Coris is an AI-powered risk management platform designed to help software platforms and fintech companies efficiently onboard, underwrite, and monitor small and medium-sized businesses (SMBs). By leveraging artificial intelligence and large language models, Coris automates the traditionally labor-intensive processes of SMB risk assessment, enabling businesses to make informed decisions quickly and accurately.
Key Features and Functionality:
- MerchantProfiler: Provides real-time Know Your Business (KYB) data on SMBs across 46 countries, automates analysis of business websites and third-party reviews, and offers accurate industry classification.
- CorShield: A fraud prevention model that detects business impersonation and first-party fraud at sign-up by cross-referencing applicant data against multiple sources to validate identities.
- Fuzio: A centralized risk management platform that consolidates data from various sources, sets up custom risk rules and actions, and automates routine risk assessments.
- Risk AI: An autonomous agent that automates decision-making for risk and fraud teams, operating as a 24/7 conversational agent to handle false positives and reduce manual workload.
Primary Value and Problem Solved:
Coris addresses the challenges of fragmented and unstructured SMB data by providing a unified platform that automates risk management processes. This reduces manual reviews, accelerates onboarding, and enhances fraud detection, allowing companies to scale their operations efficiently while minimizing risk. By integrating AI-driven insights, Coris empowers businesses to make data-informed decisions, fostering greater trust and reliability in their SMB partnerships.