Truid
truID provides identity verification solutions that utilize AI, Computer Vision, and Natural Language Processing to conduct remote identity checks in under 30 seconds, primarily targeting the financial services and telecommunications sectors. This technology aims to improve operational efficiency by significantly decreasing the time and costs associated with traditional verification methods while enhancing trust and fraud prevention.
- Industry: KYC & AML
- Location: Islamabad, Islamabad, Pakistan
- Founded: 2020-01-01
- Website: https://truid.ai
Product & Features
- truID uses advanced AI to detect liveness through facial micro-expressions and skin features, preventing fraud.
- The product performs document authenticity checks by scanning IDs and inspecting security features with AI validation.
- truID matches ID photos with live selfies, accommodating natural changes in appearance over time.
- It captures fingerprints from both hands using a smartphone camera, ensuring high matching accuracy with government databases.
- The OCR technology extracts information from ID documents in English and Urdu, streamlining identity validation.
- truID reduces onboarding time by 120x compared to manual verification and cuts costs significantly.
- The system boasts a 0% false positive rate and a 98% auto verification rate for enhanced security.
- truID enables completely remote onboarding, reducing customer attrition by up to 40%.
Notable Customers
- Askari Bank
- Broadmay
- Habib Bank Limited
- MyTm
- Fauji Security Services
- ClickRozi
Funding Rounds
- Seed — $9M (2022-04)
Investors
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Frequently Asked Questions
What is Truid?
truID provides identity verification solutions that utilize AI, Computer Vision, and Natural Language Processing to conduct remote identity checks in under 30 seconds, primarily targeting the financial services and telecommunications sectors. This technology aims to improve operational efficiency…
What does Truid do?
truID uses advanced AI to detect liveness through facial micro-expressions and skin features, preventing fraud. The product performs document authenticity checks by scanning IDs and inspecting security features with AI validation. truID matches ID photos with live selfies, accommodating natural changes in appearance over time.
Who are Truid's customers?
Truid's customers include Askari Bank, Broadmay, Habib Bank Limited, MyTm, Fauji Security Services, ClickRozi.
Who are Truid's investors?
Truid's investors include Episode 1, MMC Ventures.
What category does Truid fall under?
Truid is a legal technology company in the KYC & AML category.
Where is Truid based?
Truid is based in Islamabad, Islamabad, Pakistan.