KYC and transaction monitoring for financial and payment institutions
Onboard individuals and businesses with identity, ownership and LSEG Risk Intelligence screening, then let AI agents investigate every transaction and hand your officer a finding with the evidence.
Short Answer
Verifica gives banks, payment institutions, e-money issuers and fintechs one platform for KYC and transaction monitoring. At onboarding it verifies identity documents, runs a liveness check, traces business customers to their beneficial owners and screens everyone on LSEG Risk Intelligence. After onboarding, a rule engine checks each payment before the money moves, and AI agents investigate every alert: they gather the customer's history, devices and linked accounts, write a finding with the evidence and recommend clear, hold or escalate. Your compliance officer makes every decision, and an audit log records it.
Who this is for
Banks, credit unions, payment institutions, e-money issuers, money transmitters, fintechs and broker-dealers. You onboard customers at volume, move their money every day, and answer to an examiner for both.
If your analysts still open twenty tabs to review one alert, and a growing customer base keeps adding to the backlog, this page is the product view of that problem. The enforcement read is Bank of America's $1.2 billion AML penalty. The case for agents is AI agents against financial crime.
Two jobs, one file
Regulators judge you on two things: whether you knew who your customer was when you opened the account, and whether you noticed what they did with it afterwards. Verifica covers both in one customer file.
At onboarding
- Government-issued ID and document authenticity checks, biometric liveness and a selfie-to-document match
- Business customers (KYB) traced through the ownership chain to the people who control them
- Sanctions, PEP and adverse-media screening of every individual and beneficial owner, with possible matches ranked for an analyst
- A suggested risk rating your analyst accepts or overrides, with the reason logged
After onboarding
- A rule engine that checks each payment against AML and fraud scenarios before the money moves
- Task agents that gather the customer's profile, history, account changes, devices and linked customers the moment an alert fires
- A reasoning agent that writes up each finding with its evidence and recommends: clear, hold and call back, or escalate
- An attack radar that looks across all customers for shared payout accounts, shared devices and spikes in bank-detail changes
- Re-screening of existing customers, with new or changed hits sent back to the analyst queue
The full monitoring view is Transaction monitoring with AI agents.
Built for the volume you already have
Your alerts grow with your customer base, and your analyst headcount does not. In 2024 and 2025, UK and US regulators fined Starling Bank, Monzo and Block over controls that fell behind growth, including alert backlogs.
Verifica moves the lookup work to the agents. Your analysts read a finding with the evidence attached and make the call. Explained activity closes with the reason on file. Each rule carries its source, each threshold change gets a 90-day back-test and a written justification, and each decision lands in a hash-chained audit log.
Regulations it supports
Verifica produces the evidence these frameworks ask for: customer due diligence and beneficial ownership, sanctions screening, ongoing monitoring, and the case file behind a suspicious activity report.
- United States: Bank Secrecy Act AML programmes, FinCEN customer due diligence and SAR requirements, OFAC sanctions
- European Union: the AML Regulation (AMLR), which applies from 10 July 2027, and national rules for payment and e-money institutions
- International: FATF Recommendations and typologies, Wolfsberg guidance
Verifica does not certify compliance. Your programme, policies and filings remain your responsibility.
Screening with LSEG Risk Intelligence
Verifica screening is powered by LSEG Risk Intelligence and its screening database. It aggregates information from more than 100,000 credible sources and is used by over 300 global financial institutions.
LSEG Risk Intelligence screening is included in Verifica processes that require advanced KYC/AML verification. Enhanced reports and continuous monitoring are priced before activation. The full screening page is LSEG Risk Intelligence in Verifica.
What stays with your team
Verifica does not replace your core banking or payments platform, file SARs or STRs, release payments, or set your risk appetite. Your compliance officer decides every case, and the log shows who decided what.
Frequently Asked Questions
What is AI transaction monitoring for payment institutions?
A rule engine checks each payment against AML and fraud scenarios before the money moves. When a rule fires, AI agents do the investigation an analyst would do: they pull the customer's profile, history, bank-detail changes, devices and linked customers, compare the pattern with known typologies, and write a finding with a recommendation. A compliance officer decides.
What data does Verifica need?
Payments through an API for real-time checks, or bank feeds, CSV exports and PDF statements. It also uses the KYC profile and expected activity, account and profile changes, and device and login data where you have it.
Does Verifica file SARs or block payments on its own?
No. Verifica prepares the case file with the evidence and the reasoning, and can recommend holding a payment for a call-back before release. Your compliance officer decides whether to release, escalate or file, and the audit log records who decided.
Does it cover business customers?
Yes. Verifica traces companies, trusts and funds through the ownership chain to the natural persons who control them, screens each of them, and links business accounts into the same monitoring as individuals.
How does it reduce false positives?
The agents attach the context to each alert, so explained activity can be closed quickly and with the reason recorded. Rule changes are back-tested on the last 90 days before they go live, so you can tune thresholds against your own data.
Does it work in the US and the EU?
Yes. Scenarios are mapped to FATF, FinCEN, FFIEC, Wolfsberg and EU AMLR sources, and LSEG Risk Intelligence screening covers sanctions, PEP and adverse media worldwide. The platform runs in English and Portuguese.
Next step
Contact the team to run onboarding and the monitoring agents on a sample of your own customers and transactions, or take the KYC efficiency assessment for a two-minute read on cost, delay and gaps.