1/We're thrilled to announce that TrueBiz has raised $2.4m seed round to reinvent corporate due diligence. Not only that, but today weโre also launching our brand new product: TrueBiz Risk Score!
"It still takes human intervention but making the process more efficient allows you to hone in on something that may look irregular, rather than getting buried in the detail and missing something right in front of you." https://t.co/v7eeWDcpeC
7/ Proud of our partnership with Lightspeed and excited about the impact we've made together. Read the full case study to learn more. https://t.co/7YiCiBDazG
TrueBiz's Q1 Product Update is here! Picking out some of my favorite new updates below but there's some amazing new innovations discussed in the blog post linked below including:
Our friends at TrueBiz just published a great whitepaper on the use of AI in merchant underwriting, fraud detection, and risk verification.
๐๐https://t.co/c4xLRvT8aq
"The ease with which AI can be used to fabricate convincing online merchant presences and business operations is a particular concern that professionals in this space must urgently address.
We wrote this white paper to help those in underwriting and risk roles across the payments industry better understand this new innovation. There are many risks and opportunities we think this space presents that are worth sharing."
@dannyhak
๐[4/5] The impact of this collaboration has been incredible: a 56% increase in automated approvals and a decrease in review time from 20 minutes to an average of 17 seconds.
๐ก[3/5] The TrueBiz solution enabled them to automate merchant website reviews and reducing website analysis time to just seconds. This advancement is not only about efficiency; it's about the precision and depth of insights now available to their process.
๐[2/5] We faced a real challenge: Visa's manual verification of merchant websites was time-consuming, taking 10-20 minutes per merchant, and often inconsistent.