Customer onboarding in financial institutions often presents significant challenges, including lengthy and error-prone manual processes, high costs, and increased risk of fraud. The traditional approach requires customers to submit multiple documents, undergo rigorous identity checks, and endure prolonged verification periods, which can lead to a poor user experience and operational inefficiencies. As financial institutions struggle to balance rigorous compliance requirements with the need for a streamlined customer experience, AI-powered document verification offers a solution by automating data capture, processing, and validation, thereby reducing errors, accelerating onboarding times, and lowering costs.