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Verto chooses Resistant AI to improve document verification process for cross-border payments

Resistant AI, the AI- and machine learning-powered financial crime prevention specialists, today announces that Verto, the cross-border payment platform for emerging economies, has selected its Document Forensics to significantly enhance its document verification process, reduce application review times and enable further expansion into new markets.

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Verto operates across an expanding global financial market, which presents many challenges with swift and accurate customer onboarding. It is necessary to authenticate an extensive range of documents across diverse formats which can include PDFs, images or scans which originate from multiple countries with unique legal frameworks and documentation standards. Of particular challenge can be account statements or utility bills for authentications from a wide variety of sources.

Resistant AI’s document fraud detection solution seamlessly integrates into Verto’s existing systems to provide rapid and reliable document authentication, and support its growth into new markets without escalating risks. Adopting Resistant AI’s technology has meant that within weeks, Verto were able to authenticate documents from numerous countries in seconds, reducing application review time by 50% by quickly and accurately identifying document tampering and inconsistencies invisible to the human eye.

In addition to its document forensics, working with Resistant AI has enabled Verto to reshape its entire approach to document verification by establishing a comprehensive compliance policy tailored to handle different kinds of documents. An essential component of this strategy is the deployment of Adaptive Decisioning, which aligns the system’s outcomes with the customer’s risk appetite, ensuring that Verto’s onboarding process remains robust, compliant, and efficient.

Martin Rehak, CEO and Founder of Resistant AI says, “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.”

Anthony Oduu, Co-Founder, Chief Technology and Product Officer of Verto says, “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.”

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