Fortiro is a fintech company specializing in automated document fraud detection and financial verification. Their platform enables businesses to detect fraudulent documents and automate income verification processes, leading to faster application processing times, reduced costs through fraud prevention, and an improved customer experience.
Key Features and Functionality:
- Fortiro Protect: Automates document fraud checks by analyzing document layout, content, and metadata to detect fraud, eliminating the need for manual reviews.
- Fortiro Accelerate: Extracts and verifies income and expenses from financial documents such as payslips and bank statements, streamlining the financial verification process.
- Fortiro Redact: Automatically redacts sensitive information from financial documents, ensuring compliance and data privacy without manual intervention.
Primary Value and User Solutions:
Fortiro addresses the challenges of manual document review and fraud detection by providing automated solutions that enhance efficiency and accuracy. By implementing Fortiro's platform, organizations can significantly reduce the time required to verify income documents—from hours or days down to approximately 30 seconds—while simultaneously increasing fraud detection capabilities. This leads to reduced fraud losses, lower operational costs, and a more streamlined customer experience.