Use Case · Insurance & Finance
KYC & AML
Compliance
Customer identification, sanctions list screening, PEP checks, and ongoing monitoring, automated, fully documented, regulatory-compliant.
Why KYC & AML Is a Lever
Compliance effort is growing faster than your team
Know Your Customer and Anti-Money Laundering are not optional processes, they are legal obligations.
Every new customer, every material contract change, every suspicious transaction must be screened. AML regulations and supervisory requirements define clear standards and audit intensity is increasing.
In practice: a compliance officer researches the customer across 3–5 different systems. Company registers, sanctions lists (EU, UN, OFAC), PEP databases, adverse media. Per customer: 20–45 minutes. At 500 new customers per month: 170–375 hours of pure KYC screening. Plus re-screenings, event-triggered reviews, and ongoing transaction monitoring.
The documentation burden is equally heavy: every check must be documented in an audit-proof manner, when, what, by whom, with what result. During a regulatory audit, everything must be instantly verifiable. The risk isn’t just regulatory – a failure can mean multi-million fines and reputational damage.
How the Process Changes
Before / After
per KYC check (standard new customer)
The Solution in Detail
How We Automate KYC & AML
01
Automatic Data Collection & Identification
The AI agent gathers all relevant customer data from CRM, applications, and public registers. For legal entities: company register, beneficial owners, UBO chain. Everything in one structured profile.
Integration with CRM, electronic company registers, transparency registers. Automatic UBO determination. Document verification (IDs, incorporation documents) via OCR and AI.
02
Parallel Multi-Source Screening
Sanctions lists (EU, UN, OFAC, UK), PEP databases, adverse media – all checked simultaneously. Fuzzy matching resolves name similarities, transliterations, and aliases. Result: clear risk scoring.
03
Ongoing Monitoring & Event Triggers
Not just at onboarding – continuous surveillance. When an existing customer appears on a sanctions list, PEP status changes, or negative media coverage emerges: immediate notification. Automatic re-screenings at defined intervals.
Daily batch matching against updated lists. Event-based triggers on contract changes. Automatic follow-up scheduling for periodic reviews.
04
Compliance Dashboard & Audit Trail
Every check fully documented: when, what, against which lists, with what result, who decided. Dashboard with open checks, due dates, risk profiles. During a regulatory audit: everything at the push of a button.
Power BI dashboard. Complete audit trail. KPIs: checks/month, hit rate, cycle time, open reviews. Export for regulators and internal audit.
Results
What KYC Automation Typically Delivers
90%
KYC checks
0
deadlines
100%
complete
−70%
effort
The greatest leverage isn’t the speed – it’s the completeness. A missed re-screening deadline can mean a fine of €1M+.
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Ready?
How many KYC checks does your compliance team process per month?
Let’s look in 30 minutes at how automated screening and continuous monitoring can relieve your compliance team, without compromising quality.
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