Kazakhstani AI-powered algorithm receives the highest rank by the international standards institute

Verigram, a leading provider of artificial intelligence-based technologies, announces that its algorithm has received the highest NIST rank in the "1:N Identification" category. This algorithm can instantly find face matches in databases with millions of records.

The NIST Face Recognition Vendor Test is the most authoritative recognition algorithm benchmark. To determine quality, a series of tests are conducted to measure the accuracy of the algorithm's performance. In particular, Verigram's solution was tested on a database of 12 million faces.

This algorithm is used in applications including access control, security of varying levels, improving customer service and others. Today in Kazakhstani companies it works as a reliable defense against fraud. The algorithm allows for finding duplicates or compromised faces in large databases, including government databases. A solution incorporating this algorithm also works in retail to improve the performance of loyalty programs for hundreds of thousands of customers.

"Verigram's highly accurate facial recognition algorithm makes it a valuable tool for many applications," - says Uakhat Bastimiyev, Verigram's Co-Founder and CEO. - The NIST assessment speaks to the expertise and professionalism of our team. Our solutions have consistently maintained the world's Top positions since 2021. We are excited to continue to innovate in this area and provide more accurate and reliable solutions for our customers".

NIST is an American research institute, operating under the US Department of Commerce, which is responsible for developing and maintaining standards for a wide range of technology fields. Its mission is to investigate algorithms on the global market and help developers achieve better results.

Verigram is a technology company established in 2017 that provides artificial intelligence-based solutions in the areas of security, analytics, and customer experience. It is an official vendor of the National Bank of Kazakhstan. The company's solutions are currently provided in the markets of Southeast Asia and Central Asia.

MyVentures is an investment company that endorses Verigram's developments. It is an international venture fund investing at an early stage into technological startups that form "the industry of tomorrow".

Verigram LLP
9B, Satpayev st.
050000, Almaty
Kazakhstan

More about Verigram: verigram.ai

This release was published on openPR.