ALCO provides a collaborative, agentic AI platform for lending institutions that automates identity verification, KYC, underwriting, and loan servicing tasks. The system uses OCR, biometric matching, and risk agents to generate detailed compliance dossiers, allowing human officers to focus on high‑level risk analysis while maintaining full audit trails. By handling routine data gathering autonomously, ALCO speeds up decision‑making and reduces false‑positive watchlist alerts.
Funding
Funding not disclosed
Founders
Product
Problem
Lending institutions must manually collect, verify, and analyze applicant data across KYC, underwriting, loan review, servicing, and collections, which is time‑consuming, error‑prone, and creates audit‑trail gaps for regulators.
Solution
Alco delivers an AI‑driven platform that automates identity verification, data extraction, and risk assessment while keeping human analysts in the decision loop. The system uses OCR to read ID documents, biometric matching to confirm live selfies, and integrates public records and media data to build a comprehensive compliance dossier. AI agents assign risk scores, flag watchlist matches, and generate detailed audit logs, enabling compliance officers to focus on expert analysis rather than data gathering. The platform’s collaborative workflow ensures that every step is transparent and auditable, accelerating false‑positive resolution and supporting regulatory compliance throughout the lending lifecycle.
Target Audience
Primary customers are banks, credit unions, and alternative lenders that need efficient, compliant KYC and underwriting processes, as well as compliance teams responsible for BSA/AML oversight.
Features
- OCR engine extracts structured data from identity documents in real time
- Biometric verification matches document photos to live selfies for instant authenticity checks
- AI agents enrich applicant profiles with public records, media mentions, and watchlist comparisons
- Automated risk scoring with explanatory context and a clear audit trail for each decision
- Collaborative case preparation that assembles a complete compliance dossier for human review
- Integration points for existing loan origination and servicing systems to streamline workflow