Bulletins

Stripe unveils AI-powered tool for verifying identities

The new tool will help battle fraud.

Stripe unveils AI-powered tool for verifying identities

The new tool will help battle fraud.

Image: Stripe

Stripe's new AI-powered tool, called Stripe Identity, can help clients verify the identity of their customers.

The tool, which launched Monday, lets businesses verify identities to battle fraud and make sure customers are complying with regulations.

"Businesses have been asking us for an easy and fast way to verify identities online," Rob Daly, head of engineering for Stripe Identity, said in a statement. "Now, any internet business — from a five-person startup to a multinational enterprise — can begin securely verifying the identities of their users in a matter of minutes, not weeks or months."

Benjamin Pimentel

Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many of the biggest tech stories over the past 20 years for the San Francisco Chronicle, Dow Jones MarketWatch and Business Insider, from the dot-com crash, the rise of cloud computing, social networking and AI to the impact of the Great Recession and the COVID crisis on Silicon Valley and beyond. He can be reached at bpimentel@protocol.com or via Google Voice at (925) 307-9342.

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