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A tech brand, PearCheck, has unveiled an innovative solution to onboard customers faster, leveraging Artificial Intelligence (AI) to complete Know Your Customer (KYC) and Know Your Business (KYB) processes.
In a Wednesday statement, Chief Executive Officer of PearCheck, Mr. Victor Falana, said the innovative solution is designed to transform customer onboarding process, making it faster, more efficient, and highly secure.
He explained that the innovation helps to slash onboarding time by 80%—automate account opening, loan origination, and merchant verification.
Falana noted that financial institutions and other organisations need faster ways to bring in customers and stay compliant.
“Traditional methods of customer onboarding are slow due to complex paperwork and varying regulations across countries,” he said.
The Chief Finance Officer (CFO), Mr. Ade Adelakun emphasised that this innovation addresses this challenge with its AI-powered solution that can handle both individual and large batch verifications.
“Our system uses machine learning to cut down false alerts by 30%, ensuring a smoother onboarding process.
He said PearCheck is about redefining how businesses and individuals verify identities and credentials securely.
He said the founders have combined decades of expertise in fintech, cybersecurity, and AI to build solutions that empower trust at scale.
The Chief Operating Officer, Mr. Tolulope Michael, disclosed that the solution comes with ready-to-use integrations for Java, Python and NET, allowing businesses to integrate it seamlessly without starting from scratch.
He stated that businesses can now onboard customers faster, improve compliance, and enhance the overall customer experience.
“Our solution enables companies to achieve faster onboarding, improved customer satisfaction, and reduced operational costs, ultimately driving business growth and success.
Our cloud-based setup enables it to handle busy seasons without slowing down. Automating the verification process reduces manual errors, allowing businesses to focus on high-value tasks.”
Michael stressed that the efficiency and accuracy of the AI-powered solution is key to its success.
