In this article, we’ll delve into the solutions that help businesses “Know Their Business” and automate their underwriting procedures.

Small and medium enterprises (SMEs) are the backbone of economies worldwide, generating employment opportunities and contributing significantly to GDP growth. Despite their importance, SMEs often face challenges in accessing funding from traditional financial institutions. This blog explores the role of alternative data and artificial intelligence (AI) in addressing this issue and fostering diversity and inclusion in SME lending.

Verifying a customer’s identity and complying with regulatory requirements are more important than ever. Enterprises face a significant challenge in this area because it can affect their reputation and profitability. IDVerifact offers advanced solutions that help enterprises across various industries reduce risks and improve their customers’ experiences.

As the payments industry becomes more reliant on digital transactions, protecting consumer data and privacy has become increasingly crucial. With data breaches and privacy violations on the rise, companies must ensure that they are collecting and using consumer data ethically and transparently.