Frequently asked questions
How is Rapidfolio different from other AI automation companies?
Rapidfolio is an entire automation platform built specifically for fintechs and banks, where accuracy and auditability are of utmost importance. We operate at a 99.9%+ accuracy rate in production, with zero hallucinations. Rapidfolio automates processes agnostic of function - across operations, compliance, fraud, and even manual tasks like data entry.
Rapidfolio is built by fintech founders and operators who have a deep understanding of U.S. regulations firsthand and have felt the pain of scaling manual teams.
How does it work?
1. Import your procedure (document or video) into Rapidfolio. The procedure converts into an automated workflow that can perform any task automatically that your analysts perform manually today.
2. Test your procedure against dozens of test cases - both happy and unhappy paths.
3. Trigger your procedure in production through an API call, a slack message, a JIRA ticket, on a schedule, or in any way your analyst picks up a task today.
4. Analyze the results and view full audit trails.
What all can Rapidfolio automate?
Any task that your analysts perform manually can be automated with Rapidfolio, with accuracy. Whether it's reviewing data from a vendor, updating a JIRA ticket, sending a slack message, updating a customer record. You can automate judgment calls that your analysts make. Read, analyze and summarize documents for e.g. for KYB. Search the web, for e.g. for Watchlist Reviews. Or even read and/or input data into various platforms.
How accurate is Rapidfolio?
Rapidfolio has a 99.9%+ accuracy rate in production - the highest in the industry. Given the same inputs and scenario, Rapidfolio will always produce the same outcome. This is a hard architectural constraint.
Can I include a human-in-the-loop?
Yes, you can include a human review option in your workflow.
What integrations does Rapidfolio support?
Rapidfolio has integrations with 30+ vendors in the operations, compliance and fraud space in the financial industry.
Can I test procedures before going live?
Rapidfolio makes it extremely easy to test procedures for both happy and unhappy paths before going live.
Does Rapidfolio provide audit records?
You can view and export audit records for each procedure run, including any human-in-the-loop decisions.
Does Rapidfolio train on customer data?
No. Data processed through Rapidfolio procedures is not used to train any models. Data is encrypted at rest with AES-256 and in transit with TLS 1.3.
What industries use Rapidfolio?
Rapidfolio was built by founders and operators in financial services specifically for the financial services industry. Fintechs, banks, lenders, payment processors, insurance, and operations teams at companies where a failure has a direct regulatory cost. Teams that need automation that provides accurate outputs, every time. Rapidfolio is also used by teams outside of financial services where human-in-the-loop steps and documented decision trails are required by regulation or internal policy.
Still have questions?
Talk to the team. We can walk you through the platform and answer questions specific to your workflows.