Can you imagine what your life would look like without Artificial Intelligence (AI)? We may not be aware of it most of the time, but in a digital era with so much information going into our brains at every second, AIs clear the path for us to succeed.

Think about going through your day without notifications to remind you of important tasks and meetings. No Google Search, Siri or Alexa to quickly answer your questions, and absolutely no personalized recommendations on Netflix, Amazon and Spotify.

Pretty dull, don’t you think? And that’s not even close to all the ways in which AIs are making our lives better, healthier and safer.

What is AI (Artificial Intelligence)?

Artificial intelligence is a technology created to mimic the problem solving skills of humans. Besides, AIs are constantly improving, by learning from the collected information.

A lot has changed since 1955, when Allen Newell and Herbert A. Simon created "Logic Theorist", the first AI ever. Since then, we, as a society, let go of the fear-driven narrative around it; we’ve opened up to the amazing possibilities that come with this technology to improve our personal lives, businesses and more.

The benefits of Artificial Intelligence

A few decades ago, if you wanted to find information on a specific topic, you had to hit the library and put in the hard work for hours, days or maybe even months. The same logic applied to deciding whether you could trust someone – you needed a lot of information and that was a limited, hard resource to find.

However, the AIs changed the game. In today’s world, it has become an essential tool for accessibility, time optimization, discoveries, health and security, with a prediction to contribute $15.7 trillion to the global economy by 2030, according to PwC.

These are some of the reasons why:

  • AIs reduce human error

Accuracy and precision are much appreciated in the corporate space, and this is where artificial intelligence shines. Its decisions are based on a set of algorithms, which reduces the chances of error.

  • AIs work faster

Whilst our minds have limitations, AIs can quickly synthesize, process and analyze massive amounts of data.

  • AIs improve the workforce

Although people might worry about robots taking their jobs, data shows otherwise. According to the World Economic Forum, automation will create 58 million jobs, and AIs can take over repetitive, mind-numbing jobs without ever getting bored.

  • Automation and Data Analysis

Think about the time lost in a financial institution trying to manually verify every new users’ identity. With AI automation, hours can turn into a few minutes.

Building trust between strangers

When Filip Victor, the founder and CEO of MetaMap first arrived in the United States, he quickly found out that having access to simple things, such as financial services, getting accepted to a university, renting an apartment or even getting hired would be anything but easy without local documentation.

After all,  if you have a company, having the means to know your clients is paramount. You need to trust that they are telling the truth about who they are, their background, their intentions in using your services, and their capacity to fulfill an agreement, like paying back a loan, for example.

Accessibility is a right, but it requires trust. And trust relies on information. That’s why we, at MetaMap, have been working since 2017 to provide better opportunities for everyone, everywhere, through Artificial Intelligence.

“Just as Google helped information become more accessible and discoverable, MetaMap helps people — and the true skills, qualities, or merits they possess — be accessible and discoverable to each other.” – Filip Victor, Founder & CEO at MetaMap.

Making the most of AI to digitize trust

With 25+ solutions for identity verification, fraud prevention and financial qualification, we are helping companies like Binance, Mercado Bitcoin, Allianz and OLX Group to unlock borderless growth.

By using our customizable trust workflows powered by artificial intelligence, businesses worldwide are leaving behind the risks and the tedious verification processes to efficiently get to know users, clients and potential employees in just a few minutes.

All it takes for users is a selfie or ID number to login, for example. And only one click for the companies to start complying with local and international regulations, such as KYC and AML worldwide.

We were honored to have been named to Forbes' Next Billion-Dollar Startups list in 2021 under our previous name, Mati. And our efforts to keep enhancing our merit pool didn’t go unnoticed in 2022.

Forbes top 50 AI companies in 2022

Our mission to make trusting strangers online effortless goes beyond just helping businesses verify their users; it’s also about enabling people to have access to the opportunities they need in order to continue progressing in life.

On this note, we’ve already successfully completed over 9 million verifications worldwide, and MetaMap is currently valued at +$700 millions, backed by players like Alameda Research, Tribe Capital, Craft and others.

As we continue on our journey to digitize trust, we are thrilled to have been recognized as one of Forbes top 50 companies shaping the future with AI.

Without a question, Artificial Intelligence is an incredible technology, with a lot of potential yet to be explored to solve our pain points as society. At MetaMap, we believe that by helping both companies and end users to achieve their goals, we can unlock borderless growth together.