Raytio

Raytio is a digital trust solution provided by Raytio Ltd. According to the vendor, it is designed to offer verified customer information for digital businesses looking to grow. This software solution aims to mitigate fraud, chargebacks, spam, and other malicious activities. It caters to businesses of all sizes, from small startups to large enterprises. Raytio is widely adopted by e-commerce companies, online marketplaces, financial institutions, property management firms, and accommodation providers to enhance their trust and security measures.

Key Features

Identity Verification: According to the vendor, Raytio integrates with authoritative entities such as government, credit bureaus, and banks to authenticate customer information. It conducts various verification checks, including identity document validation, PEP checks, credit checks, bank authorizations, credit card validations, and address verifications. The system ensures secure storage of all AML documents, providing a comprehensive audit trail.

Automated Screening: Raytio offers automated guest screening for property managers in the accommodation industry. The vendor claims that this dynamic and configurable process minimizes guest friction and reduces time-to-approval. Auto-generated scores necessitate manual review only for exceptional cases. It encompasses identity, address, email, phone, and social profile verification, as well as credit card authorization and consent collection.

Chargeback Protection: According to the vendor, Raytio's fraud detection system aids property managers in preventing damage, parties, and chargebacks. It identifies fake profiles, risky emails, suspicious IPs, and more to minimize legal and compliance costs. The system's objective is to minimize revenue loss and safeguard businesses from scams.

Online Check-In: Raytio provides a seamless online check-in experience for property managers and guests. Guests can complete check-in via desktop, mobile, tablet, or kiosk. According to the vendor, the system verifies, analyzes, and scores the booking based on customized criteria. Approved guests receive check-in instructions, streamlining the check-in process.

Customized Business Rules: Raytio empowers businesses to define their own rules and criteria for verification and scoring. Companies can establish the specific information they require for verification and set scoring criteria accordingly. This flexibility enables businesses to tailor the verification process to their individual needs and requirements.

Integrated Data Sources: Raytio has integrated with various data sources, including government agencies, credit bureaus, and banks. According to the vendor, this integration allows businesses to access credit reports, business and property data, bank documents and transactions, accounting transactions, education transcripts, immigration entitlements, and more. The extensive range of data sources facilitates verification across a wide spectrum of information.

Compliance and Audit Support: Raytio aims to assist businesses in achieving regulatory compliance, particularly in the areas of AML/CFT and KYC. According to the vendor, the system streamlines the compliance process, reducing the time and effort required for checks. It provides secure access to historical AML checks, simplifying audits and ensuring compliance with regulatory requirements.