Youverify provides an AI-powered compliance platform that automates anti-money laundering (AML) strategies and real-time transaction monitoring to mitigate fraud risks for financial institutions. By integrating over 300 data sources, Youverify enables clients to reduce fraud losses by over 60% and streamline customer onboarding processes by more than 90%.
Funding
$5.4M 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.
ELCPAVCFounders
Product
Problem
Financial institutions face challenges in efficiently verifying customer identities and monitoring transactions in real-time, leading to increased fraud risks and compliance costs. Traditional anti-money laundering (AML) strategies often involve manual processes and fragmented data sources, resulting in slow onboarding and potential regulatory breaches.
Solution
Youverify offers an AI-powered compliance platform that automates AML strategies and provides real-time transaction monitoring, helping financial institutions mitigate fraud risks. The platform integrates over 300 data sources into a single workflow, enabling businesses to make automated decisions with accuracy. Youverify's solutions include Know Your Customer (KYC), Know Your Business (KYB), Know Your Employee (KYE), and Know Your Transaction (KYT) services, all designed to streamline customer onboarding and ensure regulatory compliance. Its AI-driven risk intelligence solution consistently monitors emerging customer risks, updating risk scores every 30 days using a patent-pending intelligent algorithm that analyzes data across a 4-year span. The platform's no-code workflow builder allows businesses to customize KYC, KYB, and KYE processes for rapid customer onboarding without compromising compliance.
Target Audience
Youverify primarily serves financial institutions, fintech companies, lenders, brokerages, exchanges, and crypto companies seeking to automate compliance processes, reduce fraud losses, and improve customer onboarding.
Features
- AI-powered customer risk intelligence solution for continuous monitoring of emerging risks
- Real-time transaction monitoring with AI-generated rules based on global fraud patterns
- Customizable no-code workflow builder for KYC, KYB, and KYE processes
- Integration with 300+ data sources for comprehensive customer profiling
- Automated AML strategy and compliance management
- Customer onboarding solutions with ID verification and address verification
- Employee verification system for seamless onboarding
- Global coverage to stay compliant and onboard customers from anywhere in the world