Greenlite

AI Agents for Financial Risk & Compliance

Contact for Pricing

Description

Greenlite offers AI-driven automation solutions specifically designed for financial risk and compliance teams within banks, fintechs, and credit unions. By deploying AI agents, Greenlite tackles repetitive Level 1 (L1) tasks inherent in financial crime prevention, such as screening alert remediation, transaction monitoring alert handling, and customer due diligence processes. This allows compliance professionals to shift their focus from mundane, high-volume tasks like clearing false positives to addressing genuine risks and enhancing proactive compliance measures.

The platform integrates seamlessly with existing case management systems and workflows, ensuring businesses can leverage advanced AI capabilities without overhauling their current infrastructure. Greenlite automates various aspects of the compliance lifecycle, including Know Your Customer (KYC) and Know Your Business (KYB) reviews, enhanced due diligence for high-risk customers, periodic reviews, financial statement analysis, AML narrative writing, and website analysis. This results in significantly reduced case handling times, improved operational efficiency, faster customer onboarding, enhanced auditability with detailed record-keeping, and the ability to scale compliance operations flexibly.

Key Features

Screening Alert Remediation: Automates L1 sanction, PEP, and adverse media alert investigation.
Transaction Monitoring Alert Handling: Automates L1 TM alert reviews with analyst-level rigor.
Customer Due Diligence Automation: Automates KYC/KYB reviews, including documentation, financial statements, and web presence analysis.
Enhanced Due Diligence Automation: Streamlines reviews for high-risk customers.
Business Enrichment: Provides insights into business customers with low friction.
Individual Enrichment: Enhances understanding of individual customers.
Corporate Registry Data Access: Offers instant access to corporate registry information.
AI Financial Analysis: Analyzes customer financial statements rapidly.
AI Narrative Writing: Generates AML narratives automatically.
AI Website Analysis: Instantly analyzes customer websites for risks and business details.
Web Presence Review: Assesses the reputation of a business quickly.
Nature of Business Review: Provides rapid understanding of a customer's business.
Automated Periodic Reviews: Automates ongoing reviews of high-risk customers.
Seamless Integration: Connects with existing case management systems via API and webhooks.
SOC 2 Type II Compliant: Built with high standards for security and data handling.

Use Cases

Clearing screening alert backlogs by automating L1 reviews.
Handling L1 transaction monitoring alerts to focus teams on genuine AML risks.
Automating enhanced due diligence for high-risk customers during onboarding and periodic reviews.
Speeding up customer onboarding by automating manual KYC and KYB reviews.
Automating L1 trade monitoring and surveillance alert handling.
Reviewing customer websites at scale to identify risks and discrepancies.
Automating KYC refreshes for address, employment, and contact details.
Reducing time spent on due diligence and alert handling significantly.
Improving compliance program auditability and documentation quality.