, is a domain-specific AI assistant trained on validated regulatory handbooks to support exam preparation and policy development.

Finosec operates a subscription-based revenue model with fixed module pricing and no hidden fees, complemented by professional services add-ons including ISO mentoring, information security advisory, and vendor reviews performed by Finosec's team. As of June 2026, the company reports 200+ financial institution customers with a 99% client retention rate, serving exclusively the US community bank and credit union segment with mid-market institutions ranging from approximately $400M to $1.5B+ in assets. Go-to-market combines direct enterprise sales, the ICBA Preferred Service Provider channel, and core-processor partnerships, most notably with DCI (developer of iCore360) which named Finosec its Preferred Cybersecurity Partner in June 2026, embedding Finosec into the distribution channel of a major community bank technology vendor. The company has raised $2 million from BankTech Ventures (July 2023) and operates with 11-50 employees.

The platform's defensibility rests on regulatory alignment, domain specialization, and high switching costs driven by accumulated institutional governance data and the FFIEC CAT import capability. Integrations with core processors including Jack Henry Silverlake and DCI extend reach into the operational layer of community bank IT. Reported client outcomes include a 322-hour annual reduction in user access report generation time and exam results improvement during periods of asset growth, both of which the company cites as evidence of product-market fit within resource-constrained community FI compliance teams.

Name

Finosec

Legal name

Finosec, Inc.

Website

https://finosec.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Finosec is a SaaS platform that automates cybersecurity governance for US community banks and credit unions, offering modules for assessment, vendor management, user access reporting, and an AI regulatory assistant, serving 200+ institutions via direct sales and core-processor partnerships.

Ownership category

akta.pro rank

Product category

Cybersecurity Governance Software

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199)

akta.pro primary industry

Risk, Controls & Governance (GRC) Platforms (FSAFAOAG)

Keywords

• Cybersecurity governance platform
• Regulatory compliance software
• User access reporting
• Vendor risk management
• FFIEC assessment tools

Headquarters

HQ city

Alpharetta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscription: Subscription-based SaaS governance platform for financial institutions. The company operates on a fixed pricing model with no hidden or variable fees. Pricing is structured around modules (Cybersecurity Assessment Tool, InfoSec Governance, Vendor Governance, User Access Reporting, Regi Ranger) and is delivered as a platform subscription rather than a consulting engagement.
2. Governance Advisor Professional Services: Add-on professional services including Information Security Advisors to assist teams, ISO Mentoring for institutions new to information security, and Vendor Reviews where Finosec's team performs vendor reviews on behalf of the customer.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Finosec provides a cloud-based SaaS governance automation platform purpose-built for community banks and credit unions, delivered as an integrated suite of modules: the Finosec Cybersecurity Assessment Tool (CAT) replacing the deprecated FFIEC CAT, InfoSec Governance 360 for centralized information security program management, Vendor Governance for third-party risk management, User Access Reporting for access reviews across banking applications, and Regi Ranger, a domain-specific AI assistant for exam preparation. The platform automates manual compliance processes, maps controls across FFIEC, NIST CSF 2.0, and CIS Controls, and delivers board-ready reporting for institutions facing regulatory exams.

Product overview

Finosec offers a unified governance platform for financial institutions consisting of a core platform with multiple integrated modules. The platform provides automated tools, continuous program monitoring, and actionable insight to help institutions simplify governance processes. The core portfolio includes the Cybersecurity Assessment Tool (CAT) built in partnership with ICBA to replace the deprecated FFIEC CAT, InfoSec Governance for centralized compliance management, Vendor Governance for third-party risk management, and User Access Reporting for access control and permissions management. Additionally, Regi Ranger is an AI assistant that supports exam readiness and regulatory compliance. All modules share data across the platform, reducing duplicate work and providing a 360-degree view of compliance status.

Differentiator

Problem solved

Functional benefit

Brands

• Finosec CAT: Cybersecurity Assessment Tool built for financial institutions in partnership with ICBA to replace the FFIEC CAT.
• InfoSec Governance
• Vendor Governance
• User Access Reporting
• Regi Ranger

Products and services

• Finosec Cybersecurity Assessment Tool (CAT) A cybersecurity assessment platform built specifically for community banks, designed as a replacement for the FFIEC CAT. It provides automated import of existing FFIEC CAT data, an updated inherent risk profile with 13 new questions on emerging technologies such as AI, APIs, real-time payments, and cloud, and automated mapping across FFIEC, NIST, and CIS standards. Targeted at U.S. community banks and credit unions that must complete cybersecurity assessments for regulatory exams.
• InfoSec Governance A comprehensive information security governance platform providing a centralized repository for mandatory documentation, automated risk assessment, policy management, and exam readiness dashboards for community banks and credit unions. Includes modules for program oversight, automated risk assessment, board reporting and training, and examination/audit preparation.
• Vendor Governance A vendor management solution that centralizes vendor reviews, contract tracking, due diligence documentation, and vendor risk assessments for financial institutions. Includes features for tracking vendor significance and risk, managing renewal dates, and visualizing the vendor ecosystem through a vendor system map.
• User Access Reporting A user access review solution that automates tracking of user permissions across banking systems such as Jack Henry Silverlake, validates least-privilege access, and ensures compliance with FFIEC authentication guidelines. Generates comprehensive audit-ready documentation and has been credited by clients such as South Atlantic Bank with reducing manual review burden across 20+ high-risk systems.
• Regi Ranger An AI-powered information security assistant designed specifically for financial institutions to assist with exam preparation and regulatory compliance. Leverages validated regulatory handbooks and Finosec's expertise to deliver actionable insights, policy creation assistance, and prioritized regulatory guidance without the misinformation risk of generic AI tools.

Quantifiable outcome

• 200+ financial institutions now use the platform as of May 2026
• +6 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• DCIflagshipStrategic or Co-development Partner · 23 June 2026DCI, the developer of iCore360 core banking software and iCoreGO digital banking solutions for community financial institutions, partnered with Finosec as its Preferred Cybersecurity Partner. The partnership provides community banks streamlined third-party risk reviews, simplified access management, structured system mapping, and hands-on support for the FFIEC CAT sunset transition. DCI President and CEO Sarah Fankhauser endorsed the partnership.
• ICBA (Independent Community Bankers of America)flagshipGTM or Marketing PartnerFinosec is an ICBA ThinkTECH Accelerator alumnus and holds ICBA Preferred Service Provider status for Cybersecurity Governance. ICBA Senior Executive Vice President Kevin Tweddle publicly endorsed Finosec's Cybersecurity Assessment Tool, stating it reflects ICBA's shared goal of creating workable solutions for community banks. ICBA actively promotes Finosec to its member banks.
• CIS (Center for Internet Security)coreTechnology or IntegrationFinosec's Cybersecurity Assessment Tool combines the thoroughness of CIS Controls with banking-specific enhancements. The Finosec CAT automatically maps and tracks progress across CIS Controls alongside FFIEC and NIST frameworks. CIS Controls form the foundation of the maturity assessment portion of the tool.
• NIST (National Institute of Standards and Technology)coreTechnology or IntegrationFinosec CAT maps IT controls to NIST Cybersecurity Framework (CSF 2.0) alongside FFIEC and CIS frameworks. The platform aligns with NIST's five pillars (Identify, Protect, Detect, Respond, Recover) while introducing simplified scoring for Standard, Intermediate, and Advanced maturity levels.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ncontracts: Ncontracts provides vendor risk management, compliance, and risk assessment software specifically for banks and credit unions. Directly comparable to Finosec in serving community financial institutions with governance and third-party risk tools.
• Venminder: Venminder offers third-party risk management and vendor due diligence solutions targeted at banks, credit unions, and financial services. Comparable to Finosec's Vendor Governance module with a similar community-banking customer focus.
• ProcessUnity: ProcessUnity provides third-party risk management and cybersecurity governance platforms used by financial institutions. Comparable to Finosec's Vendor Governance and broader GRC capabilities with overlap in regulated industries.

Broad incumbents

• Diligent (Galvanize): Diligent acquired Galvanize to offer enterprise GRC and audit management software. Overlaps with Finosec's InfoSec Governance and risk assessment capabilities but serves a broader enterprise audience including large banks.
• AuditBoard: AuditBoard provides audit, risk, and compliance management platforms used across industries including financial services. Comparable to Finosec's governance and exam-readiness capabilities but positioned for mid-market and enterprise customers broadly.
• LogicGate: LogicGate offers a no-code GRC platform for risk and compliance automation. Comparable to Finosec's Governance 360 approach but serves multiple verticals with a more horizontal product positioning.
• RSA Archer (Regnology): RSA Archer, now part of Regnology, is an established enterprise GRC platform used by many large banks and financial institutions. Represents an incumbent competitor that could expand down-market to challenge Finosec's community bank niche.
• ServiceNow GRC: ServiceNow's Integrated Risk Management (IRM) and GRC products compete broadly with Finosec's governance platform. As a large platform with deep financial services penetration, ServiceNow represents a credible threat if it moves into the community bank segment.

Emerging players

• Hyperproof: Hyperproof is a SaaS compliance and GRC platform serving mid-market and emerging enterprises. Comparable in size and stage to Finosec with overlap in cybersecurity governance and risk management, though not specifically focused on community banks.
• Vanta: Vanta provides automated compliance and security monitoring primarily for technology companies. While not directly serving banks, Vanta represents an emerging compliance-automation player whose adjacent product capabilities and AI-driven approach could intersect with Finosec's Regi Ranger offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@finosec
• Facebookfacebook.com/finosec
• LinkedInlinkedin.com/company/finosec
• Xx.com/finosec

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finosec