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KYC automation for non-US entities – still a mess?
Curious if anyone's found genuinely effective KYC automation for onboarding non-US based entities or individuals recently, especially from higher-risk jurisdictions. My team's still doing a ton of manual review because the 'AI-powered' solutions we've demoed choke on diverse document types and language variations, leading to more exceptions than they resolve. Are we just behind the curve, or is this still a general industry struggle for global compliance?
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We've had similar experiences. The "AI" often seems to be more of a fuzzy matching engine than true intelligence, leading to a lot of false positives and negatives that need manual review anyway. Are you finding specific document types or languages to be the biggest hurdles?