Yup exactly that! One of the benefits of what we're building is that fintechs/banks can now approve good customers quicker. So the innocent ones benefit greatly from Arva.
What about people who get disapproved because they were flagged by some automated screening? ...they end-up getting stuck in limbo because they were flagged, so they can't even (for example) close-out and withdraw any other accounts they have with the same institution - and they can't get any help because of the "we-can't-tell-you-how-to-evade-KYC" rules.
Decision making is also more accurate, human analysts often deviate from procedure. Also why banks/fintechs often spend so much on QA teams just to observe how the human analysts have performed.
Transaction monitoring is different, that's post account opening.
When people are going through an onboarding flow it is their first account!
