Your AI agent for
Perform checks to screen customers against adverse media, sanctions lists, politically exposed persons (PEP) databases, and state-owned entity registries to identify high-risk individuals and organizations for anti-money laundering compliance.
Resolve cases 10X faster with AI
Parcha AI agents complete deep research and analysis on hundreds of entities across thousands of datapoints to assess compliance risk in minutes.
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Business Authenticity Verification
Verify basic business information by comparing self-attested data against web research findings. Automatically validates business name, registration, industry classification, and operating status to ensure authenticity.
- Instant verification of business authenticity using comprehensive web research
- Automated comparison of self-reported data against publicly available information
- Real-time detection of discrepancies in business registration and operational details
Individual Risk Intelligence
Deep due diligence on individuals to identify information that can be used to discount alerts, e.g., employment history, address history, social media accounts.
- Enrichment from multiple sources to identify addresses, social media, next of kin, and more
- Open-source intelligence gathering across multiple criteria like employment, property ownership, business ownership
- Advanced matching capabilities to distinguish between individuals with the same name
Negative News Monitoring
Identify potential business risks by analyzing news articles, media coverage, and customer reviews across multiple sources. Automatically screens for negative coverage, regulatory investigations, legal proceedings, and reputational issues.
- Comprehensive media monitoring across global news sources and review platforms
- Instant detection of regulatory investigations, legal proceedings, and compliance issues
- Automated risk assessment with detailed source documentation for audit trails
Real-Time OFAC Compliance
Screen individuals and businesses against global sanctions lists including OFAC, UN, EU, and HMT databases. Automatically validates against all major sanctions databases with real-time updates and intelligent matching algorithms.
- Real-time screening against OFAC, UN, EU, and HMT sanctions databases
- Intelligent matching algorithms reducing false positives while ensuring compliance
- Automated sanctions monitoring with instant alerts for list updates
Smart PEP Risk Detection
Identify Politically Exposed Persons (PEPs) and their associates through comprehensive database screening and risk assessment. Automatically screens against global PEP databases with intelligent context analysis to reduce false positives.
- Comprehensive PEP screening against global databases and watchlists
- Intelligent context analysis reducing false positives by 90%
- Automated risk assessment with detailed PEP profile documentation
Testimonials
"Parcha's AI agent for deep business due diligence let us accelerate our fraud & compliance processes without compromising quality, which is exactly what we need to scale rapidly across multiple markets."
Luke Voiles
CEO of Pipe
"With Parcha, we can deny businesses that do not meet our BSA/AML requirements 90% faster, which gives us more time to focus on the customers we approve."
Romeo Ju
CEO of Bancoli
"With Parcha, we’ve gone from routine Level 1 reviews to high-impact investigations — without increasing headcount."
Amaresh Mohan
Chief Risk Officer at Flutterwave
"Parcha gives us easy-to-use tools to automate verification of business registration and ownership documentation in multiple languages, easily adapting to new jurisdictions as we encounter them."
Eric Weingarten
Chief Compliance Officer at Bridge (acquired by Stripe)
20+ compliance checks available
Browse our library of identity & business verifications
Customize your AI Agent with the compliance checks that fit your workflow.
| Compliance Check | Link |
|---|---|
| Address Verification | Link |
| PEP Exposure | Link |
| Sanctions & Watchlists | Link |
| Source of Funds | Link |
| Merchant Categorization Code | Link |
| High Risk Industries | Link |
| Customer Reviews | Link |
| High Risk Countries | Link |
| Business Ownership | Link |
| Business Deep Research | Link |
| State Owned Entity | Link |
| Legal Entity Status | Link |
| Incorporation Documents | Link |
| Proof of Residence | Link |
| Source of Income | Link |
| EIN Verification | Link |
| MCC Classification | Link |
| TIN Validation | Link |
| Adverse Media | Link |
| Person Deep Research | Link |
Frequently Asked Questions
How accurate are Parcha AI agents?
Parcha AI agents consistently achieve 95-99.7% accuracy across all verification types, significantly outperforming manual processes. Our accuracy rates are validated by real customer deployments like Flutterwave, which achieved 99.7% accuracy in production.
How does Parcha reduce AML false positives?
Parcha uses intelligent context analysis, cross-referencing screening hits against verified web presence and career history. This reduces false positives by 90% while maintaining 100% detection of genuine risks through comprehensive validation.
What databases does Parcha check for AML screening?
Parcha screens against all major databases including OFAC, UN, EU, HMT sanctions lists, plus comprehensive PEP databases and global adverse media sources. We continuously update our database coverage as new sources become available.
How long does it take to get results?
Most verification processes complete in 2-5 minutes, compared to 20-120 minutes for manual processes. Simple checks like business profiles complete in under 30 seconds, while comprehensive due diligence takes 2-3 hours instead of 24+ hours manually.
Is my data secure with Parcha?
Yes, Parcha is SOC 2 compliant with enterprise-grade security. All data is encrypted in transit and at rest, we maintain comprehensive audit logs, and we never store sensitive data longer than necessary for processing.
Parcha is enterprise-grade
Parcha is built with enterprise-grade security, privacy and compliance. We put guardrails and limitations on AI to make sure you are always in control.
SOC 2 Type 2
Parcha is SOC 2 Type 2 compliant as evaluated by a third-party security auditor.
Security
Each customer gets a private instance with SSO and granular access controls.
Control
You are always in control of how AI is used to carry out each step in your compliance workflow.
Built by a team you can trust
Launch your own compliance AI agent in minutes.
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Use Cases
Banking as a Service
Give your customers AI agents to remain compliant with your program without slowing down their ambitions
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Lending
Speed up your underwriting pipeline with AI-powered business due diligence, screening and document extraction.
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Crypto
Get your customers onchain faster, while mitigating risks and remaining compliant with our end-to-end AI-powered KYB/KYC solution.
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Digital Banking
Every customer counts in today’s market. Approve and activate more customers faster with AI-powered KYB/KYC automation that will process and remediate manual review cases 10X faster than your operations team.
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