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Industry Classification and Risk Flagging for Payment Processing
Discover an unparalleled level of risk management with our AI-based NAICS Classification API for Payment Processing. Elevate your risk detection engine and integrate Relativity6 to detect NAICS codes in real-time at scale.
Benefits
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Speed
The AI-powered API rapidly sifts through vast amounts of web data, making business classification decisions in less than 2 seconds.
Precision
Advanced algorithms accurately categorize businesses, and find risky flags, leading to highly precise risk decisions.
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Risk Reduction
Find risky cannabis, crypto businesses and other types of businesses that are outside the risk policy of your organization.
Continuous Improvement
Leveraging machine learning, the API refines its categorization models over time for increasingly accurate classifications and flags.
Efficiency
The API streamlines the risk process, saving payment processors time and resources.
Profitability
By enabling better-informed payment processor decisions, the API can increase the profitability.
Relativity6's API is a cutting-edge technology solution designed to revolutionize risk management. By leveraging advanced algorithms and predictive analytics, this API can accurately identify, assess, and prioritize potential risks, transforming them into actionable insights.
This solution is particularly beneficial for risk management groups, who are tasked with determining the risk associated with providing payment processing services. Traditionally, this process involves labor-intensive analysis and a degree of uncertainty. Our risk flagging API eliminates these issues by automating much of the assessment process and providing more precise and data-driven risk analysis.
