Note from the department
It took forty-three days
to say yes to a company
that did not exist.
Shelf company 1234 Ltd was filed on a Tuesday in January. It was approved on a Thursday in March. In between: nine case officers, four external requests, and an ownership chain that nobody bothered to map until day twenty-five. By the time the account opened, the customer had already moved to Revolut.
This is not the exception. It is the working day of an onboarding desk at a Nordic Tier-1 bank. We have rebuilt the process from the ground up — straight into Bolagsverket, BRREG, Virk, PRH and Companies House. Your analysts handle the exceptions. We handle the routine.
¹Average corporate onboarding time, Nordic Tier-1, 2024. Internal benchmark, n=11,200 cases.
²Drop-off during the process. Source: Deloitte Digital Banking Maturity 2024.
The problem
Approving a new business
takes 43 days on average.
Expensive for the bank, frustrating for the customer, and a growing competitive disadvantage. McKinsey, Deloitte and Thomson Reuters document the same pattern year after year.
Six weeks of waiting
Businesses applying for an account wait a month and a half. One in five gives up along the way.
Eleven hours per case
An analyst spends a full working day on every business case. Time that vanishes as volumes grow.
Fintechs take the customers
Revolut, Qonto and Lunar do the same job in hours. The Tier-1 banks are behind — and they know it.
How it works
Four steps, one continuous chain.
The platform sits next to your core system — not inside it. No rip-and-replace projects. Sandbox in a week, live cases within two.
Request comes in
A business customer wants to be approved. The case reaches us via API, a form or email — we handle every channel.
We pull facts from the source
The platform connects directly to Bolagsverket, BRREG, Virk, PRH, Companies House and other registries. No PDFs, no emails — first-hand data only.
We resolve the ownership
Who really owns the company? We follow the chain all the way to the natural persons and screen them against sanctions and PEP lists.
The bank gets a finished decision
Everything lands as a signed package in your existing case queue. Your analyst makes the call — we have done the heavy lifting.
Want to see the technical architecture — API layer, registry chain, cache, retry logic, monitoring and logging?
Explore the platform in detailWhat we check
Forty checks —
consolidated into one decision.
Banks ask ten fields today and hope for the best. We pull forty straight from the source, weight them, and surface clearly which ones matter most for this particular case.
Who is the company?
Identity & ownership
We resolve who actually owns and controls the company — even when the ownership chain runs through holding companies or across borders.
- Ultimate beneficial owners (UBO) across the full chain
- Board and signatories
- BankID / eID signed confirmation
- Bankruptcies and trading bans
Anyone on the lists?
Sanctions & PEP
Every person is screened against EU, OFAC, UN, UK and FI sanctions — plus politically exposed persons and their close associates.
- EU · OFAC · UK · UN · National regulators
- Politically exposed persons (PEP)
- Close associates and business partners
- Adverse media — automatically classified
Any suspicious pattern?
Behavioural signals
It is rarely a single field that exposes a shell — it is the speed and the combination. We look at the whole picture.
- Time between incorporation and account application
- Rapid board changes in the past year
- Many companies registered at the same address
- Unusual industry pivots
Trust & compliance
What the bank always asks —
before it asks about price.
Security, DPO and procurement share the same checklist. We have it ready — pen-test, exit plan, model card, sub-processor list.
Traceable down to the smallest detail
Every decision can be traced back to the exact data it was based on — who pulled it, when, and from which source. Retained for ten years in line with regulatory requirements.
Reproducible six months later
Same case, same data, same model version → same answer. No black boxes. A lawyer or auditor can always read the rationale in plain language.
The human always decides
We prepare the evidence. Your analysts make the decision and can always override with documented reasoning. Your cases never train a shared model.
All data stays in the EU
Storage and processing in Stockholm with backup in Frankfurt. No US sub-processors, no Schrems II grey zone.
Next step
See it live
in 30 minutes.
We run the platform against your own flow — real shelf companies, your compliance policy. No slides, no sales pitch.
Or take a look at the pilot first
We run a pilot in Telco POS — credit check, identity and contract signing directly in the in-store terminal.
See the Telco POS pilot