Case Study: Global Custodial Bank saves 10,000 hours in KYC efforts with Snorkel AI

How a global custodial bank automated KYC verification with Snorkel Flow

Global Custodial Bank partnered with Snorkel AI to streamline KYC onboarding for its analysts and investment managers. The bank was spending more than 10,000 hours a year manually reviewing 10-Ks and other document formats to extract key customer information, and its existing rule-based approach was too rigid and hard to maintain as regulations and document layouts changed.

Snorkel AI worked with the bank’s data science, engineering, and subject matter expert teams to build an adaptable AI application for extracting 50+ attributes from PDFs, Word documents, and multi-page filings. In just a few weeks, the solution helped save 10,000+ hours, reduced manual labeling effort, and achieved an +86 F1 macro score for risk profiling with only 25 hours of SME time.