Copilot Mode AI for Regulated Industries: What Actually Works | Alex Berkovic | 361

On this episode of SaaS Fuel, host Jeff Mains dives deep with Alex Berkovic, co-founder and CEO of Sphynx, a company modernizing compliance workflows in financial services with AI-powered agents. Alex shares his journey from design engineering at Imperial College and MIT, through founding Adorno AI, to transforming compliance for fintechs, banks, and payments processors with Sphynx.

The conversation explores how AI agents shift compliance teams from manual review to confident decision-making, reducing false positives and enabling scalable, reliable compliance. You’ll hear practical insights on building customer-driven products, adapting for global regulations, scaling teams and culture, and the evolving role of SaaS leadership in the age of AI.

Key Takeaways

00:00 "AI Transforming Compliance and Branding"

05:53 Manual Compliance Processes in Finance

09:16 AI-Powered Decision Support Systems

11:24 "Ensuring 99% Compliance Confidence"

13:23 "Frictionless AI Integration Process"

19:13 "Chasing PMF Relentlessly"

21:17 Founder-Led Sales Through Conferences

26:08 "Scaring Candidates to Attract Them"

29:08 "Hiring High-Agency Talent Matters"

31:41 "Firing Culture-Fit Employees"

33:30 "Early Startup Hustle Culture"

37:47 "AI Revolution in Compliance"

42:03 "Driving Engagement & Strategy Insights"

Tweetable Quotes

AI-Assisted Decision Making in Regulated Industries: "But what they can have is an AI agent, giving them a summary of all the different sources that we orchestrated, the reasoning that we had into making a decision, and them being the final point into making that decision." — Alex Berkovic [00:09:52 → 00:10:08]

AI and Compliance Risks: "In compliance, you can't have 20% where you're, I'm not sure. You can't even have 1% where you're not sure. If you onboard a sanctioned individual into your, your fintech or your bank, regulators are going to come in and hit you with a million-dollar fine." — Alex Berkovic [00:11:43 → 00:11:56]

Frictionless AI Integration: "We don't need an engineering team to integrate our product, right? We don't need you to integrate our API or whatnot. So we'll work on top of existing systems, just like an employee." — Alex Berkovic [00:13:32 → 00:13:42]

The Elusiveness of Product-Market Fit: "I always feel like it's like touching it by the tips of your finger, and then there's more to be done." — Alex Berkovic [00:19:18 → 00:19:23]

The Value of High-Agency Employees: "People that leave and start their own thing is great. It means that you've hired someone that was really good at what they were doing." — Alex Berkovic [00:29:47 → 00:29:51]

Viral Topic - Leadership Burnout: "Most leaders are exhausted from playing the lone hero, and it's killing both your results and your sanity." — Alex Berkovic [00:30:46 → 00:30:52]

Startup Hustle Culture: "I would rather work twice as much rather than hire someone that's gonna not be the right person because we feel we need too much help and we need to deliver." — Alex Berkovic [00:33:37 → 00:33:47]

SaaS Leadership Lessons

1. **Build Products Based on Customer Needs, Not Just Passion**

2. **Start with Co-pilot Mode to Build Trust Gradually**

3. **Escalate Uncertain Cases to Humans—Never Compromise on Accuracy**

4. **Onboard with Minimum Friction and Learn Company-Specific Processes**

5. **Hire Slowly, Fire Fast, and Prioritize Culture Over Credentials**

6. **Sustainable Leadership Means High Ownership and Constant Iteration**

Guest Resources

Alex Berkovic

[e-mail]

https://sphinxhq.com

https://www.linkedin.com/in/alexandreberkovic/

https://x.com/alexberkovic

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