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"Arva AI makes onboarding onto a bank/fintech as a business 100x faster and significantly cheaper"
✨ TL;DR - Arva AI makes onboarding onto a bank/fintech as a business 100x faster and significantly cheaper. They've built a highly compliant AI agent that instantly handles all low/medium risk manual KYB work in real-time as a customer is onboarding, cutting reviews to seconds and ops spend by 80%.
Founded by Rhim Shah & Oli Wales
🦸 The team
Meet Rhim (Oxford MEng) and Oli (Cambridge BSc), they've been building products together for a while!
- Rhim (CEO) formerly led the FinCrime product team at Revolut Business, where he saw the extent of the manual workload during business onboarding. He also led multiple product teams at Jobandtalent. Before that, he was an APM intern at Google.
- Oli (CTO) was formerly the lead product engineer at Opvia (YC S20). Before that, he was a full-stack engineer at Iventis, Chimnie, and The Trade Desk.
❌ The Problem
When a business onboards with a bank or fintech, a human analyst has to conduct manual verification over 40% of the time.
Why is this human review stage a problem?
- Longer onboarding times cause drop-off from the onboarding funnel (in some cases, up to 50%!). This is a huge revenue loser.
- Large operational overheads to run compliance teams— usually in the millions for large fintechs.
- Humans make mistakes and deviate from procedure.
💡 Enter Arva AI
Arva AI’s agents completely replace human analysts, resulting in instant onboarding for low/medium-risk cases. Arva is a modular solution that can combine with preexisting compliance stacks or completely replace them as an end-to-end platform.
Arva is capable of conducting advanced web due diligence on a business entity, document verification, fraudster checking, handling the back and forth with customers, and much more.
See it in action
https://www.loom.com/share/d956b4139f6646649fe0d518caad3386?sid=3b47393f-3078-46b4-8e7a-2d1502a8e702
Learn More
🌐 Visit www.arva-ai.com to learn more.
🤝 If you’re a fintech who has to conduct KYB onboarding, the founders would love to discuss how they can make your onboarding times 100x faster and save you a bunch of money in the process. Book a demo here, or drop us an email. Or if you’re connected to the fintech space and there is someone you can introduce, please reach out!
👣 Follow Arva AI on LinkedIn.
