VULT Security

Nexrage Studios has developed a cutting-edge KYC solution, integrating AI models with biometric verification to revolutionize fraud prevention strategies. Our groundbreaking technologies—Verified Account Origination and Verified Point of Approval—leveraging AI for document analysis and biometric authentication linked directly to financial transactions, setting a new standard in security and compliance. The initiative involved creating an advanced platform capable of analyzing government-issued documents, such as driver's licenses, and validating them against live biometric data.

Financial institutions lose billions annually to fraud, with existing solutions only detecting fraud after it occurs. The challenge was to create a system that prevents fraud before transactions are completed while maintaining a frictionless user experience. Traditional card-not-present transactions face higher interchange rates due to fraud risk, creating additional costs for merchants.

Key Features & Solutions include: Pre-Transaction Fraud Prevention with patented technology that associates biometric data with payment accounts, requiring biometric confirmation for every transaction. Biometric Authentication integrates facial recognition technology to authenticate identities for account creation and transaction approval. AI-Powered Document Verification utilizes AI to analyze and verify the authenticity of government-issued documents. No Code and Low Code SDKs allow businesses of all technical levels to integrate advanced security features quickly and efficiently. Innovative Interchange Rate Model provides a new interchange rate for card-not-present transactions that matches—or even undercuts—rates typically reserved for card-present transactions.

The deployment of VULT Security's solution leverages Microsoft Azure to ensure high availability and scalability. Using Azure's auto-scaling feature, VULT Security can dynamically adjust resources to meet demand without manual intervention, ensuring efficient operation during varying load levels. This is complemented by Azure's robust monitoring and alert systems, which provide real-time insights into the application's performance and security status. The system connects to DMV databases and scans the OFAC database to ensure comprehensive identity verification.

The platform is designed with accessibility in mind, ensuring that users from various demographic backgrounds can easily interact with the system without facing technological barriers. VULT's solutions are built to scale seamlessly with client needs, supporting everything from small startups to large enterprises across multiple industries. White labeling options allow clients to brand and customize the security solutions to fit their specific needs without investing in ground-up development.

VULT Security has committed to the highest standards of compliance and security. The platform has undergone rigorous SOC 1 and SOC 2 Type I and Type II audits, conducted by independent auditors. These audits assess the effectiveness of VULT Security's controls related to user data protection and privacy. Achieving these certifications underlines the dedication to maintaining a secure and reliable platform. The innovative approach has enabled substantial cost savings to merchants through reduced interchange rates.

VULT Security's innovative approach not only sets a new benchmark in the security industry but also provides clients with a robust tool to enhance their fraud prevention strategies. Their technology empowers businesses to safeguard their operations and build trust with their customers, ultimately contributing to a safer financial ecosystem. Future enhancements include expanded biometric modalities, blockchain integration, and global ID document support.