Remo is building AI copilots for onboarding and compliance teams at financial institutions. 
We automate highly manual processes like KYB and transaction monitoring.
AI for compliance teams at banks
Title: Remo: AI for compliance teams at banks | Y Combinator

URL Source: 

Markdown Content:


### AI for compliance teams at banks

Remo is building AI copilots for onboarding and compliance teams at financial institutions. We automate highly manual processes like KYB and transaction monitoring.



Remo

Founded:2024

Team Size:2

Location:San Francisco

### Active Founders

### Rabii Malik, Founder

Former McKinsey consultant and international expansion lead at Telda - now bring AI to financial institutions.



### Hashim Rehman, Founder

Co-Founder & CTO at Remo. I previously lead and scaled Pricing Engineering at Careem, built multiple consumer products at Deliveroo and consulted as a full-stack engineer for British Airways.



### Company Launches

[### Remo: AI copilot for onboarding and compliance teams](

### **TL;DR**

*   Onboarding and compliance teams at financial institutions struggle with scale, cost, and accuracy.
*   We’re building modular, highly auditable copilots to empower these teams to get through cases faster, reduce cost, and allow them to focus on more complex cases.

### **👨‍💻Team**

Hi, we’re Rabii and Hashim, and we’re building [Remo]( We’ve seen firsthand how financial institutions continue to struggle with manual workflows as they onboard customers and fight financial fraud— we’re here to help!



CEO, [Rabii]( has a Philosophy, Politics, and Economics Degree from the University of Oxford. He was previously a consultant at McKinsey and Company. Over the last two years, he has led international expansion at Telda, a neobank in the Middle East, helping them scale from 0 to 500,000+ customers.

CTO, [Hashim]( has a Computer Science degree from King’s College London. He’s spent the last few years leading and scaling Pricing Engineering at Careem for millions of customers. Before that he built multiple consumer products at Deliveroo and consulted as a full-stack engineer for British Airways.

### 🆘 **Problem**

Large financial institutions spend millions of dollars a year on manual processes in their onboarding, AML, and compliance teams, facing a number of challenges as they scale:

💰 **Cost:** Costs associated with onboarding and compliance teams can quickly spiral out of control as financial institutions grow.

❗ **Quality:** Highly manual processes without automation create scope for increased human error.

⌛ **Time:** Fast-growing financial institutions are faced with customer backlogs and struggle to meet their SLA times.

🙅‍♂️ **Focus:** When financial institutions are building their own tools to support analysts, they have to invest time and resources distracting them from their core product.

With increased regulatory enforcement and the rise of AI-enabled fraud, costs continue to grow rapidly. In the U.S. alone, $61 Billion is spent per year on financial crime compliance across staff and software - globally, the number is over $300 Billion of annual spend!

### **🛠️** **Solution**

A full suite of modular, highly auditable copilots to empower the whole onboarding and compliance organization.

**KYC/KYB Onboarding Copilot**: Automatically triages flagged alerts, conducts independent research, generates requests for information, and prepares documentation for human review to ensure that customers are onboarded faster and more accurately.

**AML Copilot:** Auto-completes suspicious activity reports, conducts ongoing due diligence, and facilitates internal reporting of AML cases, empowering teams to focus on more complex cases.

**Monitoring Copilot:** Automates internal information requests, aggregates insights from sampling efforts and generates regular reports for management teams.



### **✨ ASK**

If you or someone in your network oversees compliance operations at a financial institution, we’d love to chat with you! You can book an introductory call [here]( or email [rabii@getremo.ai](mailto:rabii@getremo.ai).
