Banks & Financial Institutions
Automate the full corporate client onboarding journey — from document intake to compliance decision — and reduce time-to-activation for new business accounts from weeks to hours. First Mile Labs integrates with the verification vendors you already use and enforces the risk rules your compliance team has already written.
The challenge
Corporate client onboarding at most banks still relies on manual document collection, spreadsheet-based tracking, and analyst teams who spend the majority of their time on data preparation rather than compliance judgement. Regulatory pressure from the FCA, EBA, and FATF continues to raise the bar on UBO transparency, sanctions screening, and ongoing monitoring obligations — while applicant expectations have shifted toward the speed and simplicity they experience in consumer banking. The gap between what compliance requires and what manual processes can deliver creates a predictable outcome: extended review cycles, high drop-off rates during onboarding, and a growing backlog of cases waiting for analyst attention. Banks that have not automated their KYB pipeline are not just slow — they are losing corporate clients to competitors who have.
How it works
Four capabilities that collapse the gap between document intake and onboarding decision.
Already under contract with an IDV provider, AML screening vendor, or KYB data supplier? Bring your own keys and keep the commercial terms you have negotiated. First Mile Labs orchestrates the workflow above your existing stack — no forced bundles, no margin stacking on third-party checks.
Set independent onboarding criteria for each jurisdiction and legal entity type you operate in. A UK SME, a Delaware LLC, and a listed PLC each receive the document checklist, UBO threshold, and screening intensity that your compliance policy requires — configured without writing code.
Cases that clear document verification, registry checks, and AML screening within your defined thresholds are approved without analyst involvement. Edge cases are escalated with a pre-packaged case summary — extracted documents, registry data, screening results, and a risk score — so analysts review decisions, not prepare them.
Your corporate clients see your brand throughout the onboarding journey. The applicant portal is fully white-labelled — your logo, your domain, your email templates. Customers upload their company documents instead of filling out lengthy forms; the AI does the extraction and classification.
Who we serve
High-volume corporate client pipelines demand automation at scale. First Mile Labs handles document intake, registry lookup, UBO mapping, and sanctions screening in a single workflow — reducing the manual burden on your compliance team without compromising your regulatory obligations.
Speed to activation is a competitive differentiator. Our API-first architecture integrates with your existing stack and delivers a fully automated KYB experience — from document upload to onboarding decision — in under 48 hours of go-live, with no professional-services engagement required.
Smaller compliance teams face the same regulatory requirements as the largest institutions. First Mile Labs provides enterprise-grade KYB automation scaled to your case volume — so your team focuses on the exceptions that need human judgement, not the routine verifications that do not.
Get started
Book a 30-minute demo and see the full onboarding workflow live — from document upload to compliance decision. Most banks are in production within 48 hours of sign-off.
Book a demo →