What is Vespia?
Vespia is an advanced AI-powered platform designed to streamline anti-money laundering (AML) compliance for businesses operating globally. The platform combines Know Your Business (KYB), Know Your Customer (KYC), and AML data into a unified system that automates risk assessment, screening, and monitoring processes. With access to commercial register information from over 300 jurisdictions and support for more than 7000 document types across 190+ countries, Vespia enables organizations to verify businesses and individuals efficiently while maintaining full regulatory compliance.
The platform features Julia AI, an AI compliance officer that provides guidance on AML processes, along with hybrid rule-based and AI approaches for risk scoring and transaction monitoring. Vespia offers automated onboarding flows with customizable templates, real-time alerts for changes in business structures, and comprehensive reporting with full audit trails. By integrating with existing systems through API and SDK options, businesses can reduce operational costs by up to 90% while onboarding customers in under 30 seconds.
Features
- AI AML Risk Assessment: Hybrid rule-based and AI approaches for automated risk scoring and analysis
- Global KYB Verification: Access commercial register information from 300+ jurisdictions in under 30 seconds
- AML Screening & Monitoring: Automatic screening against 4000+ PEP, sanctions, and adverse media lists
- Julia AI Compliance Officer: AI-powered guidance for AML compliance processes
- Automated Onboarding Flow: Ready templates for 300+ jurisdictions with customization options
- Transaction Monitoring: AI-powered detection of suspicious financial activities
- UBO Discovery: Identification and continuous monitoring of ultimate beneficial owners
- Identity Verification (KYC): Support for 7000+ document types from 190+ countries with liveness detection
Use Cases
- Automating AML compliance for financial institutions
- Streamlining business verification during customer onboarding
- Monitoring transactions for suspicious activities in real-time
- Conducting due diligence on business partners and clients
- Maintaining regulatory compliance across multiple jurisdictions
- Reducing operational costs associated with manual compliance checks
- Verifying ultimate beneficial owners for corporate structures
- Screening entities against global sanctions and PEP lists
FAQs
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What types of documents does Vespia support for identity verification?
Vespia supports over 7000 document types from more than 190 countries and territories for KYC verification. -
How many jurisdictions does Vespia cover for business verification?
Vespia provides commercial register information from over 300 jurisdictions globally. -
What screening lists does Vespia use for AML compliance?
Vespia screens entities against 4000+ lists including PEP, sanctions, and adverse media databases. -
Does Vespia offer integration options with existing systems?
Yes, Vespia provides API and SDK integration options for seamless implementation into existing workflows. -
What is Julia AI and how does it assist with compliance?
Julia AI is Vespia's AI compliance officer that provides guidance and suggestions to make AML compliance processes smoother.
