Greenlite AI

Greenlite AI: Trusted AI Agents for Financial Crime Compliance

Greenlite AI provides trusted AI agents designed to automate repetitive tasks related to Anti-Money Laundering (AML), sanctions screening, and Know Your Customer (KYC) compliance. Global financial institutions rely on Greenlite AI to automate up to 95% of AML, sanction, and KYC reviews, enabling them to scale compliance operations while significantly reducing costs.

What is Greenlite AI?

Greenlite AI offers a suite of AI-powered tools that integrate with existing compliance systems to automate manual processes. This allows financial institutions to handle a greater volume of work with the same staff, reduce false positives, and focus on high-risk cases. Greenlite AI's agents are designed to learn from existing risk policies and procedures, ensuring consistent and auditable automation.

How does Greenlite AI work?

Greenlite AI agents operate within existing AML and compliance systems, eliminating the need for a complete system overhaul. They connect seamlessly with popular case management and screening tools. The agents are designed to automate Level 1 reviews, augmenting Level 2 reviewers by allowing human analysts to focus on complex cases and risk-based decision-making. Key functionalities include:

• Auto-resolve Sanction, PEP, and adverse media alerts: Greenlite AI automatically remediates Level 1 sanction, Politically Exposed Persons (PEP), and adverse media alerts, enabling analysts to concentrate on genuine risks instead of false positives.
• Automate transaction monitoring alert handling: Greenlite AI remediates Level 1 transaction monitoring alerts, enabling teams to focus on genuine AML risks.
• Complete enhanced due diligence reviews: Greenlite AI automates high-risk customer reviews during onboarding and periodic review cycles.
• Automate manual KYB reviews: Greenlite AI automates reviews that were previously manual, allowing for faster onboarding of good customers.

Why choose Greenlite AI?

• Increased Efficiency: Handle 7x more work with the same staff by automating repetitive case work.
• Reduced Costs: Automate up to 95% of AML, Sanction and KYC reviews, significantly reducing operational costs.
• Improved Accuracy: Agents learn from existing risk policies and procedures, ensuring consistent and auditable automation.
• Seamless Integration: Greenlite AI agents work seamlessly with existing AML and compliance systems.
• Regulatory Compliance: Embedded with U.S. federal banking regulatory guidance to adhere to model validation standards.

Greenlite AI Features

• Screening Alerts: Automate the handling of screening alerts.
• Transaction Monitoring Alerts: Automate transaction monitoring alert handling.
• Customer Due Diligence: Automate enhanced due diligence reviews.
• KYB Reviews: Automate manual KYB reviews.

Regulatory-First Approach

Greenlite AI emphasizes a regulatory-first approach with a proprietary trust infrastructure. Every agent has U.S. federal banking regulatory guidance embedded into their DNA, ensuring adherence to model validation standards. This includes rigorous model validation, transparent model governance, industry-leading auditability, human-in-the-loop testing, deep reporting suites, and SOC 2 Type II compliance.

Who is Greenlite AI for?

Greenlite AI is designed for financial institutions, including:

• Banks
• Fintech companies
• Credit Unions

It is trusted by compliance leaders and innovators who seek to protect the financial system through better and more cost-effective tools.

Testimonials

Tim Mayopolos, former CEO of Fannie Mae, stated that "Greenlite is a model for how financial institutions can better protect the financial system by using tools that are better and less expensive than just hiring more people."

How to use Greenlite AI?

Greenlite AI connects to existing systems, allowing users to keep their existing Standard Operating Procedures (SOPs) and processes. Agents learn from existing risk policies and procedures, helping automate work consistently and auditably. This allows users to automate Level 1 reviews and augment Level 2 reviewers, freeing up human reviewers to focus on complex cases and risk-based decision-making.

Conclusion

Greenlite AI offers a comprehensive AI-driven solution for financial institutions seeking to streamline and enhance their AML, sanctions, and KYC compliance processes. By automating repetitive tasks and integrating seamlessly with existing systems, Greenlite AI enables organizations to reduce costs, improve accuracy, and focus on higher-risk activities. What is Greenlite AI? It's a compliance game-changer. How does Greenlite AI work? Through AI-powered automation. Why choose Greenlite AI? For unparalleled efficiency and cost savings.