Akiba Digital provides a unified API solution for identity verification, fraud detection, and risk analysis by aggregating over 100 datasets to streamline customer onboarding and enhance decision-making. The platform addresses the inefficiencies of fragmented data and lengthy assessment processes, enabling businesses to reduce costs and improve user experience during customer origination.
Funding
$4.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Businesses face challenges in efficiently verifying customer identities, detecting fraud, and assessing risk due to fragmented data sources and lengthy assessment processes. This leads to increased operational costs, higher customer drop-off rates during onboarding, and potential exposure to fraudulent activities.
Solution
Akiba Digital offers a unified API solution that consolidates over 100 datasets to streamline customer onboarding and improve decision-making related to identity verification, fraud detection, and risk analysis. By aggregating diverse data sources, the platform provides a comprehensive customer view, enabling businesses to make quicker and more informed decisions. Akiba Digital's solution reduces the time and cost associated with customer origination while enhancing the user experience through a streamlined onboarding process. The platform's origination widget intelligently collects user data with minimal friction, reducing application churn and improving customer acquisition rates. Furthermore, the system flags suspicious behavior and tempered documents, mitigating the risk of fraud and ensuring compliance.
Target Audience
Akiba Digital primarily targets businesses, including financial institutions and fintech companies, that need to efficiently verify customer identities, detect fraud, and assess risk during the onboarding process.
Features
- Unified API access to over 100 datasets for identity verification, AML/PEP screening, and risk assessment.
- Automated KYC/KYB processes, including verification of business registration, identity number, bank account, and phone number.
- Bank transaction history analysis and bank statement analysis for affordability, liquidity, and risk assessments.
- AML/PEP checks, sanction listing screening, and default listing screening.
- Suspicious behavior flagging and tempered document detection.
- Origination widget for streamlined user data collection.