AiPrise: Identity Verification Made Simple

tl;dr We let you ensure that your users are really who they claim to be. We do this by integrating with multiple vendors and exposing them all through one single platform.

Hey everyone, Rushabh & Chaitanya here. We’re a team of enthusiastic product builders. Chaitanya brings 4+ years of experience in the Trust and Safety space as a tech lead from Google, while Rushabh brings an in-depth experience in building developer focussed products through his role as a Staff Engineer at Meta. We are super excited to publicly announce the launch of AiPrise. We officially went live with our first few customers in just under 45 days!

⚠️ Problem

Does your platform require you to know who your customers are (aka - KYC / identity verification)?

People who have hunted for KYC/KYB providers in the past are probably already thinking - “Oh ok - here goes one more KYX provider”.

Hint: We aren’t yet another KYX provider

True identity verification is super challenging. No one provider is usually sufficient to meet all your needs. Each country has different compliance requirements, each platform has a different risk appetite, and simply checking the KYC boxes is usually not enough to prevent real fraud on a platform.

On an average, a company ends up integrating with 10+ identity providers over time. Layering multiple vendors is not just more fraud proof, but also cost effective in certain cases.

Interesting stuff we heard from other companies:

1. Cost Optimization Local providers tend to be cheaper for a given region, but have limited coverage. Use a local provider for requests from a certain country, if it fails - fall back to a more expensive global provider.
2. Device Attributes: Regular KYC checks have become too easy for fraudsters. In one case, fraudulent users gained access to legitimate IDs, but the attack was thwarted as all the requests came in with a specific screen resolution set by a bot farm.

We can go on and on about the list here, But the gist is that on an average, a company ends up writing 100+ rules using a varied combination of APIs just to prevent account opening scams.

Think about the complexity of the decision engine over time and the resources it takes to maintain them!

💡 Solution

Meet AiPrise: AiPrise provides companies with a single platform with pre-integrated APIs to pick and choose from and easily manage their identity stack.

You can quickly drag and drop the vendors that best suit your needs into a workflow, add conditional logic on top of it and voila! You are done!

No more talking to 10 different vendors and negotiating contracts with them. No more reading through the docs of 10 different vendors and integrating them one by one. You only need to integrate with us once, and get access to all the APIs you need on the go!

We already have 15+ vendors integrated on our platform - enabling not just the usual documentary checks, but also KYB and fraud detection.

Glimpse of how you can manage your identity stack with AiPrise

What’s more?

1. We also provide a client-side SDK with completely customizable onboarding screens, that you can integrate with in less than a day.
2. AiPrise also comes with a set of predefined templates to get you compliance ready super quickly!
3. Don’t see the API you need? Just shoot us an email and we will work with the API provider to make it available for you.

At AiPrise, we believe that identity verification is essential to establishing trust on any platform, and that it should be available to startups and big enterprises alike. Hence - our platform has 0 upfront costs!

Asks

1. If you are using an existing KYC provider or are looking for one, we can help you future proof your compliance needs. Do reach out!
2. If you have insights / experience in this space - we would love to learn from you! Please drop a comment and we will reach out to you.

Please reach out to us at founders@aiprise.com and we are happy to help set up your compliance and customer onboarding policy.

Thanks

Feel free schedule a chat/demo with us at https://calendly.com/d/dxd-2rr-p24/meet-aiprise. Feedback is very welcome!