FAQ

+27 11 866 0000

info@bitventure.co.za

Solutions

Seamless digital identity capture to onboard customers quickly and securely.

Verification

Real-time validation of customer details to ensure accuracy, compliance, and trust.

Payments

Secure and frictionless payment processing across digital and in-store channels.

Business Types

Applications

Access time Attendance

Fraud & Risk Management

Anti-Money Laundering

FAQ's

Quick answers to the questions we’re asked most often.

Frequently Asked Questions

What does Bitventure do?

Bitventure provides digital verification solutions that help businesses identify, verify, and process payments securely across the end-to-end credit lifecycle.

How does digital verification work?

Digital verification uses real-time checks against trusted golden data sources (such as the Department of Home Affairs,like banks, credit bureaus, and identity databases) to confirm customer details instantly.

Which verification methods does Bitventure support?

Methods include Account Verification (AVS), Identity Verification (IVS), Payment Verification and Collections. These can be applied across web, mobile, and API.

How does Bitventure help reduce fraud?

By validating customer information in real- time, Bitventure blocks fraudulent sign-ups, fake payments, and risky transactions before they go through.

Is Bitventure suitable for web, mobile, and API use?

Absolutely. The solutions are designed to work seamlessly across websites, mobile apps, and backend APIs.

What is an Account Verification Service and how does it work?

AVS (Account Verification Service) checks banking details against the issuing bank to confirm account ownership and validity during onboarding.

Is customer data kept secure?

Yes, Bitventure uses encrypted channels, secure storage, and compliance with data protection laws to safeguard customer information.

How fast is the verification process?

Verification happens in real- time typically within seconds.

Which businesses can use Bitventure?

Bitventure supports businesses across a range of industries, including fintech, telecommunications, insurance, retail, e-commerce, micro-lending, and fitness. Our solutions are designed for businesses that require secure customer onboarding, identity verification, and fraud prevention.

Where does IVS come from?

IVS (Identity Verification Service) data is sourced directly from the Department of Home Affairs’ Golden Source and returns the verified identity image.

How long does it take to get the transcript after a meeting?

For a one-hour meeting, the full transcript is typically ready for review in under 2 minutes. The AI summary and action items are ready shortly after.

Can Noda.ai translate any meetings into other languages?

Not yet. Currently, Noda focuses on highly accurate transcription and summarization in English. Support for additional languages is on our product roadmap.

Can I edit the transcript if there's a mistake?

Yes. Our built-in transcript editor allows you to easily correct any errors, which helps our AI learn and improve for next time.

What kind of integration applications do you offer?

Noda connects with the tools you use every day to push insights into your workflow. This includes Slack (get summaries posted to a channel), Notion/ Google Docs (export notes), and Jira/ Asana (turn action items into tasks). Our API (Business plan+) allows for custom integrations.