Overview  

A leading financial institution partnered with AppsTek Corp to modernize its business account opening and KYC verification process. The manual approach involved multiple teams and systems, resulting in extended approval timelines and compliance inefficiencies. AppsTek implemented an Agentic Process Automation solution powered by AI agents to execute data verification, UBO validation, and risk scoring in parallel. The solution reduced processing time from several days to under fifteen minutes while improving compliance accuracy, operational speed, and customer experience.  

Key Highlights 

• Accelerated business account opening and KYC verification through Agentic Process Automation. 
• Implemented seven AI agents to automate data extraction, verification, screening, and approval. 
• Integrated external systems including OFAC, World-Check, state registration databases, and credit bureaus. 
• Reduced approval time from 3–7 days to under 15 minutes for most applications. 
• Enabled full compliance traceability and auditability through automated decision logging.