Process Financial statements with up to 99.5% extraction accuracy.
Leverage the power of AI and automation to extract relevant data from financial statements - Income Statement, Cash Flow Statement, Balance Sheet, and annual reports etc. Build a robust and resilient anti-money laundering compliance policy by automating the KYB document processing workflows.
Use Cases
1Automate business verification
Kanverse helps businesses with which the company wishes to conduct business. Kanverse automatically verifies the new entity's identities, submitted documentation, and data. As a result, enterprises can onboard new entities faster than their competitors.
2AML & Compliance
Build a holistic approach to enforce business operational compliance through the Kanverse KYB automation product. Seamlessly verify companies' potential customers, corporate information, and personal information of the high management. Know your business (KYB) verification is a company's anti-money laundering compliance.
3Ultimate Beneficial Owner (UBO)
Determine and assess your client businesses' ownership and control structure faster and more accurately. Gather insights on a company and its ownership at each stage in the KYB process with additional scrutiny based on custom requirements that help to perform faster due diligence.
4Legal Entity Structure
Leverage Kanverse to determine and assess the legal structure of the customer's business, identify critical stakeholders, and determine past business relationships, account details, and other corporate details.
Income Statement
Balance Sheet
Statement of Cash Flows
Accompanying Disclosure
Statement of Shareholders Equity
Annual Report
Key Features
Multi-channel KYB documents ingestion
The Kanverse system automatically detects and imports KYB documents from multiple channels (Digital mailroom, FTP, SharePoint, etc.) for processing
99.5% extraction accuracy while processing KYB documents
Kanverse combines multiple AI technologies with OCR; it delivers an industry-leading unmatched extraction accuracy score
Automated data capture with AI
Kanverse vision AI inspects and comprehends every element in the KYB document seamlessly
Seamlessly classify KYB documents with AI
The system classifies KYB documents based on type for processing.
Protect & prevent access to sensitive PII data
System identifies and blurs out the PII sensitive information from the KYB documents from agents.
Validate KYB data with Integrated business rule framework
Kanverse business rules framework applies business logic to the extracted data and verifies it based on requirements
Automated KYB document processing workflow
From the moment the documents arrive in the system till the extracted data is published to systems of records – the entire workflow is automated.
Seamlessly collaborate to verify and process KYB documents
Collaborate with team members from within the product in the context of processing the documents.
