Fortiro is a real-time document fraud and automation company focusing on reducing customer risk and friction.
The company’s “Protect” product builds trust and automates processing of important documents that are often relied on for proof of identity, proof of income and payments. Protect uses a combination of document forensics, data extraction and machine learning to apply a deep, unique and tailored assessment to each document it scans.
Fortiro combines document automation with industry leading authentication techniques to ensure its customers are protected. Automating document reviews can invite criminals, liars and scammers that use seemingly authentic looking documents to try to slip through the process. Fortiro’s mission is to stop these fraudsters in their tracks, and businesses time & money in the process.
Fortiro’s customers include banks, non-bank lenders and government agencies.
The Protect platform was originally created in 2019 within PwC Australia, and was known as “PwC Protect”. Protect was inspired by experience solving client problems around document fraud and automation. A combination of passionate individuals in technology, fraud, forensics and artificial intelligence created Protect within PwC.
Over time the platform evolved and grew into the Enterprise-ready solution that it is today, acquiring clients of all sizes across Financial Services and Government. In late 2021, it was recognised that for Protect to continue to scale, it needed to be outside of PwC, and Protect was spun-out from PwC into its own separate entity, Fortiro.
Armed with new capital and their experienced team, Fortiro aim to become the world’s industry utility for document authentication and automation.