Veratad Technologies has introduced a suite of identity verification tools under the VeratadAI brand. The initial offerings, VeratadAI+Extract and VeratadAI+Protect, aim to improve the accuracy of document verification and bolster defenses against fraudulent activity. Both services are integrated with Veratad’s VX orchestration platform. VeratadAI+Extract replaces traditional Optical Character Recognition (OCR) with Large Language Models (LLMs) to analyze and extract information from identification documents. By interpreting context, language, and visuals in a manner similar to human cognition, the tool works on delivering precise data extraction. section class="new-item-morelink">Source: thepaypers.com