Recase provides a platform for fintech companies to automate their customer onboarding flows by resolving cases that typically require manual review. The system uses AI rules and actions for automated checks, including document review and AML false positive detection, to increase instant approvals. It features a drag-and-drop builder for customizing compliance processes and a case management system for visualizing and assigning complex application data.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Fintech companies face challenges in efficiently onboarding new customers and vendors due to complex compliance requirements and reliance on manual review processes. Integrating with multiple third-party data sources for verification and risk assessment can be time-consuming and require extensive testing, leading to delays and increased operational costs.
Solution
Recase offers an automated onboarding platform designed to streamline compliance processes for fintechs. The platform integrates with existing and new data sources, allowing for a unified view of application data. By leveraging AI-powered document reviews, website scraping, and AML false positive detection, Recase automates checks that previously required manual intervention. The platform's drag-and-drop builder enables users to automate compliance processes and iterate on decision rules without requiring engineering resources. This results in faster vendor integration and increased instant approval rates.
Target Audience
Recase primarily targets fintech companies seeking to automate and accelerate their customer and vendor onboarding processes while maintaining compliance with regulatory requirements.
Features
- AI-driven document review for automated verification of submitted documents
- Website scraping to assess applicant's online presence and legitimacy
- AML false positive detection to reduce manual review of potential compliance issues
- Drag-and-drop builder for creating and customizing automated onboarding workflows
- Integration with third-party data sources for comprehensive data aggregation
- Customizable case management system for manual review of applications and alerts
- Graph visualization for complex data analysis and decision-making
- Automated in-app notifications and email follow-ups to collect missing data points