Larry Shumbres (Archive Intel)
Overview
Larry Shumbres is an American fintech entrepreneur and the CEO and founder of Archive Intel, a company that specializes in AI-powered compliance solutions. Archive Intel provides Software as a Service (SaaS) solutions focused on archiving and surveillance, transforming how businesses manage compliance and mitigate risks, especially within the financial sector. Shumbres has a notable track record in the fintech industry, including previous ventures that highlight his expertise in leveraging technology to address industry-specific challenges.
Recent Developments
Over the past few years, Larry Shumbres has been actively growing Archive Intel, with several developments painting a clear picture of his strategic focus and the company's direction:
- January 2025: Archive Intel was featured in a podcast, emphasizing its impact on AI compliance solutions.
- November 2024: Archive Intel announced a strategic partnership with Stocktwits to enhance compliance solutions for financial firms.
- August 2024: Rossby Financial adopted Archive Intel's solutions, highlighting Archive Intel's widening influence in the RIA (Registered Investment Advisor) market.
- August 2024: Archive Intel successfully integrated iMessage and WhatsApp archiving with advanced whitelisting capabilities.
- May 2024: The company secured $1 million in seed funding from Social Leverage, a move aimed at expanding AI capabilities and communications connections.
- April 2024: Archive Intel launched its multi-channel archiving platform, addressing significant compliance and regulatory needs for financial services entities.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Larry Shumbres |
| Born | N/A |
| Nationality | American |
| Occupation | Entrepreneur, CEO of Archive Intel |
| Known For | Founder and CEO of Archive Intel |
| Net Worth | N/A |
| Education | University of Pittsburgh |
Early Life and Education
Larry Shumbres graduated from the University of Pittsburgh, a detail that forms the foundation of his education in the tech and business domains. Though specific details about his early life are scarce, Shumbres grew up in a culture where innovation and entrepreneurship were valued, which likely shaped his career choice. As a college student, Shumbres was reportedly involved in various tech initiatives, sparking his interest in the intersection of technology and business.
Career and Notable Achievements
Larry Shumbres' career is marked by several milestones:
- Totum Risk (CEO): Before founding Archive Intel, Shumbres was the CEO of Totum Risk, an investment risk analysis company, which was later acquired by TIFIN Wealth in 2020.
- Presults (CEO): He also headed Presults, a company specializing in compliance solutions.
- Archive Intel (Founder & CEO): Established in 2023, Archive Intel quickly became a leader in AI-powered compliance and communications archiving solutions, focusing initially on the financial sector. Under his leadership, the company has enhanced its platform to support various communication channels, securing compliance for financial advisors and large institutions.
Current Work and Impact
Larry Shumbres is currently focused on expanding Archive Intel's influence in the fintech space. His work emphasizes the integration of advanced AI to streamline compliance processes, reduce operational risks, and improve efficiency across industries. Shumbres continues to lead initiatives that set new standards in compliance technology, aiming to mitigate the costly regulatory risks that financial institutions face.
Conclusion
Larry Shumbres stands out as a pivotal figure in fintech, contributing significantly to the field of compliance technology with his innovative approach. Archive Intel, under his leadership, not only meets the current demands of the financial compliance landscape but also anticipates future challenges. Shumbres remains committed to leveraging technology to drive efficiencies, making him a noteworthy player in the domain of financial technology and compliance solutions.