Empowering Organizations through Artificial Intelligence
Banks have migrated account opening for small and medium enterprises (SMEs) from physical branches to online digital forms. Customers enter their own information and upload incorporation documents. However, even with digital data capture, the end-to-end onboarding flow still takes an average of 7 to 9 days, mainly due to manual compliance checks
The customer submits the online application along with the company's incorporation documents
Manual screening against sanctions lists causes delays of 7 to 9 business days
Inconsistent manual review exposes the financial institution to regulatory non-compliance and sanction risk
A Slow, Noisy, and Risky Process
The relationship manager or onboarding analyst must identify all parties linked to the business —officers, shareholders, ultimate beneficial owners (UBOs), directors, authorized signers— and screen each one against four independent sanctions lists and control registers
A single SME can easily generate dozens or hundreds of names, especially with complex ownership structures or multi-level shareholder chains
Each query against the lists returns hundreds or thousands of possible matches, the vast majority being false positives that must be manually discarded
The analyst must open link after link, cross-reference partial identifiers, and make judgment calls under time pressure and high workload
The result is an inconsistent process that exposes the institution to regulatory, financial, and reputational risk
Turning Screening into a Single-Paragraph Decision
From the moment the customer initiates the digital onboarding flow, ComplyCore (AI-based compliance agent + SaaS platform) takes over the operational burden of the process:
Automatically extracts all relevant names from incorporation documents and files uploaded by the customer, including spelling variants, aliases, and role labels
Runs simultaneous searches against all four sanctions lists in parallel, consistently and with full audit trail
Applies AI reasoning to resolve party identities: distinguishes between homonymous individuals, flags genuine matches, and suppresses obvious false positives
Generates a 'No issues detected' result for most names. When something relevant is found, it produces a single concise paragraph: what it is, why it matters, and the recommended action
The AI engine reads and interprets incorporation documents and automatically extracts all parties linked to the business
Performs simultaneous searches against all applicable sanctions lists and control registers
AI reasoning eliminates false positives and identifies genuine matches that require attention
Issues clear, contextualized decisions only when a relevant finding requires human review
What used to take hours of manual review now becomes minutes of reading for the human analyst, with a drastic reduction in false positives and minimal variability between reviewers
From hours to minutes per processed application
Significantly fewer alerts requiring manual review
Average onboarding time drastically compressed
Discover how ComplyCore can compress your SME onboarding from days to hours while reducing regulatory risk