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.
Funding
Funding not disclosed
Founders
Product
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.
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.
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