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CARD91 Launches AI Platform for Faster Financial Onboarding
1 Apr
Summary
- VerifyIQ uses AI for faster, accurate financial onboarding decisions.
- Platform addresses fragmented verification processes in BFSI sector.
- Supports banks, NBFCs, and insurers in onboarding and risk assessment.
CARD91 has unveiled VerifyIQ, an artificial intelligence-powered verification intelligence platform tailored for the banking, financial services, and insurance (BFSI) sector. Launched on April 1, 2026, this platform is engineered to accelerate and enhance the accuracy of onboarding decisions for financial institutions.
VerifyIQ addresses the persistent challenge of fragmented verification processes within the BFSI industry. Many institutions rely on outdated, siloed KYC checks and slow manual reviews, leading to extended onboarding times and increased fraud risks. The platform integrates unified verification, early fraud detection, and real-time confidence scoring.
For banks, VerifyIQ aids in accelerating account opening, lending decisions, and merchant identification. Non-banking financial companies (NBFCs) can utilize it for real-time risk assessment during loan origination. Life and general insurers benefit from more informed underwriting by verifying proposer data against existing systems.
This new platform extends CARD91's existing infrastructure, filling a critical gap in the onboarding stack. It analyzes data consistency from diverse sources, distilling it into a single, decision-ready Confidence Risk Score. Ajay Pandey, Founder & CEO of CARD91, stated that VerifyIQ provides decision-ready intelligence, enabling risk and compliance teams to operate with greater confidence and earlier fraud visibility.
About CARD91, it is a 'Made in India' payments and user onboarding infrastructure provider. The company facilitates the launch and scaling of customer programs for regulated entities, supporting seamless onboarding, fraud detection, credit decisioning, and card issuance. CARD91 operates in key financial hubs including Mumbai, Bangalore, Delhi, and Chennai.
