Instant, accurate KYB verification
The AI Compliance Analyst (now in beta) automates KYB checks using detailed document analysis and rich data sources, like Secretary of State records, for faster, safer, and more efficient onboarding.
KEY FEATURES
All the KYB checks you need, none of the manual work
Verifies business incorporation status instantly
Checks the company's legal registration status by verifying its active standing with the Secretary of State and reviewing incorporation documents, alerting you to issues such as bankruptcy or termination.
Confirms the company has an online presence
Evaluates a company's online presence and legitimacy, including analyzing associated social media profiles and their engagement for deeper insights.
Surfaces negative news about the company and owner
Identifies negative news or legal issues associated with the company and the beneficial owner.
Compares bank transactions with business activity
Analyzes bank statement transactions to ensure they align with the company's stated business purpose, highlighting any discrepancies.
Validates the business owner's connection to the company
Confirms the individual's relationship to the company by verifying business ownership through Secretary of State data.
Delivers clear verdicts and auditable summary reports
Provides a clear pass, fail, or inconclusive result for each KYB check, an overall applicant verdict, and an auditable summary report.
How it Works
From 30 minutes to just 90 seconds
01
Conducts research
Send applicant data and documents to Inscribe, and our AI Compliance Analyst will research the company and beneficial owner while checking the provided documents for fraud.
02
Delivers analyses
The AI Compliance delivers its analysis on the research conducted, including incorporation status, web presence, adverse media, transaction analysis, and source of funds.
03
Makes recommendations
The AI Compliance Analyst summarizes its findings with clear pass, fail, or inconclusive recommendations, helping you make faster and more accurate decisions.
04
Writes reports
Finally, you receive an auditable summary report in clear, natural language, detailing the business, recommended next steps, and all checks performed.
Customer Story
Large fintech reduces KYB compliance burdens with the AI Compliance Analyst
Challenges
They wanted to streamline business compliance checks by using new technology or hiring a fraud analyst to handle the workload.
Solution
Since using our AI Compliance Analyst, they’re automating business due diligence, uncovering details their analysts overlooked, and scaling onboarding with technology instead of headcount.
80%
automation of Secretary of State checks
32%
complete KYB automation
95%
precision on business decline recommendations
Why inscribe
More accurate than traditional KYB solutions
Get the most updated data
Because our AI Compliance Analyst conducts live web searches, it taps into the most current information, ensuring your decisions are driven by the freshest and most accurate data available.
Build a complete understanding
Our AI Compliance Analyst also processes documents to help build a complete KYB profile. Without these documents, verifying key details like the source of funds becomes difficult.
Boost
performance
By using LLM-powered interpretation, our AI Compliance Analyst better understands complex data, resulting in more accurate decisions and fewer false positives.
Add-on Options
LLM-powered risk features and add-ons
Advanced parsing
Use Inscribe to extract detailed data from documents such as bank statements (think transactions), checks, pay stubs, W-2s, tax returns, and P&L statements.
Cashflow analysis
Streamline document requests, ensure the right files are submitted, and create a faster, more secure experience for both you and your applicants with our customizable document collection portal.
Document collection
Streamline document requests, ensure the right files are submitted, and create a faster, more secure experience for both you and your applicants with our customizable document collection portal.
FAQs
01
What is the AI Compliance Analyst?
The AI Compliance Analyst is an AI Agent specifically designed for compliance teams. It automates KYB checks, streamlines data verification, and uncovers hidden risks to help businesses onboard customers faster and reduce regulatory risk.
02
How does the AI Compliance Analyst automate KYB checks?
The AI Compliance Analyst automates the process of gathering and verifying data from various sources like Secretary of State records, bank transactions, and adverse media. It eliminates the need for manual document reviews and streamlines compliance workflows.
03
What risks can the AI Compliance Analyst detect during KYB checks?
The AI Compliance Analyst can detect risks like fraudulent incorporation statuses, negative media coverage, unusual financial transactions, and discrepancies in beneficial ownership. It also analyzes funding sources to identify potential money laundering risks.
04
How does the AI Compliance Analyst verify a company’s legitimacy?
The AI Compliance Analyst checks the company’s incorporation status with the Secretary of State, verifies its web presence, reviews bank transaction activity, and evaluates ownership connections. These checks help confirm whether a business is legitimate or potentially fraudulent.
05
What are the key features of the AI Compliance Analyst?
Key features of the AI Compliance Analyst include real-time verification of incorporation status, adverse media detection, transaction analysis, and funding source evaluation. It also conducts detailed checks on beneficial owners and their connection to the company.
06
How does the AI Compliance Analyst help businesses save time?
By automating tedious KYB checks, the AI Compliance Analyst saves businesses hours of manual work. It quickly reviews documents and verifies data, allowing compliance teams to focus on complex cases rather than routine verifications.
07
How does the AI Compliance Analyst streamline the onboarding process?
The AI Compliance Analyst speeds up the onboarding process by detecting risks early and automating the verification of business details. This enables businesses to approve legitimate customers faster without sacrificing accuracy.
08
How does the AI Compliance Analyst ensure data privacy and security?
The AI Compliance Analyst is SOC II and ISO27001 certified, ensuring strong data privacy and security. We securely store and encrypt all data within our Virtual Private Cloud (VPC) and never send personally identifiable information (PII) to external models.
09
What makes the AI Compliance Analyst different from traditional KYB solutions?
Unlike traditional KYB solutions that rely on manual checks and fragmented data sources, the AI Compliance Analyst provides a comprehensive, automated approach. It integrates multiple checks in real time and offers high precision, reducing the need for manual intervention.
10
How accurate is the AI Compliance Analyst in detecting KYB red flags?
The AI Compliance Analyst offers over 95% precision in detecting KYB red flags. Its ability to analyze detailed documents and data sources ensures high accuracy and helps businesses reduce the risk of approving fraudulent or non-compliant entities.
