Traditional KYC processes are slow, manual, and error-prone—requiring human reviewers to parse unstructured documents like scanned IDs, utility bills, and customer-submitted forms. This manual burden creates bottlenecks in onboarding, increases compliance risk, and reduces the customer experience quality. It also exposes sensitive documents to unnecessary human access and potential data leakage.
Extract automates Know Your Customer (KYC) document verification by intelligently ingesting, classifying, and validating identity documents in real time. Using advanced OCR and LLM-based document understanding, it extracts structured data like names, addresses, and dates from scanned files, identifies document types without needing rigid templates, and cross-validates against CRM or application records. All operations occur within secure enterprise environments, preserving data privacy and auditability.
Extract turns document-heavy KYC processes into streamlined, automated workflows that intelligently extract and verify critical identity information. It boosts onboarding speed, reduces risk, and ensures secure processing — all within enterprise-controlled environments.