back Back

Resistant AI taps Instabase to offer document fraud detection

By Gloria Methri

October 03, 2023

  • AIML
  • Czech Republic
  • Data Automation

Resistant AI, AIML, Fight Fraud, UK, Instabase

Resistant AI, the AI, and machine learning-powered financial crime prevention specialist, has partnered with unstructured data automation platform Instabase.

The partnership offers financial services organizations Resistant AI’s Document Forensics to authenticate digital KYC documents submitted through Instabase’s AI Hub platform which processes vast amounts of unstructured data to automate end-to-end workflows.

Combatting online criminals requires progressively more powerful technology as fraudsters apply more sophisticated techniques, and the rise of artificial intelligence has only increased the number of tools in a criminal’s arsenal.

In an analysis of over 25 million digital documents in the last six months, Resistant AI found that 8% of pay stubs, 10% of bank statements, and 7% of utility bills show signs of manipulation.

This new partnership between AI SaaS providers, Resistant AI and Instabase, addresses the demand for improved safety measures in fraud-prone document processing workflows, including identifying and preventing new money mule accounts being opened in relation to peer-to-peer (P2P) fraud, resulting in enhanced risk-management and customer experience.

Martin Rehak, CEO and Founder of Resistant AI said, “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 said, “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.”

Previous Article

October 03, 2023

Yoti releases new Digital ID app with Lloyds Bank

Read More
Next Article

October 03, 2023

Sygnum gains MPI Licence from Monetary Authority of Singapore

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024


Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


FIS & Lendio launch ‘SMB Digital Lending’ to boost small business loan processes

Read More


Invest Blue taps GBST for its WealthConnect practice management solution

Read More

July 16, 2024

TISA goes live with Oracle’s core banking system, Flexcube 14.7

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024