Accelerating Compliance Through AI-Powered Document Intelligence
A global, financial institution’s onboarding team struggled with slow, manual, and error-prone KYC data extraction. A generative AI–powered document intelligence solution automated the extraction and validation of compliance information across structured and unstructured sources. The organization improved data accuracy, boosted compliance confidence, saved roughly two hours per analyst each day, and scaled onboarding capacity without adding staff.
Challenge
A financial services institution onboarding operations team faced a time-consuming and error-prone process to extract and validate customer data for Know Your Customer (KYC) compliance. Analysts spent up to two hours each day manually extracting and validating customer data, which slowed onboarding timelines, introduced errors, and diverted attention from more strategic compliance work.
Solutions & Impact
Bounteous implemented a Generative AI solution that uses natural language processing and document intelligence to automate the extraction and validation of KYC-relevant information from both structured systems and unstructured documents. The solution Improved data accuracy, enhanced compliance confidence and saved 2 hours per analyst per day.
With automation in place, the onboarding process scaled to support higher volumes without additional headcount.
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