Case Study: Instnt reduces fraud and streamlines onboarding with Prove

Instnt eliminates over 99% of fraud with Prove

Instnt, a customer onboarding platform with a zero fraud loss guarantee, needed a best-in-class solution to minimize fraud risk exposure and control the cost of insuring their customers against losses. They turned to Prove to integrate its identity verification tools into their platform to achieve greater accuracy and coverage for their decisioning models.

By embedding Prove's Trust Score and Identity Verify solutions, Instnt was able to verify phone number possession and reputation, which helped eliminate over 99% of the fraud entering their system. Prove provided Instnt with 98% user base coverage, an 84% pass rate for verified identities, and a 20% true positive rate for rejecting known fraudsters. This partnership allowed Instnt to confidently offer its unique fraud loss indemnification.

Instnt