KYC SiteScan Adds Five AI Features for Merchant KYC Automation

May 5, 2026
KYC SiteScan has introduced five new AI features to enhance merchant Know Your Customer automation, including tools for adverse media detection, data validation, sentiment analysis, MCC suggestions, and website discovery.

KYC SiteScan announced in a press release the addition of five AI features to its merchant Know Your Customer automation platform. The new tools aim to improve accuracy and transparency in payment industry due diligence by grounding insights in verified data from primary sources.

The new capabilities include Adverse Media Detection, which scans news, regulatory, and legal sources to identify relevant negative information about merchants, and Merchant Data Validation, which cross-references business details with government and public records. Consumer Sentiment Analysis uses data from consumer review platforms to assess merchant reputation, while MCC Suggestions analyzes website content to propose appropriate Merchant Category Codes with confidence scores.

The final feature, Website URL and Social Media Discovery, identifies undisclosed websites and online activity linked to a merchant, helping underwriters verify business legitimacy. All features are integrated into KYC SiteScan's reports and API Risk Data to support compliance and audit requirements.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like Daily AI Brief.

Also, consider following us on social media:

AI Brief AI Brief (X)
Free newsletter

Daily AI Brief

Daily report covering major AI developments and industry news, with both top stories and complete market updates

AI Token Webinar

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.