# Next Gen Payments: Speed, Savings & Expansion​

> Match Identity for Payment Processing

**Published:** Jan 10, 2024  
**Type:** success-story

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*The Impact*
## Match Identity for Payment Processing

- **25%**: Decrease in ​labor costs​
- **54%​**: Decrease in manual reviews, from 930 to 430
- **Driving Growth​**: Costs savings enabled new line of business focused on out-of-network 3rd party transfers​

*Customer Challenge*
## Reducing manual review of payee information

*Understanding the Threat*
## Delays to payments marred customer experience

- KOHO processes tens of thousands of daily payment transfers between​ individuals via SMS and email, as well as batch payroll deposits​
- Delayed payments deterred new customers​
- Manual reviews and internal matching system was too complex to maintain and returned too many errors​

*The Solution*
## Fast and accurate matching increases customer satisfaction

*Resolving Customer Challenges*
## Accurate fuzzy name matching halved manual review

- Match Identity delivers high accuracy and automates approval​
- Real-time and batch name matching averages 2-3 milliseconds​ and under 200 milliseconds globally

## How will you use Babel Street?

Let’s talk about how your organization can benefit from AI-powered data to mitigate risk and maximize your efficiency and decision-making.

[Contact Us](https://www.babelstreet.com/contact)

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