Ampere is an all-in-one financial service for UK and EEA SMEs, providing instant and hassle-free account setup, low exchange rates, local and international payments, acquiring services, business loans and cards with cashback options.
Business bank challenger
London, UK
<aside>
With already optimised onboarding, Ampere wanted to improve the process even further, eliminating lead loss and drops in activation due to additional questions and protracted onboarding.
</aside>
<aside>
AI-powered KYB/compliance workflow ****to automate document review and follow up at the point of submission, retrieve shareholder data from public registers, and drive same-day account openings.
</aside>
<aside>
Ampere, established in 2022, is a fast-growing fintech offering an all-in-one business banking platform designed to streamline financial operations for SMEs. The platform provides a suite of services, including instant local transfers, international transfers, foreign exchange, acquiring including mobile terminal technology, business loans, invoicing system, and business cards, enabling business owners to manage all essential financial tasks in one place.
As Ampere’s customer base surged—both locally and across Europe—so did the volume of required compliance checks. Maintaining a frictionless onboarding experience became critical to activating customers and controlling costs.
Ampere had successfully tuned their growth engine to deliver 1000+ of new business account applications monthly. However, despite maintaining high operational standards, their onboarding process was becoming a bottleneck.
Upon deeper investigation, it was clear that the delays were driven by:
<aside> <img src="/icons/chat_gray.svg" alt="/icons/chat_gray.svg" width="40px" />
“We had already optimised our processes, but inefficient onboarding was becoming a serious business challenge. Our data showed that customers who onboarded within 1 day had the highest activation rates, seeing a steep drop off after that. It was a direct threat to our core growth metrics: both CLV and CAC were taking a hit. So we needed a solution that could streamline compliance without compromising security.”
Victor Baron
Ampere CEO
</aside>
Activation Rate vs Onboarding Time
When Ampere heard about Intrepid Fox, they were immediately excited by the prospect of an AI-powered solution. Victor Baron, Ampere CEO, later said:
We needed someone who could tackle the heart of the problem—document verification and ownership checks—in real time. Intrepid Fox brought both the technology and the regulatory knowledge to make it work.
To eliminate onboarding delays, Intrepid Fox deployed an AI-powered KYB solution that automated document collection, ownership verification, and business activity checks. All these activities were performed in seconds by an advanced generative AI engine under Intrepid Fox’s compliance framework. Compliance officers then reviewed clean, structured data for final decisions, drastically reducing administrative overhead.
Our system identified which documents were necessary and validated them at the point of upload, automatically cross-checking submitted data and enriching it with public registers (e.g. UK Companies House).
Any incomplete or non-complaint documents were flagged immediately, prompting customers to re-upload in seconds instead of days.
Through immediate analysis of submitted documents and public data, our system automatically built the full ownership structure of the client’s business, identifying UBOs and requesting additional due diligence documents where necessary right there and then, during onboarding.
In case of vague responses, our solution would automatically create follow-up questions in order to clarify business activities and ensure the responses fulfil minimum requirements on customer business understanding.