Botminds AI KYC Process Automation is a powerful no-code AI platform to empower compliance teams and streamline KYC processes with a single platform. It eliminates repetitive, low-value, manual and tedious tasks.

The platform enables AI-powered extraction of 100s of granular data points across multiple KYC documents & application forms; automated normalization and insightful analysis – thus, speeding up the process of KYC validation and onboarding.

Key highlights -

• Faster KYC Onboarding - Reduce hours spent on monitoring & reading documents for customer or vendor due diligence, with automated KYC extraction and auto-classification
• Improve KYC/AML compliance - Comply with KYC/AML standards issued by the central authority; reduce anti-money laundering (AML) risks by automating information discovery from form or publicly available documents & web pages
• Standardize KYC Processes - Manual analysis of KYC data and AML risks introduces subjectivity which can be reduced through automation; data being sensitive is automatically masked; tighter security
• Scale Up Team Capacity - Ability to extract and analyse large volumes and multiple types of KYC documents & web pages related to client or vendor information, accurately and efficiently

3. Analyse - To make Informed decisions: Powerful vertical search feature with defined filters to surface results from multiple KYC forms, including live data; empower compliance/ onboarding teams quickly retrieve relevant documents

4. Automate - To maximize efficiency: Role-based access and workflow automation, alerts and notifications; streamline KYC onboarding process with end-to-end automation, reviewed AI output is integrated with downstream systems via webhooks and APIs