Fideo Intelligence has recently introduced Verify, an advanced AI-driven identity verification and fraud prevention tool designed to enhance the detection of fraudulent activities.
Following this new service launch, Fideo Verify combines multiple verification checks into a unified API. This system integrates eight key categories of identity validation checks, each supported by various data signals for enhanced accuracy.
By leveraging the Fideo Identity Fraud Intelligence (iFIN) Network, the solution provides comprehensive and rapid risk assessments. The company is committed to meeting clients’ needs while maintaining regulatory compliance.
Key Features of Fideo Verify
Verify offers a single API that consolidates full-spectrum intelligence across synthetic identity detection, email risk modeling, phone risk analysis, IP address checks, digital footprint analysis, location anomaly detection, and breach exposure analysis. Each verification process is streamlined into one call to reduce redundancies and fill critical gaps fraudsters might exploit.
The pricing model for Verify features a flat rate per user session for unlimited verification calls, making advanced identity intelligence accessible to financial institutions of all sizes, including fintechs, credit unions, community banks, and non-traditional lenders. This approach ensures that costs are minimized while maintaining robust security measures.
Identifying potential risks during initial screenings allows fraud and risk teams to efficiently decide whether to proceed with further compliance checks or reject users promptly. This proactive strategy enhances the onboarding process for legitimate customers while directing resources towards high-risk cases, thereby improving both operational efficiency and fraud prevention.
Additionally, financial institutions can use Verify’s full suite of services or opt for a modular approach based on their specific requirements. This flexible configuration strengthens identity security by providing tailored fraud risk scores that optimize the process of stopping bad actors without adding unnecessary steps to the user journey.
