In 2007, Kenya introduced M-Pesa, a mobile phone-based money transfer service that would reshape financial inclusion globally. Key impacts: 1. Provided banking services to the unbanked 2. Facilitated economic growth in rural areas 3. Inspired similar services worldwide At Veryfi, we're inspired by such transformative innovations. How can we leverage technology to create more inclusive financial systems? #FinancialInclusion #Fintech #MobileMoney #FactoftheweekbyVeryfi
Veryfi
Software Development
San Mateo, California 3,080 followers
We Liberate End Users from Manual Data Entry.
About us
At Veryfi, we're revolutionizing data extraction and document capture with our LLMs that we’ve spent almost a decade creating. Our fine-tuned LLMs with vision models are unmatched in comprehending and discerning data from any document—no matter the document’s structure. Create your free trial to experience the full product range: [www.veryfi.com/anydocs] Loved by fintech companies and CPG brands, the advanced OCR technology delivers industry-leading speed, accuracy, and security. Veryfi is setting the new standard for document processing for every sector and use case. From invoices to bank statements and everything in between, Veryfi APIs empower businesses to focus on what truly matters by transforming how they handle data. Veryfi makes both manual data entry and manual data comprehension things of the past. See what Veryfi customers love most about the technology: [www.veryfi.com/customers]
- Website
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www.veryfi.com
External link for Veryfi
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- San Mateo, California
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Machine Learning, Mobile, Accounting, AI, Algorithms, Bookkeeping, FinTech, AEC, OCR, CPG, Expense Management, Intelligent Document Processing, FSA/HSA, IDP, scan receipts, receipts scanner, receipt scanning, AI OCR, AI data extraction, AI document capture, AI-Powered Data Extraction, AI-Enhanced Automated Processing, AI-Driven Text Recognition, AI Information Extraction, and intelligent document capture
Locations
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Primary
28 E 3rd Ave
Suite 201
San Mateo, California 94401, US
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Sydney, NSW 2000, AU
Employees at Veryfi
Updates
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We're growing our team! Veryfi is #seeking talented professionals across marketing, sales, data science, and engineering roles. Join us in revolutionizing AI-powered document processing and data extraction 🤓 Explore our open positions and apply today: https://lnkd.in/gtUDtDuu #NowHiring #TechJobs #CareerinAI
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🛡️ Fraud Prevention: How Veryfi Fights Back In our last post, we discussed the silent threat of fraud to industries. Today, let's explore how Veryfi's cutting-edge technology tackles these challenges head-on. Our advanced ML/DL models provide comprehensive protection: 1️⃣ Duplicate Detection: Our powerful similarity algorithm catches repeat receipt submissions, ensuring each transaction is unique and valid. 2️⃣ Deep Learning Flags: Automatically identifying and treating various fraud types, our deep learning models safeguard against fraudulent rewards payouts and altered verification docs. 3️⃣ Proactive Protection: Our fraud detection models work tirelessly behind the scenes, not just identifying current fraud but anticipating and preventing future attempts. At Veryfi, we're not just reacting to fraud - we're staying one step ahead. Visit https://hubs.li/Q02QRtz80 to learn more! #FraudPrevention #MachineLearning
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Did you know? The first electronic check in the US was processed in 1995. Fast forward to today, and millions of checks are digitally processed daily. This rapid shift highlights the incredible pace of financial technology innovation. At Veryfi, we're proud to be part of this ongoing revolution, continuously pushing the boundaries of what's possible in digital financial processing. #FinTech #DigitalTransformation #FinancialInnovation #FactoftheweekbyVeryfi
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Is your business ready to conquer global markets? Many companies stumble when expanding internationally due to localization challenges. But what if you could effortlessly adapt to any market? At Veryfi, we've developed solutions for seamless global operations: - Multilingual support for 38 languages - Handling of 91 currencies - Extraction of 110+ data fields from financial documents - Localized error messages for quick problem-solving Learn more about how Veryfi today and see how we can transform your AP processes internationally: https://hubs.li/Q02QR3nq0 #Localization #GlobalBusiness #FinTech #Veryfi
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Outdated ERP systems are more than just an inconvenience—they're a liability. Common challenges include: - Delayed access to critical information - Data entry errors - Integration issues with legacy systems These inefficiencies can lead to compromised patient care, operational disruptions, and inflated costs. Veryfi is addressing these challenges head-on with our advanced document processing and data extraction tools. Our solution offers: ✅ Automated data capture for reduced errors ✅ Rapid information retrieval for timely decision-making ✅ Seamless integration to eliminate data silos The result? Improved patient care, streamlined operations, and reduced costs. Learn how at https://hubs.li/Q02QR2Ww0 #HealthcareTech #ERPSolutions #AIinHealthcare
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Did you know that fraud costs businesses billions annually? From CPG brands to finance, no sector is immune. Let's unmask the clever tricks fraudsters use: - Receipt Recycling: Submitting the same receipt multiple times for rewards. It's like trying to cash the same check twice! - Document Doctoring: Altering documents with handwriting. Think of it as forgery's digital cousin. - Screen Captures: Uploading images of fake documents displayed on screens. It's the modern equivalent of photocopying money! - Fake Uploads: Submitting images that aren't actual receipts. This is like showing up to a black-tie event in a t-shirt – it just doesn't fit! How do you protect your business from these threats? #FraudPrevention #TechSolutions #DataSecurity
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📊 FinTech Trend Alert: The Rise of Digital Wallets This fun fact of the week highlights a significant shift in consumer behavior and underscores the increasing importance of digital payment solutions in our daily lives. As professionals in Expense Management, how are you preparing for this digital shift? Are you seeing this trend impact your business or sector? #FactoftheweekbyVeryfi #FinTech #DigitalWallets #FutureOfPayments