AI based Name Matcher - Matching 2 Indian Names to match the similarity
Date
March 2022
Service
Employer
Paytm Money
Project Overview
Fin-tech industries use a method called penny-drop to verify bank account numbers mentioned by users by crediting Re 1 to the account number and obtaining the name associated with the account number. This helps to find if the account number that the user mentioned belongs to him.
Key Highlights
The account holder name obtained by crediting Re 1 is matched with the name mentioned in the PAN of the user to confirm if the bank account belongs to the user.
AI-based Name Matcher uses the Random Forest model to calculate the similarity based on both phonetic and distance specially trained on Indian names.
Used Python to preprocess the data and train the ML model.
The acceptance went from 70% to 80% compared to the algorithmic name-matcher used prior.
