Veryfi

Are you drowning in the ocean of APIs? Let Veryfi's SDK be your lifeboat! ?? Integrating document extraction APIs in fintech apps just got easier. Our open-source SDKs offer: 1. Streamlined authentication 2. Ready-to-use code samples 3. Community-driven improvements Ready to transform unstructured financial documents into structured data at scale? Dive into our GitHub repos and start building: https://hubs.li/Q02Tm15q0 #FintechDevelopment #DocumentExtraction #SDK

From Soda to Fintech Pioneer: Coca-Cola's 1997 Mobile Payment Breakthrough In the world of fintech, innovation often comes from unexpected places. In 1997, Coca-Cola made waves by introducing mobile payments via text message in Helsinki, Finland. This groundbreaking move: - Predated widespread smartphone adoption - Laid foundation for today's mobile payment ecosystem - Demonstrated cross-industry innovation potential #FintechInnovation #MobilePayments #BusinessTechnology #FactoftheweekbyVeryfi

?? The Game-Changing ROI of Automated Receipt Processing in CPG Loyalty Programs Did you know? - CPG brands with strong loyalty programs are 5x more likely to increase market share - Automated receipt processing can reduce operational costs by up to 75% - Companies using AI for loyalty programs see a 20% increase in customer retention rates Our current CPG customers using Veryfi Receipts OCR reveal: ? 3x faster reward redemption ? 75% reduction in operational costs ? 40% increase in customer engagement ? 60% reduction in fraudulent claims ? 15% boost in repeat purchases Discover how Veryfi's AI-powered receipt processing is transforming CPG loyalty programs: https://hubs.li/Q02RMQTB0

Are traditional template-based invoice processing tools holding your fintech solutions back? - 88% of spreadsheets contain errors, costing businesses billions annually. - Manual invoice processing takes an average of 8.6 days and costs $15 per invoice. - 61% of finance leaders say legacy systems are holding them back from digital transformation. In one of our most recent blog posts. we dive deep into: - Why standard solutions fall short for modern fintech needs - The importance of custom business rules for complex financial scenarios - How Veryfi AI-driven OCR can be integrated into your existing solutions to enhance your invoice processing workflow Discover how Veryfi's advanced document automation can make your fintech product truly cutting-edge. ?? Read the full analysis: https://hubs.ly/Q02RMM2p0 Developers: see how you can integrate these powerful features by checking out our API docs https://hubs.ly/Q02RMLmp0

In 2007, Kenya introduced M-Pesa, a mobile phone-based money transfer service that would reshape financial inclusion globally. Key impacts: 1. Provided banking services to the unbanked 2. Facilitated economic growth in rural areas 3. Inspired similar services worldwide At Veryfi, we're inspired by such transformative innovations. How can we leverage technology to create more inclusive financial systems? #FinancialInclusion #Fintech #MobileMoney #FactoftheweekbyVeryfi

We're growing our team! Veryfi is #seeking talented professionals across marketing, sales, data science, and engineering roles. Join us in revolutionizing AI-powered document processing and data extraction ?? Explore our open positions and apply today: https://lnkd.in/gtUDtDuu #NowHiring #TechJobs #CareerinAI

??? Fraud Prevention: How Veryfi Fights Back In our last post, we discussed the silent threat of fraud to industries. Today, let's explore how Veryfi's cutting-edge technology tackles these challenges head-on. Our advanced ML/DL models provide comprehensive protection: 1?? Duplicate Detection: Our powerful similarity algorithm catches repeat receipt submissions, ensuring each transaction is unique and valid. 2?? Deep Learning Flags: Automatically identifying and treating various fraud types, our deep learning models safeguard against fraudulent rewards payouts and altered verification docs. 3?? Proactive Protection: Our fraud detection models work tirelessly behind the scenes, not just identifying current fraud but anticipating and preventing future attempts. At Veryfi, we're not just reacting to fraud - we're staying one step ahead. Visit https://hubs.li/Q02QRtz80 to learn more! #FraudPrevention #MachineLearning

Did you know? The first electronic check in the US was processed in 1995. Fast forward to today, and millions of checks are digitally processed daily. This rapid shift highlights the incredible pace of financial technology innovation. At Veryfi, we're proud to be part of this ongoing revolution, continuously pushing the boundaries of what's possible in digital financial processing. #FinTech #DigitalTransformation #FinancialInnovation #FactoftheweekbyVeryfi