The collaboration introduces Resistant AI’s cutting-edge Document Forensics to customers, offering authentication services for digital Know Your Customer (KYC) documents submitted through Instabase’s AI Hub platform. The latter is known for its proficiency in processing extensive amounts of unstructured data, facilitating end-to-end workflow automation.
The landscape of online criminal activities is evolving with fraudsters employing increasingly sophisticated techniques. The surge in artificial intelligence applications has only expanded the array of tools available to criminals. Resistant AI’s analysis of over 25 million digital documents in the last six months revealed alarming statistics, indicating that 8% of pay stubs, 10% of bank statements, and 7% of utility bills exhibit signs of manipulation.
This strategic alliance between Resistant AI and Instabase, both prominent providers of AI Software as a Service (SaaS), addresses the pressing need for heightened security measures in workflows vulnerable to document fraud. The collaboration aims to enhance risk management and customer experience by tackling challenges such as identifying and preventing the opening of new money mule accounts linked to peer-to-peer (P2P) fraud. This partnership reflects a proactive response to the evolving landscape of financial crimes, offering advanced solutions to fortify document processing workflows.
Martin Rehak, CEO and Founder of Resistant AI says, ‘We are proud to work with Instabase to offer a solution that enables customers to automate workflows while safeguarding against fraud. Customers can feel secure knowing that they are using best-in-class technologies, from two companies that are committed to working together and integrating their product to address document fraud from end-to-end.’
Joe Ramieri, VP of GTM of Instabase says, ‘Given the ethos of innovation that both Resistant AI and Instabase have built on, our customers can now leverage an additional layer of protection by validating document authenticity, and be armed with the right integrated toolkit to stay ahead of the rapidly evolving financial crime landscape.’
Instabase is an AI application platform that empowers anyone to transform complex, unstructured data into actionable insights using cutting-edge generative AI. Harness the power of any data that flows through your organization in any format, layout or language, including documents, PDFs, images, emails, spreadsheets, slides–even handwriting.
Instabase streamlines manual processing, facilitates quicker, more informed decision making, and cultivates an ecosystem for developers to build and innovate the next generation of intelligent applications. Today, many of the world’s largest financial institutions, insurance companies, governments, and enterprises rely on Instabase to automate their mission-critical business processes end-to-end. The business is backed by leading investors, such as Greylock Partners, NEA, Andreessen Horowitz, Index Ventures, Spark Capital, Tribe Capital, K5, Original Capital, SC Ventures, and Glynn Capital.