Compliance and client onboarding teams

Need to verify that information provided by customers is accurate

and compliant with their own policies and legal obligations. As part of this process, client onboarding teams might need to cross reference client provided information with other documents from third party sources.

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TextMine helps streamline manual document verification workflows by automatically pulling the key information from client documents such as entities, subsidiaries as well as answers to forms. TextMine’s versatile AI extraction capabilities allow you to extract values or answer questions about documents accurately and swiftly.

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Top use cases in compliance

Client onboarding: review client incorporation and shareholder documents faster to identify potential discrepancies. Reconstruct registers of members and cap tables.

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Third party risk management: extract KYC information from third party documents such as 10-K and 20-Fs to ensure that your potential clients are not exposed.

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Global Correspondence banking: review answers to third party questionnaires such as Wolfsberg CBDDQ forms to check potential partners’ compliance with your own internal policies and standards. Accelerate the AML review process without compromising on quality and risk.