Parcha is an AI-driven compliance automation platform designed to streamline and expedite customer onboarding processes for financial institutions and fintech companies. By leveraging advanced artificial intelligence, Parcha automates the verification of business registrations, ownership documents, and conducts thorough due diligence, significantly reducing the time and resources traditionally required for compliance checks.
With support for document verification in over 60 languages, Parcha ensures global applicability and scalability. Its intelligent algorithms minimize false positives in adverse media and sanctions screenings, enhancing the accuracy of compliance decisions. By integrating seamlessly with existing systems through robust APIs and webhooks, Parcha enables businesses to maintain strong compliance standards while accelerating growth and operational efficiency.
