Verto partners with Resistant AI for groundbreaking document verification

Verto partners with Resistant AI for groundbreaking document verification

Verto, the innovative cross-border payment platform catering to emerging economies, has announced a strategic partnership with Resistant AI, specialists in AI- and machine learning-powered financial crime prevention.

This collaboration is set to significantly boost Verto’s document verification processes, slashing application review times and facilitating further expansion into new territories.

The partnership between Verto and Resistant AI is primarily driven by the need to tackle the complex challenges of customer onboarding in the rapidly expanding global financial market. Verto’s operation requires the authentication of a vast array of documents from diverse formats and origins, a task made daunting by the varied legal frameworks and documentation standards across countries.

Resistant AI specializes in the detection of document fraud, offering a solution that integrates seamlessly with Verto’s existing systems. This technology enables swift and reliable document authentication, supporting Verto’s growth ambitions without increasing risk exposure. The adoption of Resistant AI’s Document Forensics has allowed Verto to authenticate documents from numerous countries in seconds, halving application review times by quickly identifying document tampering and inconsistencies that would otherwise go unnoticed.

Furthermore, collaboration with Resistant AI has empowered Verto to overhaul its approach to document verification. By developing a comprehensive compliance policy and deploying Adaptive Decisioning, Verto aligns verification outcomes with its risk appetite, ensuring a robust, compliant, and efficient onboarding process.

Anthony Oduu, Co-Founder, Chief Technology and Product Officer of Verto, remarked, “Resistant AI has enhanced the speed of our decision-making by rapidly verifying documents from numerous countries, enabling us to efficiently onboard more reliable customers and expedite transaction processing. The way the platform identifies tampered documents in seconds has dramatically accelerated our ability to establish UBO in an international setting.”

Martin Rehak, CEO and Founder of Resistant AI, also expressed enthusiasm about the partnership. He said, “The complexities of operating within the global financial market are immense, especially for a fintech company like Verto that is constantly exploring new territories. It is a pleasure to work with the team to speedily verify the process of customer onboarding, whilst identifying potential fraudulent threats. All of these efficiency gains enable Verto to expand its global footprint more rapidly without compromising on risk.”

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