Process KYC documents with up to 99.5% extraction accuracy.
Leverage the power of AI and automation to extract relevant data from KYC documents. For example, automate the customer data verification process using credentials like name, date of birth, address, or social security number. Also, build new workflows that perform continuous due diligence on customer data. Monitoring every customer’s activity is necessary to mitigate risks.
Use Cases
1Identity Verification
Kanverse helps enterprises verify customers' identities, submitted documentation, and data. As a result, it helps to identify new customers seamlessly and promotes faster customer onboarding.
2New account opening
Build innovative banking products that streamline the processing of handling customer onboarding documents to reduce new account opening time. In addition, build robust compliance that automatically approves customer transactions faster - depositing checks, buying/selling securities, or transferring balances within the network.
3Foreign Account Tax Compliance Act (FATCA) Scanning
Ensure compliance with the Internal Revenue Service's FATCA regulation and other mandates by automating the traditionally manual-driven process of screening accounts individually to check customers' tax-obligation links to the U.S. government based on FATCA guidelines.
4Mortgage Document Verification
Ingest documents from multiple sources, and by building an automated workflow, Kanverse helps its customers to streamline the verification of mortgage documents. It shortens processing times, improves productivity and customer satisfaction, and enforces standardization and compliance.
Passport
Identity Cards
State-issued ID Cards
Utility Bills
Social Security
Green Cards
Key Features
Multi-channel KYC documents ingestion
The Kanverse system automatically detects and imports KYC documents from multiple channels (Digital mailroom, FTP, SharePoint, etc.) for processing
99.5% extraction accuracy while processing KYC 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 KYC document seamlessly
Seamlessly classify KYC documents with AI
The system classifies KYC documents based on type for processing.
Protect & prevent access to sensitive PII data
System identifies and blurs out the PII sensitive information from the KYC documents from agents.
Validate the KYC data with Integrated business rule framework
Kanverse business rules framework applies business logic to the extracted data and verifies it based on requirements
Automated KYC 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 KYC documents
Collaborate with team members from within the product in the context of processing the documentsz.
