Business onboarding is the key to driving profitable customer relationships. Yet today, the process is slow, complex, and confusing for all parties.
54% of companies have declined legitimate, qualified customers, restricting growth options
19% of merchants rely on disparate verification methods leading to high costs and slow decision-making.
The manual, complex process takes weeks to onboard.
Detected is a London-based fintech that provides frictionless global business onboarding. Detected, which was founded in July 2020, uses a unique algorithm which utilises over 1,700 data sources to create a detailed and accurate profile of any business in the world. It supplements this with information that can be added by the business that is being onboarded.
Detected solves these issues globally with frictionless onboarding, automated data gathering, complete ID verification, and document upload in less than 2 minutes. Security is critical, and Detected uses AI/Machine Learning to detect fraudulent actors and risk categories. This is accessible through a configurable dashboard or a single file into CRM via API.
As a result:
Global revenue growth accelerates
Churn rates decline
Operating expenses lower
Presentation by:
Liam Chennells, CEO
Lauren Sipple, Head of Operations
Ben Ainslie, Marketing Associate