Vouched CEO Peter Horadan was featured in a Pulse 2.0 interview, talking about AI-based identity verification and fraud prevention solutions. He believes identity verification is the next frontier for software automation.
“I am convinced that the next frontier of software automation is in identity. Most people give little thought to logging into things. But Identity is about to change in 2 very big ways that are going to cause every business in the world to fundamentally rethink how they identify their customers moving forward. And it’s going to change how we work together on the Internet.”
He sees two major changes reshaping the industry:
Vouched's AI-powered technology can verify identities in under 8 seconds by scanning IDs, detecting fraud and tampering, and using biometric verification, helping customers like a major online pharmacy reduce patient abandonment rates from 60% to just 5% while virtually eliminating fraud.
The company has earned recognition including the Golden Stevie Award for fastest-growing company and Best Identity Verification Solution from the FinTech Breakthrough Awards, and continues to evolve its technology to help customers grow their businesses while maintaining security and compliance.
Originally published on Pulse 2.0. For full article, visit the source.