Success Story | How Credi-Demo Reduces Customer Due Diligence Time by 20% While Boosting Accuracy to 95%

About Credi-Demo:

Credi-Demo is a Honduran financial institution founded in 2017 that specializes in providing accessible financing solutions. The company focuses on delivering credit options across various sectors, with a particular emphasis on motorcycle financing through strategic partnerships with industry giants like HONDA. With a strong commitment to customer experience, Credi-Demo has established itself as an innovative financial alternative in the Honduran market.

The Challenge

As a financial institution, Credi-Demo must ensure all clients undergo a rigorous identity verification process. The goal is to implement proper customer due diligence and prevent fraud or identity theft when extending credit or managing customer debts. This makes it essential to have robust KYC (Know Your Customer) procedures that don't compromise the user experience with lengthy or overly complex processes. Relying on manual methods or external sources proved inefficient and cumbersome.

Our Solution

To address this challenge, Credi-Demo found in Didit and its White-Label KYC Solution the perfect way to verify user identity during onboarding without negatively impacting their bottom line. How do we make it happen?

• Document Verification: Credi-Demo needs to comply with identity verification regulations while ensuring the legitimacy of the entire process. Thanks to Didit, they can validate various Honduran identification documents (passport, national ID, driver's license, or residence permit), as well as government documents from 220 other countries and territories. This effectively prevents fraud through our customized AI systems, which also enable precise information extraction.
• Facial Recognition: We provide Credi-Demo with our facial recognition solution featuring liveness detection through both active and passive methods. This allows the company to verify the actual presence of the person attempting verification, eliminating issues with deepfakes, masks, or pre-recorded videos, while enabling the entire process to be completed remotely.
• White-Label KYC Solution: Through our White-Label KYC Solution, Credi-Demo offers its customers an immersive onboarding experience, customizing the flow with their domain, colors, logos, and other brand elements.

With our technology, Credi-Demo takes customer due diligence to the next level while complying with national and international Know Your Customer (KYC) regulations, reducing the identity verification process to less than 30 seconds.

Why Didit?

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Innovation isn't just an option-it's a strategic decision for Credi-Demo. Together with Didit, we've achieved greater control, traceability, and efficiency, delivering an exceptional digital experience that exceeds our end customers' expectations for security. This partnership has taken our risk management capabilities to an entirely new level.

"

Edwin Flores

CEO

The Results

Didit has helped Credi-Demo reduce costs associated with customer identity verification while improving their due diligence processes by minimizing manual procedures. In measurable terms, credit analysis times have decreased by 15-20%, while the approval rate has climbed to 95%, significantly reducing error margins.

New customers have also experienced drastically reduced onboarding wait times, going from hours to mere seconds, with a fully immersive user experience powered by our White-Label KYC solution.

Ready to Become Our Next Success Story?

Didit offers free and unlimited identity verification and KYC solutions, along with premium features (such as White-Label KYC and AML Screening, among others) for businesses of all industries and sizes. If you're looking to reduce operational costs or comply with anti-money laundering regulations, contact us today! We want to make you our next success story.