Know Your Customer Compliance
Heightened regulations and increased enforcement to maintain Know Your Customer (KYC) procedures have increased spending on compliance and its manual processes. Conducting successful KYC compliance requires rigorous record-keeping and documentation. Processes are under meticulous examination from every angle, as threats to businesses arise from all corners of the world. Automation from document identification to location, extraction and validation of key data helps streamline compliance, reduce workload and ensure you meet KYC requirements while giving you a more accurate assessment of risk.
Parascript technologies turn a manual, error-prone, expensive and slow process into a real-time analysis of submitted documentation. From automated document identification to location, extraction and validation of key data such as name and address, Parascript can help streamline and automate key components of KYC compliance.