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20+ compliance checks available
Browse our library of identity & business verifications
Customize your AI Agent with the compliance checks that fit your workflow.
Your AI agent for
Automated Merchant Category Code Classification
Automated Merchant Category Code assignment with intelligent business analysis and payment network compliance
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Business Profile
Business Authenticity Verification
Verify basic business information by comparing self-attested data against web research findings. Automatically validates business name, registration, industry classification, and operating status to ensure authenticity.
Instant verification of business authenticity using comprehensive web research
Automated comparison of self-reported data against publicly available information
Real-time detection of discrepancies in business registration and operational details
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MCC Classification
AI-Powered MCC Classification
Instantly classify merchants with AI-powered MCC assignment from 500+ category options. Automatically analyzes business operations and revenue streams to provide accurate merchant categorization for payment processing compliance.
Instant MCC classification from 500+ category options with AI-powered business analysis
Intelligent analysis of multi-revenue stream businesses and complex business models
Automated compliance verification against payment network requirements with detailed justification
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GLOBAL REACH
Built for global financial instutions
Our AI Agents are integrated with multiple global data providers, operate in any language and are customizable to meet the requirements of any jurisdictions where you operate.
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90+ global watchlists
140+ business jurisdictions
200+ language translations
United States
Argentina
Brazil
Singapore
New Zealand
United Kingdom
Chile
Spain
China
Ireland
Mexico
Germany
France
United States
Argentina
Brazil
Singapore
New Zealand
United Kingdom
Chile
Spain
China
Ireland
Mexico
Germany
France
Frequently Asked Questions
How does Parcha classify MCC codes?
Parcha analyzes business websites, operations, and revenue streams to automatically assign accurate MCC codes from 500+ options. Our AI understands complex business models and provides detailed justification for code selection.
How accurate are Parcha AI agents?
Parcha AI agents consistently achieve 95-99.7% accuracy across all verification types, significantly outperforming manual processes. Our accuracy rates are validated by real customer deployments like Flutterwave, which achieved 99.7% accuracy in production.
How long does it take to get results?
Most verification processes complete in 2-5 minutes, compared to 20-120 minutes for manual processes. Simple checks like business profiles complete in under 30 seconds, while comprehensive due diligence takes 2-3 hours instead of 24+ hours manually.
Can I customize Parcha verification criteria?
Yes, Parcha agents can be customized with your specific risk thresholds, data sources, and verification requirements. We work with you to configure agents that match your compliance policies and risk appetite.
How does Parcha integrate with existing systems?
Parcha integrates via REST API, webhooks, or file uploads. We have native integrations with major compliance platforms and can adapt to most existing workflows without requiring system changes.
Parcha is enterprise-grade
Parcha is built with enterprise-grade security, privacy and compliance. We put guardrails and limitations on AI to make sure you are always in control.
SOC 2 Type 2
Parcha is SOC 2 Type 2 compliant as evaluated by a third-party security auditor
Security
Each customer gets a private instance with SSO and granular access controls.
Control
You are always in control of how AI is used to carry out each step in your compliance workflow
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Launch your own compliance AI agent in minutes.
Choose and customize your AI agents
Connect your compliance data
Deploy and start reviewing instantly
Use Cases
See all our use cases here
Banking as a Service
Give your customers AI agents to remain compliant with your program without slowing down their ambitions
Lending
Speed up your underwriting pipeline with AI-powered business due diligence, screening and document extraction.
Crypto
Get your customers onchain faster, while mitigating risks and remaining compliant with our end-to-end AI-powered KYB/KYC solution.
Digital Banking
Every customer counts in today’s market. Approve and activate more customers faster with AI-powered KYB/KYC automation that will process and remediate manual review cases 10X faster than your operations team.