Fortiro launches Redaction Software-as-a-Service

Fortiro, a leading provider of document verification and fraud detection software in financial services, has announced the launch of its newest product, an innovative redaction software-as-a-service.

The solution comes at a time where banks, brokers, lenders and insurers are in a competitive market where fast turnaround times, workforce availability and data leakage risks are top of mind. Fortiro’s redaction solution streamlines document redaction processes, making it easier and more secure for businesses and customers transacting with documents.

Using Fortiro’s new redaction capability, businesses can have sensitive customer data automatically redacted, without needing a user to manually identify or confirm fields for redaction. The software uses advanced algorithms to automatically recognise documents, identify sensitive information and apply a permanent redaction for tax file numbers (TFN), card numbers (PCI data) and other sensitive information.

The entire redaction process takes about 30 seconds, and other Protect document verification actions can be performed, such as automated fraud detection, if a business requires.

“Data breaches are becoming increasingly common, and organisations need reliable solutions to protect their business and customers from data leakage risks,” said Sean Quagliani, CEO of Fortiro.

“Our goal is to remove the friction for businesses dealing with documents. Our new redaction software-as-a-service is a game-changer, providing an easy and efficient way to redact sensitive information from documents and images, completely unassisted by humans. We believe this product will help organisations free up staff, reduce the impact of data breaches and ensure compliance with privacy regulations.”

Protect Redaction is available now. The software is priced affordably, with flexible subscription plans to suit the needs of businesses of all sizes.

To learn more about Fortiro and Protect Redaction SaaS, visit fortiro.com/redaction