compliance

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

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.

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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

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

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

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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

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.

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 Featured

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

Q4 2024 Update

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.

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 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

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 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 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 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 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 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

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Comprehensive Business Due Diligence in Minutes

AI-Powered Compliance Reports for banks and fintechs

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 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.

Product Updates

Product Spotlight: Automated Merchant Code Classification

Parcha's AI is able to quickly and accurately identify a merchant's MCC by scanning their website and online presence.

Product Updates Featured

Accelerate Business Onboarding with Real-Time Document Remediation

At Parcha, we're always searching for those 'ah-ha' solutions to the most significant challenges fintechs and banks face. Today, we're excited to introduce our latest breakthrough: Real-Time Document Remediation. This AI-driven feature is set to revolutionize how fintechs handle document verification during customer onboarding.

Parcha's Guide to AI

The AI Pricing Revolution

Why SaaS is Shifting to Usage-Based Models

Parcha's Guide to AI

Agents aren’t all you need

Lessons from Parcha's Journey automating compliance workflows using AI and why autonomous agents aren’t always the best solution