The financial sector’s fight against fraud and money laundering has grown increasingly complex as regulatory requirements evolve. A cornerstone of this effort is Know Your Business (KYB) verification, a mandatory process designed to ensure businesses are legitimate and compliant. Yet, for many banks and fintechs, KYB processes remain plagued by inefficiencies. Manual document reviews, often requiring hundreds of analysts, slow down onboarding, introduce human errors, and inflate operational costs. These delays can cause as much as 50% drop-off in onboarding funnels, representing a significant revenue loss.
Recognizing this inefficiency, Arva AI has stepped in with a transformative solution, earning the trust of investors in its latest $3 million funding round. The round was led by Gra
Arva AI Secures $3M to Automate KYB Processes
- By Anshika Mathews
- Published on
At Arva, our mission is to make business verification fast, accurate, and seamless.
