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The importance of preventing fraud through quick and accurate identification verification has never been higher. Combining that with taking away the headaches around KYC and AML compliance means that financial institutions and fintechs can focus more on growing their business and serving their customers.
Vouched, a leading provider of AI for KYC, IDV, and end-to-end fraud detection, and Effectiv, a fraud and compliance automation platform, announce a new partnership that enables customers to verify and onboard users within an omnichannel environment in real-time.
“Our partnership with Vouched strengthens the fight against identity theft, fraud, and KYC/AML compliance which aligns perfectly with Effectiv's solution that enables financial service providers and fintechs to protect consumer identities and accelerate onboarding,” said Ravi Sandepudi, CEO, Effectiv. “We’re thrilled to partner with Vouched to help customers manage risk and financial crime.”
“We're excited to be working with Effectiv to address the challenges that consumer identity verification, fighting fraud and KYC compliance pose for financial organizations," said John Baird, CEO, Vouched. "Effectiv's real-time online fraud risk management and compliance solutions help empower businesses to seamlessly leverage our AI-empowered identity verification onboarding solutions."
About Effectiv
Effectiv provides a fraud and compliance automation platform for fintechs, mid-sized banks, and credit unions. Its mission is to automate compliance needs while helping customers manage fraud with a best-in-class solution combining human and artificial intelligence interaction.
Built by a team who enabled enterprises like U.S. Bank, Chime, Google, PayPal, and Walmart to manage fraud and risk at scale, Effectiv’s solutions utilize hundreds of industry-leading data sources helping financial institutions utilize expert-built solutions that come pre-integrated with best-in-class data intelligence.
About Vouched
Vouched is award-winning artificial intelligence and computer vision that powers end-to-end visual identity verification, KYC, and fraud detection online in real-time globally. An expert in government-issued identity documents worldwide, Vouched helps banks, fintechs, healthcare providers, automotive dealers and companies in various other industries verify and onboard users to provide access to life’s most critical services instantly.
Media Contacts:
Effectiv: hello@effectiv.ai
Vouched: press@vouched.id
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View source version on newsdirect.com: https://newsdirect.com/news/effectiv-and-vouched-partner-to-fight-fraud-stay-compliant-and-secure-consumer-identities-for-fintechs-credit-unions-and-banks-723391580
