Prestigious Annual Awards Program Recognizes Standout Financial Technology Products & Companies Around the World
SEATTLE--(BUSINESS WIRE)--Vouched, the leader in AI-powered identity verification for critical industries, today announced that it has been selected as the winner of the “Best Identity Verification Solution” award in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today.
Vouched’s AI-powered identity verification (IDV) solution is tailored for financial services companies, helping them to mitigate fraud, ensure compliance, and deliver seamless user experiences. Vouched’s proprietary AI, computer vision, and machine learning (ML) models deliver a fraud detection rate of 99.58%.
Vouched applies multiple AI models and robust data checks simultaneously, enabling institutions to onboard legitimate customers while blocking fraudulent activities in real-time. Enhanced Liveness Capture and deep-learning models further enhance fraud detection. Its Identity Proofing and Corroboration feature verifies identities across diverse user groups, enabling access to financial services while maintaining compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
With Enhanced ID Capture and Extraction, live video is utilized for accuracy, and customizable risk models adjust verification thresholds for unique use cases. Same-day implementation and a deterministic decision process help institutions meet growth goals without sacrificing compliance or user experience. Vouched also offers 90% global coverage so new IDs can be added in minutes.
“By combining state-of-the-art technology, exceptional fraud prevention capabilities, and a focus on customer success, Vouched is redefining identity verification. Financial services companies require solutions that adapt to growth and evolving regulatory needs. As fraud tactics like deep fakes and synthetic identities become harder to detect, advanced ID verification is essential,” said Steve Johansson, Managing Director, FinTech Breakthrough. “Vouched’s AI-powered solution ensures secure, trustworthy online interactions, empowering financial institutions to build trust, expand access to underserved markets, and thrive in a digital-first world. We’re pleased to award them with ‘Best Identity Verification Solution!’”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Cryptocurrencies, Lending, Payments, Investments, RegTech, InsurTech and many more.
“This recognition from FinTech Breakthrough underscores the transformative impact Vouched is having on identity verification in the financial sector,” said Peter Horadan, CEO of Vouched. “Our AI-powered solution isn’t just incrementally improving the status quo – it’s fundamentally reshaping how financial institutions approach security and customer onboarding. At Vouched, we’re not just verifying identities; we’re building the foundation of trust that will power the next generation of digital financial services.”
About Vouched
Vouched's AI-powered identity verification (IDV) solution enables businesses to authenticate individuals with ease and meet critical regulatory requirements. The platform's real-time decisioning engine delivers the fastest and most reliable responses in the industry. Utilizing proprietary AI models and extensive data verification processes, Vouched maintains one of the highest fraud detection rates, exceeding 99%. The platform's advanced liveness and document verification techniques continuously adapt to new forms of identification worldwide, enhancing its fraud detection efficacy.
Based in Seattle, Vouched is privately held and backed by Madrona Venture Labs, Ascend Ventures, Flying Fish VC, BHG VC, SpringRock Ventures, and SeaChange Ventures. For more information, visit Vouched.id and follow us on LinkedIn.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring breakthrough innovation in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the standout achievements of FinTech companies and products in categories that include Payments, Personal Finance, Cryptocurrency, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
Contacts
Media Contact:
The Colab
PR for Vouched
Vouched@colabcomms.co