AIO Overview
AIO develops solutions to reduce the time commercial lenders spend collecting, verifying, and cross-checking documents with API data by 8% using artificial intelligence. AIO's platform extracts and understands data, validates it against public and private sources, and generates an accurate 360-degree profile of commercial clients in minutes to speed up decision-making and improve retention. AIO's paying customers include US banks, credit unions, non-bank lenders, and fintechs.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
AIO receives $1 million grant to expedite banks' loans
Israeli fintech company AIO has partnered with Finastra and received a $1 million grant from the BIRD Foundation to co-develop a digital customer onboarding solution. The solution automates the process of establishing a valid financial identity for loan applicants and is available on Finastras Fusion Fabric cloud platform. It boosts efficiency by 80% and is expected to be widely used by financial institutions in the U.S. and Europe in the coming months. AIOs CEO stated that the solution helps financial institutions meet the increased demand for business loans during the COVID-19 pandemic.
PartnersInvestment
growth-positive
https://www.finextra.com/pressarticle/85308/aio-id-verification-tech-comes-to-finastra-fusionfabric-cloud-platform
AIO - Verified Financial Identity has announced the availability of its financial identity verification technology via Finastras open developer platform and app store. The partnership with Finastra aims to help banks meet the increased demand for business loans due to COVID-19 by offering a digital customer onboarding experience and a financial identity SaaS solution. The current paper-based and manual processes for financial identity verification and customer onboarding are time-consuming and inefficient. AIOs solution automates the collection and verification of digital financial documents, accelerating customer onboarding by up to 80%. The solution also provides fraud prevention and privacy features. Several multinational banks in the U.S. and Europe are already piloting AIOs solution.
PartnersCustomers
| Sector | Fintech & Insurtech |
Funding
| Total funding | $4.5M |
| Last funding | $3.5M |
| Stage | Seed |
| Rounds | 2 |
| Investors | 0 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | www.aio.network/ |
Locations
Rothschild Boulevard 3, Tel Aviv-Yafo, Israel
Photos & Videos
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