Aereve provides a native-to-native language processing solution for Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance, specifically designed to address the complexities of Chinese character screening in cross-border fintech. Their technology reduces compliance costs and enhances operational efficiency for businesses navigating regulatory requirements in the Greater Bay Area and beyond.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face significant challenges in meeting Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance requirements, particularly when screening names and transactions involving Chinese characters. The intricacies of the Chinese language and the need to blend Eastern and Western data sources increase the complexity and cost of effective screening.
Solution
Aereve provides a RegTech solution that leverages patented native-to-native language processing to streamline AML/KYC compliance. Their technology addresses the complexities of Chinese character screening by using a blended approach that incorporates both Eastern and Western data and analytics. Aereve's integrated or modular design offers AML/CFT name and transaction screening, testing, cross-boundary KYC for mainland Chinese residents and companies, institutional and customer risk assessment, and threshold analysis. The solution is available via cloud, on-premises deployment, or API integration.
Target Audience
Aereve's primary customers are local and global enterprises, including financial institutions and fintech companies, that require AML/KYC compliance solutions, particularly those operating in the Greater Bay Area and dealing with Chinese character screening.
Features
- Patented native-to-native NLP technology for AML/CFT control
- Integrated or modular AML/KYC design for flexible deployment
- AML/CFT Name and Transaction Screening (Cloud, Deployed or API-based)
- AML/CFT Name and Transaction Screening Testing (Cloud-based)
- Cross Boundary KYC for Mainland Chinese Residents (Cloud-based)
- Cross Boundary KYC for Mainland Chinese Companies (Cloud-based)
- Institutional Risk Assessment / Customer Risk Assessment (Cloud-based)
- AML/CFT Name and Transaction Screening Threshold Analyzer (Cloud-based)
- Local and Global Media Search
- News & Social Media (Cloud-based)