| |SEPTEMBER 202019Comparison, Face Comparison, Liveness Detection, Face Search, Risky & Fraud Face Detection, Face Multiplatform Score, and Face Credit Score. Our AI-powered OCR comes with ID Document Recognition (API, SDK, & ID Masking) and Receipt Recognition. Our capabilities also include NLP technology and Machine Learning algorithms for fraud detection. How would you describe the impact of these solutions?We take pride in the way we have been able to progressively impact our customers' business. For instance, in the case of an Indonesian multifinance client, we helped them reduce FPD (first probability of default) from 26 percent to 19 percent. Another interesting statistics is that during the pandemic, we've seen our `Risky Faces' module (real-time facial analysis to prevent fraud) witnessing an increased hit rate of 3.5 percent (previously 2.8 percent) in Indonesia, while the Blacklist Check Hit rate (NPL repayment behavior tracking) is relatively stable at 3.8 percent. Where is ADVANCE.AI headed in the years to come?In the Capital World (C World), the companies like ADVANCE.AI endeavor to solve the problem of matching capital and resources. We move capital and data. The core engine of this C World in future will be Artificial Intelligence and Business Intelligence -- both are designed to improve the efficiency of capital & resource allocation through a combination of perception, analytics, decisioning, and automation. 10 MOST RECOMMENDED FINTECHSTARTUPS - 2020We combine deep local market knowledge with Superior AI technology and are experts in NLP and computer vision and help our clients with chatbots, anti-fraud, facial recognition, e-KYC, and OCRDarshan Shah, Managing Director ­ India
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