Former Bank of America, EY, and Protiviti executive brings more than 25 years of financial services technology and financial crimes compliance experience

SAN FRANCISCO--(BUSINESS WIRE)-- Bretton AI, the agentic platform for financial back office operations, today announced that Rick Shooman has joined the company to lead Bretton AI Managed Services. The launch comes as banks prepare for proposed AML/CFT reforms from FinCEN and federal banking regulators that would place greater emphasis on program effectiveness, risk-based operations, and the use of modern technologies such as AI in compliance programs. Bretton AI Managed Services gives financial institutions a new operating model for running financial crime operations under that evolving regulatory landscape.

“For years the answer to rising requirements for compliance operations was more people. The FinCEN proposal reflects what operators already knew: volume was never the goal and paperwork was never the point,” said Will Lawrence, Co-founder and CEO of Bretton AI. “Bretton AI Managed Services is built for what the model regulators are moving toward, where success is measured by outcomes rather than headcount. Rick has led these programs from inside a bank and across the industry, and he'll help financial institutions make that transition.”

Introducing Bretton AI Managed Services

Bretton Managed Services combines the company's AI platform with a dedicated U.S.-based operations and forward deployed engineering team to run compliance operations, including financial crime workflows across AML, KYC, sanctions and fraud. Rather than providing software for banks to operate themselves or traditional outsourced staffing, Bretton assumes responsibility for delivering compliance operations on customers' own data and policies, with audit-ready outputs and human oversight.

The offering is designed for institutions looking to reduce dependence on labor-intensive managed services while modernizing compliance operations amid changing regulatory expectations.

Rick Shooman to Lead the Practice

Shooman brings more than 25 years of experience in financial services technology, including more than 15 years building and transforming financial crime programs. He spent six years leading financial crimes technology at Bank of America before spending the next decade advising banks of every size – from community institutions to global banks – on financial crimes transformation, technology implementation, managed services, and operational modernization. Most recently, he was a Managing Director in Protiviti's Financial Crimes consulting practice.

“Financial crime operations have become more complex and more expensive for institutions to manage,” said Shooman. “What drew me to Bretton AI is the combination of technology and managed services. This is a win-win for banks and other regulated financial institutions as it provides cost savings while avoiding the capital investment needed to advance their AI agenda.”

The launch of Bretton Managed Services follows Bretton AI’s recent platform launch and its $75 million Series B and rebrand from Greenlite AI to Bretton AI earlier this year. The company is trusted by OCC-, FDIC- and Federal Reserve-regulated banks and global financial platforms, with AI agents used to staff high-volume financial crime workflows including KYC and KYB reviews, AML and sanctions investigations, and ongoing monitoring.

About Bretton AI

Bretton AI runs AI-native operations for the financial back office. Banks and financial institutions use Bretton AI to modernize compliance, risk, fraud, lending, and operations through its software platform and Bretton AI Managed Services. Built for regulated work, Bretton AI operates on each institution's own data and policies, with every output traced, cited, and audit-ready. Founded in 2023, Bretton AI is headquartered in San Francisco and is backed by Greylock and Sapphire Ventures.

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Source: Bretton AI