Industry challenges
KYC and compliance
Driver's license, Social Security card, proof of address, Articles of Incorporation... every customer must be verified under FinCEN and BSA requirements.
Loan applications
W-2s, tax returns, purchase agreements: borrowing capacity must be proven and cross-verified.
Anti-money laundering
Verification of fund origins and amount consistency under the Bank Secrecy Act and USA PATRIOT Act.
Volume of files
Thousands of files to process with strict regulatory deadlines from FinCEN and state banking regulators.
Documents processed
- —Identity documents (Driver's License, U.S. Passport, State ID)
- —Social Security Number (SSN) card
- —Proof of address (utility bills, bank statements)
- —W-2 Wage and Tax Statements
- —IRS Form 1040 (Individual Income Tax Return)
- —Articles of Incorporation and EIN Confirmation Letter
- —Purchase agreements
- —ACH authorization and wire transfer orders
Automatic validations
- ✓Identity verified across all documents (name, DOB, SSN consistency)
- ✓Proof of address less than 90 days old
- ✓Income consistency between W-2s and tax returns
- ✓Borrowing capacity vs. requested loan amount
- ✓Articles of Incorporation and EIN verified via Secretary of State and IRS
- ✓Bank account and routing number consistency with account holder identity
Measured results
80%
time saved
+20%
fraud detected
-50%
processing time