India PR Distributio New Delhi [India], May 15: In today's fast-paced financial landscape, banks, financial institutions and insurance companies face a significant challenge in separating genuine customers from fraudsters. With increasing cases of identity theft and document fraud, verifying customers' identities has become more complex, especially during the on-boarding process. These institutions handle volumes of customer documents daily spanning departments such as loans, accounts and insurance policies. Fraudsters exploit this vulnerability by submitting fake documents, resulting in significant losses for both companies and customers. To address these challenges, X-Biz TechVentures Pvt. Ltd.
has launched "TrueCheck.a"
", India's leading "AI-powered offline identity verification platform".It is available for both 'on-premises' and 'SaaS platforms'. Over the past five years, X-Biz Techventures Pvt Ltd has been the trusted “Online Identity Verification Platform”. BFSI sector, completing over 200 million verifications. Now the launch of “TrueCheck.AI” is a game-changer, offering unlimited usage at a fixed cost, it is great for industries like banking, insurance, telecom and small investment firms Easier, more flexible client onboarding and verification And Compliant, Pushkar Singh, Associate Director, X-Biz Techventures Pvt. Ltd., speaking about the capabilities of the platform, said, “TrueCheck.ai incorporates advanced computer vision technologies such as AI-powered document tampering detection, face matching, Signature matching, liveness detection, cross-document verification, and auto-form filling.These features help financial institutions to accept genuine customers and also prevent fraudsters. Apart from enhancing the security measures, “TrueCheck.ai” simplifies the customer on-boarding journey by eliminating the dependency on online solutions/internet and leveraging advanced offline technologies like O-KYC and Video-KYC with live detection. makes. This ensures that only genuine individual full verification takes place, significantly reducing the possibility of identity fraud. Additionally, the Re-KYC engine facilitates seamless update of customer details with banks and organizations, enhancing data accuracy and compliance. “TrueCheck.ai prioritizes fast, easy and secure customer on-boarding process to meet the evolving demands of the digital banking and fintech landscape, emphasizes Pushkar Singh, thus streamlining user on-boarding into the platform. Features include auto-forward prefilling, intelligent document recognition, and selfie-based authentication.Increasing efficiency and accuracy while reducing friction for customers, employees, and vendors. User authentication is strengthened with multi-factor methods such as one-time password (OTP) and facial recognition, ensuring strong security without compromising on the user experience and verification platform. The engine completes the entire customer on-boarding process in under two minutes, courtesy the engine. Additionally, our proprietary document fraud detection AI module also plays a vital role in enhancing security measures and combating fraudulent activities. Identifying customers and assessing risks in business relationships, with the aim of preventing money laundering, terrorist financing, loan fraud and other illegal activities. These technologies provide secure, fast and accurate data capture integration, reducing security risks and increasing productivity As the banking, insurance and financial industries deal with the complexities of digital transformation, X-Biz TechVentures Pvt Ltd is committed to empowering businesses. Is determined to. Identity verification, fraud detection and prevention platform.By solving the industry's biggest challenges, To learn more about TrueCheck.ai, please visit our website: www.TrueCheck.a [https://www.truecheck.ai/ For more information, please contact Name: Navin Kantesh Prasaa Email: [email protected] [[email protected]] or [email protected] [ [email protected] Contact Number: 8928950592 or 1800-266-8575 To Request a Demo: Click Here