Parashift/Banking/KYC & Customer Onboarding

Banking · Use-Case

KYC and customer onboarding, without manual dossier review.

Passports, ID cards, trade register extracts, and articles of association arrive in every format and through every channel. Parashift reads, classifies, and structures every document in the onboarding dossier, so your compliance team reviews instead of retyping.

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BaFin · FINMA outsourcing-compliant DORA · MaRisk AT 9 C5 · SOC 2 · ISO 27001

Passport · MRZ recognizedAutomatically classified

NameMuster, Anna

Date of birth14.03.1988

Document numberX2847193CH

Valid until09.2029

4 fields automatically recognized, MRZ validated

The process today

One onboarding dossier, a dozen proofs.

A KYC dossier for retail or corporate clients bundles passports and ID cards, trade register extracts, articles of association, proof of address, and powers of attorney, often submitted by email, customer portal, or mobile scan, and in wildly varying quality. Compliance staff capture MRZ data, UBO structures, and validity dates manually today, before the actual AML review even starts. That ties up capacity at the most expensive point in onboarding and measurably delays account opening.

Document list

What Parashift extracts from the dossier.

Every document type is recognized individually and structured with the fields relevant to KYC review, not as unstructured full text.

Passport & ID card

MRZ codeNameDate of birthValid untilIssuing country

Trade register extract

CompanyLegal formRegistered seatAuthorized signatories

Articles of association

UBO structureOwnership shareCapital

Proof of address

NameAddressIssue date

Bank reference & source of funds

Account holderInstitutionOrigin of funds

Powers of attorney & signatory rights

Authorized personsScopeValidity

Other document types such as trust deeds, tax residency certificates (e.g. W-8BEN), or life insurance policies are recognized and structured just as reliably.

Workflow

From intake to onboarding decision.

01 · INTAKE

Email, portal, mobile scan

The KYC dossier arrives in any format and in any order.

02 · CLASSIFICATION

Document type per page

ID documents, trade register extracts, and more are recognized individually, with no rigid templates.

03 · EXTRACTION & SCREENING

MRZ, UBO, validity

Data is extracted and automatically checked against master data and sanctions lists.

04 · HANDOFF

CLM & banking core

Validated identity data lands in the onboarding case with a complete audit trail.

Target systems

Integrates with your onboarding processes.

Low-code connection via documented REST APIs to your client lifecycle management or banking core system, with no replacement of existing infrastructure.

AvaloqFinnovaTemenosFinanz Informatik (OSPlus)Atruvia (agree21)CPB TambasIn-house builds

Compliance:

AML due diligence requirements BaFin/FINMA outsourcing guidelines DORA, in force since 17.01.2025 C5 · SOC 2 · ISO 27001

Impact

What changes for your compliance team.

70%

shorter processing time per KYC case

90%

straight-through processing on KYC documents after 60 days

One use case among many for banking.

Credit & mortgage dossiers, bank mailroom, and payment orders follow the same principle: read, structure, hand off to the core banking system.

All use cases for banking →

Frequently asked

KYC and onboarding, answered briefly.

Which documents come up in KYC onboarding?

Identity documents, proof of address, beneficial ownership declarations, signature cards, powers of attorney and the tax forms that belong to the file. Parashift splits the submitted bundle into its individual documents.

How are Form A and Form K handled?

They are recognised as their own document types and read field by field, including the beneficial owner details. No template has to be maintained per bank or per version.

Does this cover anti-money-laundering requirements?

Parashift supplies the structured data and a documented processing trail for every document. The assessment stays in your compliance process, which is what the regulation expects.

What happens with incomplete dossiers?

Because each document type is classified separately, the file can be checked against a required-document list. Missing items surface before onboarding continues, not after.

Where is the data processed?

The processing location can be set to data centres in Switzerland or the EU, with an access log per document and defined retention periods. C5, ISO 27001 and SOC 2 evidence is available.

How does the data reach the core banking system?

Through the API or a file handover. Parashift returns a structured record per document with type, fields and page reference, which your onboarding system picks up directly.

KYC and customer onboarding, sovereign and audit-ready.

Book a no-obligation 30-minute briefing: we'll show you dossier processing on real sample documents.

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