About Instnt

Instnt provides an AI-managed customer acceptance platform that offers identity verification and fraud prevention with up to $100 million in fraud loss liability protection. This technology enables businesses to achieve compliance and significantly reduce fraud rates, resulting in increased digital sign-up approvals and lower application rejection rates.

```xml <problem> Businesses face challenges in verifying customer identities and preventing fraud during digital sign-up processes, leading to financial losses and compliance issues. Managing fraud prevention and adhering to KYC/CIP regulations can be complex and costly, diverting resources from core business activities. Traditional fraud detection systems often result in high false positives, causing unnecessary rejection of legitimate customers. </problem> <solution> Instnt provides an AI-managed customer acceptance platform that streamlines identity verification and fraud prevention, enabling businesses to increase digital sign-up approvals while minimizing fraudulent activities. The platform offers up to $100 million in fraud loss liability protection, shifting the financial burden of fraud away from the business. Instnt's technology allows for easy KYC and CIP compliance, reducing the complexity and cost associated with regulatory requirements. The fully managed solution eliminates the need for businesses to manage multiple vendors or complex rule sets, simplifying the onboarding process. </solution> <features> - AI-powered identity verification and fraud prevention engine - Up to $100 million in fraud loss liability protection - Fully managed service, including ongoing model optimization and rule management - Highly available, serverless infrastructure hosted in multi-region cloud data centers - Proprietary technology that reduces false positives by up to 40% - Zero-code/low-code deployment options for rapid integration - Real-time monitoring and reporting dashboards </features> <target_audience> Instnt primarily serves businesses in finance, state and federal government, e-commerce, crypto, gaming, and healthcare sectors that require robust identity verification and fraud prevention solutions. </target_audience> <revenue_model> Instnt operates on a pay-for-performance model, charging only for successfully accepted customers rather than per transaction. </revenue_model> ```

What does Instnt do?

Where is Instnt located?

Instnt is based in East New York, United States.

When was Instnt founded?

Instnt was founded in 2019.

Location

East New York, United States

Founded

2019

Employees

17 employees

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Instnt

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Executive Summary

instnt.org 1K+

Founded 2019 – East New York, United States

Funding

No funding information available.

Team (15+)

No team information available.

Company Description

Problem

Businesses face challenges in verifying customer identities and preventing fraud during digital sign-up processes, leading to financial losses and compliance issues. Managing fraud prevention and adhering to KYC/CIP regulations can be complex and costly, diverting resources from core business activities. Traditional fraud detection systems often result in high false positives, causing unnecessary rejection of legitimate customers.

Solution

Instnt provides an AI-managed customer acceptance platform that streamlines identity verification and fraud prevention, enabling businesses to increase digital sign-up approvals while minimizing fraudulent activities. The platform offers up to $100 million in fraud loss liability protection, shifting the financial burden of fraud away from the business. Instnt's technology allows for easy KYC and CIP compliance, reducing the complexity and cost associated with regulatory requirements. The fully managed solution eliminates the need for businesses to manage multiple vendors or complex rule sets, simplifying the onboarding process.

Features

AI-powered identity verification and fraud prevention engine

Up to $100 million in fraud loss liability protection

Fully managed service, including ongoing model optimization and rule management

Highly available, serverless infrastructure hosted in multi-region cloud data centers

Proprietary technology that reduces false positives by up to 40%

Zero-code/low-code deployment options for rapid integration

Real-time monitoring and reporting dashboards

Target Audience

Instnt primarily serves businesses in finance, state and federal government, e-commerce, crypto, gaming, and healthcare sectors that require robust identity verification and fraud prevention solutions.

Revenue Model

Instnt operates on a pay-for-performance model, charging only for successfully accepted customers rather than per transaction.