DataPro, a risk-management and credit-rating firm, has launched an Artificial Intelligence-driven Know Your Customer, KYC, and background-verification platform.

‎The company says the platform will help banks, asset managers and FinTechs detect risks early and prevent fraud and regulatory breaches.

‎It said the new system moves verification from reactive to proactive, spotting red flags before they become costly financial problems.

‎DataPro noted that old verification methods expose organizations to fraud, identity manipulation and regulatory violations, adding that its AI solution is faster, more reliable and will help institutions make better decisions while onboarding customers at scale.