KYC Compliance Accelerator
Streamline customer due diligence with traceable verification.
Challenges
Invoice operations break at scale. Agentic AI is required to restore control, accuracy, and speed across the invoice lifecycle.
Fragmented Invoice Data
Invoices arrive across emails, portals, ERPs, and scanned documents. Data stays siloed, inconsistent, and difficult to standardize in real time.
Slow Approval Cycles
Approvals move across disconnected systems and stakeholders. Delays result in missed SLAs, late payments, and strained vendor relationships.
Manual Validation Overload
Line-item checks, tax validation, and PO matching depend on manual effort. Exceptions accumulate faster than teams can review and resolve.
Limited Audit Traceability
Invoice decisions lack end-to-end visibility and context. Audits require manual reconstruction instead of instant, explainable records.
What Defines Us
KYC Compliance Accelerator consolidates identity verification and AML screening into a governed workflow. It captures IDs and supporting documents, extracts key fields, and matches them against external and internal lists. Each match or discrepancy is linked back to its originating document or data source. Exceptions trigger case alerts for manual review, and actions are recorded in an immutable audit trail. By integrating extraction, screening, and compliance tracking, the system ensures consistent due diligence and audit readiness.
Template-free, Accurate Invoice Data
Extraction — in a Few Clicks
Extract and validate customer identity documents, screen against watchlists, and maintain compliance logs accessible for regulators and audits.
Efficiency
Faster Processing
Cost Saving
Accuracy
See KYC Screening in Action
Observe how documents are captured, entities extracted, and risk scores generated — all with traceability back to original data and watchlists.
AI Workflow Automation
Automate the entire invoice processing workflow from capture to payment. End-to-end automation
Intelligent Chat Interface
Interact with invoices using natural language queries. Ask questions, get insights
Real-time Dashboard
Monitor invoice processing metrics and status in real-time. Live updates and analytics
Detailed Invoice Summary
Get comprehensive summaries and validation of invoice data. Accurate extraction and validation
Get the answers you need
Find clarity on our solutions, capabilities, and how we can support your business.
KYC stands for “Know Your Customer.” KYC Onboarding refers to the steps a business or bank or financial institution must take to verify the identity and risk levels of (new) customers or entities such as vendors. The KYC process is performed by businesses to prevent illegal activities such as money laundering or fraud, in return protecting the best interests of both the company and the client.
In India, guidelines have been issued by the central authority - the Reserve Bank of India (RBI) - on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards, that businesses need to comply with.
Ever changing AML regulations & Sanctions requirements makes institutional KYC a critical process in the customer or vendor onboarding lifecycle. Adverse news monitoring cannot be relied upon as a manual subjective process. The number of databases and sources to be tracked is a continuously growing large list, with its compliance process is getting complex. Unstructured documents involved makes it as a subject matter expert (SME) heavy process with lots of checks & balances and huge cycle-time for every customer or vendor onboarding. Penalties for any misses running into millions to serious business implications and further reputation challenges, AML is a key process that needs augmentation by AI to bring in reliability in confidence as well as standardization of the process.
AI-powered discovery of data from documents and web, auto-classification and analysis greatly reduce subjectivity and time involved in manually verifying multiple KYC documents per application. The automated KYC process is remote and paperless process that saves costs, increases efficiency, and tackles challenges that traditional KYC processes pose such as delays in customer or vendor onboarding, misses and errors etc.
Botminds KYC process automation solution can be leveraged by the onboarding teams across industries – Government, Banking, financial services, E-commerce, Insurance, Hospitality, Marketplaces, Logistics, etc. The workflows can be customized as per specific regulations in the industry and as per the needs of the entity.
Botminds KYC Process Automation works seamlessly with documents of varied formats and types. It also supports scanned documents, native PDFs and web sources.
Botminds AI ensures 100% data security. Botminds is ISO 27001:2013 and SOC2 Type II certified.
Botminds AI can be deployed in two modes – both of which are completely secure. 1) SaaS mode – in a multi-tenant model 2) Private Cloud deployment – data does not leave the business’s secure environment