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On October 18 last, the Ocean House hosted the Anti-Fraud Morning, an event organized by Finovox. Key players in fraud, compliance, banking and even the insurance industry have come together around a central issue: the fight against documentary fraud. The highlight of the morning, the round table “Focus on Finovox news” made it possible to discover the latest product innovations, concrete customer cases and the strategic vision of the company for the years to come. We look back at this roundtable in this article!
This round table brought together three Finovox employees:
All three explained how Finovox combines technological innovation and operational know-how to make document verification easier, faster, and more reliable.
At the opening, Martin Vincendeau presented the latest developments in the Finovox product, illustrated through a precise roadmap:
These developments aim to improve the fluidity of user journeys and to reduce the risk of document fraud, while simplifying integration into existing systems.
To illustrate these advances in concrete terms, Martin Vincendeau then presented two customer cases that highlight the real impact of Finovox in the field.
The first case presented concerned management of requests for real estate products.
In this context, the teams had to process a large volume of receipts of income, identity, address and bank details, sent by users when creating their file.
Until now, these documents were checked manually, an operation that was time-consuming, complex and subject to human error. This approach not only slowed application processing, but also exposed organizations to the risk of document fraud.
The challenge was therefore clear: automate and make the verification of supporting documents reliable to increase speed, accuracy and compliance.
With Finovox, document control has been integrated directly into online processes:
“We were able to automate these critical checks, which made the user experience smoother, reduced the risk of fraud, and saved teams considerable time,” explained Martin Vincendeau.
Another emblematic success: the establishment of an automated verification system for Market Development Funds (MDF). These funds, allocated to partners to support their marketing actions (digital campaigns, exhibitions, flyers, local advertisements), required manual verification in order to ensure compliance with contractual conditions.
This stage generated average delay of 54 days between the submission of evidence and its final validation.
In addition to the slowness of the process, this method increased the risk of errors and limited the ability to monitor campaigns in real time.
The objective was therefore twofold: reduce processing times and Ensuring compliance thanks to the automation and reliability of the Finovox analysis engine.
Finovox has deployed complete automation of the process:
Result? For HP, it was a move to real-time verification, reduced costs and increased productivity!
Do you need more details about Finovox's new features? Read on: Finovox strengthens its documentary verification solution
Inès Botarelli, Customer Success Manager, took over to illustrate the diversity of Finovox's use cases. Three main areas stand out: Onboarding, payout and financing.
Finovox allows a instant documentary check from the phase of entering into a relationship.
In a context where speed of onboarding is a determining factor in customer satisfaction, the solution provides a concrete answer to the challenge of KYX, which includes requirements KYC (Know Your Customer) and AML (Anti-Money Laundering).
Thanks to the automated analysis of supporting documents (identity cards, proof of address, fiscal or bank documents), Finovox makes it possible to validate the authenticity and consistency of information in real time.
Actors like SPVIE or iCover are already relying on this technology to streamline their onboarding processes, while ensuring a high level of regulatory compliance.
The objective is twofold: Accelerate customer acquisition and reduce friction, without ever compromising the compliance or reliability of the verifications carried out.
Finovox also plays a key role in the automatic detection of modified or falsified documents during compensation processes.
Insurance companies, in particular, must examine a large volume of documents (invoices, quotes, medical receipts, certificates, photos of claims) to validate each file. However, this critical stage is particularly exposed to documentary fraud, whether it is a subtle alteration of an amount or a modification of the date.
Integrating Finovox into their management paths allows actors in property and casualty, such as L'Olivier Assurance, or in health, like MeLife to benefit from a instant consistency analysis And of the authenticity of the pieces transmitted.
The solution automatically identifies anomalies, flags suspicious documents, and allows teams to act quickly.
This device reinforces the reliability of compensation decisions, limits financial risks linked to fraud and improves the Responsiveness of disaster services.
Finally, Finovox plays a role during the financing phase. The solution automates the control of financial and identity documents (RIB, balance sheets, CNI, various supporting documents).
Anytime and HP were thus able to reduce their processing times, while eliminating a large part of the risk of document fraud.
“Our role is to help our customers maintain a balance between the fluidity of the journey and maximum safety. Finovox provides the necessary confidence at each stage”, emphasized Inès Botarelli.
To (re) discover our second round table, do not hesitate to take a look at our previous article: The fight against fraud: an international issue at the heart of the debates at the Maison de l'Océan in Paris
To close the round table, Marc de Beaucorps, CEO and co-founder, presented Finovox's strategic roadmap.
“Our goal is clear: by 2026, we aim to analyze 30 million documents per year and to prevent more than 100 million euros in document fraud.”
This ambition is reflected in a differentiation of Finovox on its market:
This approach ensures businesses have smooth adoption and results that can be measured quickly.
A vision that is all the more essential since the Document fraud is constantly increasing at European level. According to Finovox studies in partnership with the independent polling institute Selvitys, 10.8% of French people, 9% of Belgians and 6% of Spaniards Declare have already defrauded via a false document.
A worrying observation, reinforced by the fact that 82% of anti-fraud managers Anticipate a Increase in the phenomenon in the years to come.
To find out more about these numbers, download our anti-fraud studies !
Whether it's onboarding, compensation or financing, Finovox allows you to optimize your career, reduce document fraud and improve your performance.
Discover how our solution can be integrated into your processes by requesting a demo from one of our experts!
