Arva AI is an artificial intelligence company that develops AI Agents to automate Anti-Money Laundering (AML), Know Your Business (KYB), and Know Your Customer (KYC) operations for financial institutions. Arva AI focuses on reducing manual compliance work by up to 80%, enabling faster, more accurate, and compliant financial crime investigations.
Their platform offers several specialized features, including deep online due diligence to enhance KYB checks, AI-driven website analysis to understand business activities and detect fraudulent actors, and Vision AI for detecting document fraud and extracting information from bank statements and ownership structure documents. Arva AI's solutions also help resolve AML screening alerts across adverse media, sanctions, and politically exposed persons (PEPs), reducing false positives by 92%. Additionally, the platform provides business registry data enrichment from 150 countries, improving the accuracy and depth of compliance checks.
Arva AI's main product modules include:
- KYB AI: Automates and enriches Know Your Business checks with global data.
- Screening AI: Streamlines alert resolution for sanctions, PEPs, and adverse media.
- Transaction Monitoring AI: Assists in identifying and investigating suspicious activity.
The company's technology is designed to help banks, fintechs, and other regulated financial service providers strengthen compliance controls and minimize manual investigation workloads.
Who Uses Arva AI?
Arva AI serves a range of financial institutions and fintech companies seeking to modernize and scale their compliance operations. Notable customers include Ionia and OakNorth Bank, both of which utilize Arva AI's automation to enhance financial crime prevention and regulatory checks.
How Was Arva AI Started?
Arva AI was founded by Rhim Shah (CEO), who previously led the Financial Crime product team at Revolut Business and managed multiple product teams at Jobandtalent, and Oli Wales (CTO), who has experience leading product engineering at Opvia and roles at Iventis, Chimnie, and The Trade Desk. The founders bring deep expertise in financial crime, compliance, and AI-driven product development to Arva AI's mission.
What Makes Arva AI Different?
A key differentiator for Arva AI is its ability to automate a substantial portion of previously manual compliance tasks, significantly reducing false positives in AML screening and providing comprehensive business intelligence from global sources. The platform's use of Vision AI for document analysis and its coverage of business registry data from 150 countries enable more robust and scalable compliance workflows for customers.
Recent News & Developments
In January 2025, Arva AI secured $3 million in funding from Gradient, Google's early-stage AI fund, to further its mission of transforming business verification for financial institutions using generative AI. Read more about the funding announcement.
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