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Parcha Engineering Handbook

Company Updates Featured

Parcha Engineering Handbook

What is Parcha? Parcha is building Compliance AI agents that streamline onboarding and operations for fintechs and banks. Our vision is to accelerate financial innovation. By leveraging state-of-the-art AI, Parcha enables fintechs and banks to streamline customer onboarding processes and daily operations while enhancing compliance capabilities. We allow financial institutions

The Audit Log Q1'25 – The Future of Compliance is Intelligence

Product Updates Featured

The Audit Log Q1'25 – The Future of Compliance is Intelligence

The Audit Log is Parcha's quarterly newsletter sharing our latest product and company updates. In this edition, we cover our new customer due diligence product for KYC reviews, how we're leveling up document verification with visual AI, our latest improvements to AML screening, and our vision

How Parcha Reduces Global AML False Positives by 90% Using Context-Driven LLM Workflows

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How Parcha Reduces Global AML False Positives by 90% Using Context-Driven LLM Workflows

Parcha's AI assists banks and fintechs drowning in alerts generated from sanctions databases, watchlists, adverse media, and politically exposed persons (PEP) checks.

Tech Deep Dive: A Smarter Approach to Document Verification

Product Updates Featured

Tech Deep Dive: A Smarter Approach to Document Verification

Fast, secure, and compliant document verification using multi-modal language models

Crypto Compliance: Past, Present and Future

Crypto Compliance: Past, Present and Future

As Bitcoin approaches the historic $100,000 milestone, driven by post-election optimism and institutional interest, the cryptocurrency market finds itself at a critical juncture where the evolution of compliance, anti-money laundering measures, and risk management practices takes center stage. In this blog post we explore the evolution of compliance in

The 50-Year Evolution of AML Laws That Shaped Modern US Financial Compliance

compliance Featured

The 50-Year Evolution of AML Laws That Shaped Modern US Financial Compliance

In 1970, a bank teller in Manhattan accepts a paper bag containing $50,000 in cash from a well-dressed customer. For criminals looking to launder money through the U.S. financial system, it was the golden age.

Real-Time Document Requests & Verification

Product Updates Featured

Real-Time Document Requests & Verification

Eliminating the Back-and-Forth Document Requests in Customer Onboarding At Parcha, we're constantly listening to fintech and banks about their onboarding challenges. One frustration that comes up repeatedly is the endless cycle of requesting additional information from customers, especially business documents. Today, we're excited to share how

What Trump's Second Term Could Mean for Fintech and Crypto Compliance

Parcha's Guide to Compliance

What Trump's Second Term Could Mean for Fintech and Crypto Compliance

EP7: What President Trumps second term means or fintech banking and crypto compliance 0:00/929.3334471× Donald Trump's return to the U.S. presidency in 2024 signals a potential transformation in the fintech and cryptocurrency landscape, with implications for regulatory approaches and compliance both domestically and globally.

Compliance In The Age Of Stablecoins

Compliance In The Age Of Stablecoins

EP6 Compliance In The Age Of Stablecoins0:00/895.7552151× Summary Compliance Accelerated is a podcast about the future of compliance and risk in banking and fintech. It is entirely generated by AI using Google's NotebookLM and edited by our team at Parcha. You can now find all

How our AI models achieve 99% accuracy in production

Product Updates Featured

How our AI models achieve 99% accuracy in production

At Parcha, we understand that the effectiveness of our AI-powered compliance solutions hinges on the reliability and accuracy of our AI models. We define an AI model at Parcha to include the underlying LLM as well as the unique prompts we have developed for each specific use case. As we

Rule 1033: What It Means for Banks and Fintechs

Parcha's Guide to Compliance

Rule 1033: What It Means for Banks and Fintechs

In this episode of Compliance Accelerated, hosts Alice and Bob dive into the transformative impact of AI agents in financial services.

Ep4 - How AI Agents Are Changing Financial Services

Parcha's Guide to Compliance

Ep4 - How AI Agents Are Changing Financial Services

In this episode of Compliance Accelerated, hosts Alice and Bob dive into the transformative impact of AI agents in financial services.

The Audit Log Q4'24 – Laying the Foundations for the Future of Compliance

The Audit Log Featured

The Audit Log Q4'24 – Laying the Foundations for the Future of Compliance

Ep 3 - Three Billion Dollars: The Biggest Bank Fine in US History

Parcha's Guide to Compliance

Ep 3 - Three Billion Dollars: The Biggest Bank Fine in US History

This episode of Compliance Accelerated explores a significant financial scandal involving TD Bank, focusing on its failure to prevent money laundering, resulting in a record-breaking $3 billion fine in U.S. banking history.

Ep 2: Is regulation still playing catch up with financial innovation?

Parcha's Guide to Compliance Featured

Ep 2: Is regulation still playing catch up with financial innovation?

Compliance and AML history0:00/473.5659411× Compliance Accelerated is a podcast about the future of compliance and risk in banking and fintech. It is completely generated by AI using Google's NotebookLM and edited by our team at Parcha. In this episode of Compliance Accelerated by Parcha AI,

Product Spotlight: AI-Powered Audit Logs

Product Updates

Product Spotlight: AI-Powered Audit Logs

Transparency unlocks AI in fintech At Parcha, we understand the challenges that traditional machine learning models pose for fintech compliance. Today, we're excited to explain one of our foundational capabilities: AI-Powered Audit Logs. Audit Logs underpin every interaction between Parcha and end users: addressing the longstanding issue of

Ep 1: The Future of AI in Banking Risk and Compliance

Parcha's Guide to Compliance Featured

Ep 1: The Future of AI in Banking Risk and Compliance

Ep1: The future of AI in banking compliance and risk0:00/705.7428571× Compliance Accelerated is a podcast about the future of compliance and risk in banking and fintech. It is completely generated by AI using Google's NotebookLM and edited by our team at Parcha. In this episode,

Product Spotlight: Sanctions & Watchlists

Product Updates

Product Spotlight: Sanctions & Watchlists

Target the Ballooning Problem of False Positives with AI-Powered Precision Global events are changing rapidly, and top fintech companies are struggling to keep up with the growing instability in different regions. The conflict between Russia and Ukraine led to the introduction of 11,097 new sanctions in 2022. In 2023,

Product Spotlight: Adverse Media Screening

Product Updates

Product Spotlight: Adverse Media Screening

Today, we're excited to drill down on Adverse Media Screening that uses advanced AI to synthesize millions of online media sources to determine the risk-level of onboarding new clients.

Product Spotlight: Intelligent Screening for Politically Exposed Persons

Product Updates

Product Spotlight: Intelligent Screening for Politically Exposed Persons

Identifying Politically Exposed Persons (PEPs) is crucial for customer due diligence, yet the process is riddled with inefficiencies. Parcha's Intelligent PEP Screening leverages cutting-edge AI to transform this process.

Product Spotlight: Verify Physical Addresses with Documents

Product Updates

Product Spotlight: Verify Physical Addresses with Documents

Authenticate and verify business addresses in seconds At Parcha, we're constantly innovating to solve the most pressing challenges faced by fintechs and banks in their onboarding processes. Today, we're excited to spotlight a feature that’s recently caught more attention in our demos: Verify Physical Address

Product Spotlight: Verify Ultimate Business Ownership in minutes

Product Updates

Product Spotlight: Verify Ultimate Business Ownership in minutes

At Parcha, we're constantly innovating to solve the most pressing challenges faced by fintechs and banks in the onboarding process. Today, we're thrilled to share our latest spotlight: AI-Powered Business Ownership Verification. This cutting-edge solution is set to revolutionize how financial institutions handle the complex task

Comprehensive Business Due Diligence in Minutes

Product Updates Featured

Comprehensive Business Due Diligence in Minutes

AI-Powered Compliance Reports for banks and fintechs

Product Spotlight: Reduce Exposure to High-Risk Industries

Product Spotlight: Reduce Exposure to High-Risk Industries

At Parcha, we're constantly innovating to help fintechs and banks streamline their operations while maintaining robust compliance. Today, we're excited to highlight one of our features: AI-Powered High-Risk Industry Screening. The Problem Balancing Growth with Risk Management In the fast-paced world of fintech, onboarding new businesses

Product Spotlight: Detect High-Risk Countries

Product Updates

Product Spotlight: Detect High-Risk Countries

Parcha's AI is able to quickly and accurately identify if a business is operating in a high-risk country by scanning their website and online presence.