TrueBiz

One of the biggest challenges in business verification is ensuring that the person applying is actually connected to the business in question. Fraudsters can easily impersonate legitimate business owners, leaving financial institutions exposed to risk. That’s why we built Applicant Link. It’s our latest feature for TrueBiz's Web Presence Review, designed to give FIs a clear, fast way to confirm that applicants are genuinely tied to the businesses they claim to represent. By cross-referencing applicant-provided details like email, phone, description and address with a business’s online footprint, Applicant Link makes it easier to detect discrepancies, flag risks, and confidently connect people to the businesses they represent—all in under 30 seconds. We'd love to hear your thoughts—how are you addressing applicant verification challenges today? https://lnkd.in/eA5AKJvN

TrueBiz CEO, Danny Hakimian, wrote a new article in ACAMS Today on how AI is reshaping fraud detection in business verification. Fraudsters are increasingly finding ways of creating legitimate-looking business entities with generative AI tools. We think much of the solution lies in leveraging AI's power for pattern recognition and predictive insights to identify suspicious businesses faster and more accurately. Read more: https://lnkd.in/epN47mHs

TrueBiz CEO Danny Hakimian featured in the PEAK IDV Executive Series. In this in-depth interview, Danny shares insights on the evolving landscape of business verification, the role of AI in modern merchant underwriting, and how TrueBiz is leading the charge in innovative compliance solutions. Watch the full interview here: https://lnkd.in/eytDa426

TrueBiz CEO, Danny Hakimian, featured in this American Banker article on the complexities of KYB and the role of AI in streamlining the process. Our team at TrueBiz is proud to be part of the solution, making business verification more efficient and reliable. Read the full article by Miriam Cross here:?https://lnkd.in/eXCGjZDi

The TrueBiz team has been on a tear this quarter, rolling out new features to streamline how our customers are verifying business entities. A few highlights from our Q2 2024 update: ??Review Sentiment Analysis: We're using fine-tuned LLMs to analyze customer reviews for potential issues like delivery problems, product quality concerns, and signs of closure. ???Street View Analysis: We've leveraged multi-modal models to automate the analysis of a business' Street View. The analysis ensures there’s a physical business at the location and the signage matches. ?? Always-On Merchant Monitoring: We're providing real-time risk insights across a merchant’s website with the option of daily checks at the same cost that legacy providers are offering monthly reviews. And there’s more: adverse media analysis, ad & keyword analysis, connected entities detection, and negative option detection. All these updates are live now for our customers at no extra cost. Check out all the details in our latest blog post. I’d love to hear your thoughts or questions—feel free to reach out! https://lnkd.in/eaRrVawf

Proud to be expanding our partnership with Alloy

TrueBiz is introducing the next frontier of merchant risk management, Always-On Merchant Monitoring. The status quo involves dumping the details of your merchant portfolio into a CSV, batch uploading it into a web monitoring portal and waiting *weeks* to get results back. In an age where the size and speed of fraud is moving faster than ever, this simply won't work. The latest update to our monitoring product enables risk managers to get alerts at the speed of fraud. Rather than running static monthly website reviews, risk managers can now get immediate detection of potential content risk on a merchant's website as it happens -- at the same cost of legacy monthly reviews.?Read more here: https://lnkd.in/g_vNGtz2

Thrilled to share how TrueBiz has supported Meow, a leading fintech with over $1 billion in assets, to implement a robust self-serve sign-up process for their business banking products. With TrueBiz, Meow has: ? Scaled efficiently without compromising on compliance ? Enhanced the accuracy of their risk assessments ? Improved the overall customer experience by streamlining onboarding Our partnership has not only allowed Meow to sustain rapid growth but also ensured robust security and compliance standards. Read the full case study to learn more: https://lnkd.in/eE8U6EPN

Excited to share our success story with Lightspeed Commerce (NYSE: LSPD)! With TrueBiz, they 3x’d their merchant onboarding speed and doubled their automation rates, all while seeing very high accuracy with fraud detection. Read more here: https://lnkd.in/eYggx5PD

I’m excited to announce that Moody's’s teamed up with TrueBiz with the aim of – allowing customers to enjoy an even more robust merchant verification process in PassFort, our comprehensive #KYC and end-to-end onboarding solution. TrueBiz is an AI-powered platform that analyses any company’s web presence, checking for risk signals, anomalies, and more. Consequently, this integration of TrueBiz with Passfort will provide our clients with an even faster, more accurate and efficient merchant risk assessment and identity verification than before. As a result, Moody’s clients will get a more complete risk overview of each particular merchant appearing in their network in a matter of seconds. I’d like to thank TrueBiz’s team, and especially its CEO, Danny Hakimian, for recognizing Moody’s potential and the quality of our products, and for working with us on driving the #Compliance space forward. I can’t wait to see what new milestones we’ll reach with TrueBiz as we continue to scale and develop our partnership! https://lnkd.in/e4Qh4YAn