FinovateEurope 2024 / Intrepid Fox
Presenter Profile:
How they describe themselves: Intrepid Fox aims to revolutionise how KYC for business customers (KYB) in performed. KYB costs banks and fintech over $1000 on average and takes weeks, delaying revenue, ruining conversions and making customers unhappy.
Intrepid Fox uses cutting edge customized Generative AI technology to resolve this problem. Their innovative approach is different to the existing software providers and deals with the processes which are not yet automated.
How they describe their product/innovation: Generative AI based innovative solutions by Intrepid Fox enables employees involved in the KYC for business customers (KYB) to work 10x more efficiently. Their solution reads and understands documents, extracts data points for further analysis, clarifies with the customer what is missing or unclear, and consults the customer on document requirements. This will help reduce the cost of onboarding KYB by 50% and save at least one week of onboarding time per every customer.
Product distribution strategy: Direct to Business (B2B), Through other fintech companies and platforms
Credit Union/Community Bank Fit: Credit Unions, Community Banks
Contacts:
Bus. Dev. & Press: Roman Zilber (Founder), roman@intrepidfox.tech, +972503709901