AI Agents

What it does

The agent ensures a company desiring to open a corporate account has all legal identity and incorporation documents in order. This is especially important for holding companies, SPVs, foreign subsidiaries or highly-regulated entities.

Documents used

• Certificate of incorporation (per entity)

• National trade registry extract

• Operating license or regulatory approval

Extracted data

• Legal name, registration number, legal form

• Incorporation date, jurisdiction, company status

• Business activity classification (for example, NACE/NAICS codes in the U.S.)

Checks

1. Are all entities listed registered and active in their jurisdictions?

2. Are registration numbers, legal names, and forms consistent across docs and declarations?

3. Detect potential shell structures or letterbox companies (e.g., minimal stated capital, PO box address)

4. Flag high-risk jurisdictions or those requiring enhanced due diligence

5. Identify missing or invalid regulatory licenses for regulated industries.

AI value

Onboarding flows for document-heavy corporate accounts are time-intensive and can pose a significant risk to a bank if checks are not thorough. The multi-entity legal identity and incorporation extractor agent ensures cross-references multiple data points from multiple sources, to ensure the entity trying to open a corporate account complies with laws and regulations.