Intrepid Fox develops AI business solutions focused on verifying complex corporate data structures. The company provides specialized tools for ownership structure verification and business nature confirmation. These services enhance compliance and operational transparency for enterprises.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in efficiently collecting and verifying Know Your Business (KYB) documents, leading to high onboarding costs and slow processing times. Manual KYB processes are prone to errors and can struggle to keep pace with evolving regulatory requirements.
Solution
Intrepid Fox provides a Generative AI-powered solution that automates the collection and verification of documents required for KYB compliance. The platform uses AI to engage with business customers, gather necessary documentation, and verify the authenticity of submitted information. It identifies the business's SIC code and verifies it against invoices and contracts, confirms directors' powers using the Articles of Association, and validates ownership structure using shareholder documents and online registers. The AI solution summarizes findings in a report, enabling compliance officers to make informed decisions quickly.
Target Audience
The primary target audience includes banks and fintech companies seeking to streamline their business customer onboarding and transaction monitoring processes.
Features
- AI-powered document collection and verification
- Automated SIC code identification and verification
- Director's power verification using Articles of Association
- Ownership structure verification using shareholder documents and online registers
- Conversational AI for direct interaction with business customers to clarify documentation requirements
- Summary report generation for compliance officer review
- GDPR compliance with data hosted on Microsoft Azure cloud environment localized in the EU and the UK
- API access for KYB processes without conversational mode