Success Story | Adelantos Chooses Didit to Verify User Identity and Combat Document Fraud and Deepfakes in Guatemala
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What is Adelantos:
Adelantos is a pioneering company in Guatemala that provides salary advances to employed workers in need of immediate funds. Their agile and quick service is completed in less than 15 minutes, after the company completes all necessary verifications. Unlike similar fintech companies, Adelantos promises a fully transparent fee structure, democratizing access to money when it's truly needed.
Current Situation:
Identity verification is a fundamental component of Adelantos' business model. The Guatemalan company must ensure that loan recipients are real, unique individuals with properly vetted documentation to prevent fraud. In just 15 minutes, they need to validate user identity, analyze risk profiles, and make decisions about loan approvals. This robust KYC process must be paired with an excellent user experience.
Our Solution:
Didit's unlimited free KYC plan meets Adelantos' needs by enabling secure, reliable, and fast user identification. The near real-time verification helps the Guatemalan company maintain its commitment to quick and secure loan responses.
How does Didit help Adelantos?
- Document verification: Document fraud has surged in Guatemala. Nearly one in five applications include falsified documents, while the use of fraudulent templates has increased by almost 50% in recent months. To counter these threats, Didit employs customized AI models capable of detecting inconsistencies and fake documentation in the country to ensure the legality of transactions.
- Facial recognition: Deepfake fraud attempts increased by 280% in 2024 in Guatemala, making it one of the countries most affected by this technique. Thanks to Didit's biometric facial recognition and liveness detection tests, the company can verify the real, physical presence of individuals attempting to verify themselves, without hindering the user experience and in just seconds.
This way, Adelantos can remotely verify user identity with complete confidence, while complying with all regulations and maintaining their commitment to approve loans in under 15 minutes.
Why Didit?
Identity verification is extremely important, and using Didit has made a positive impact on our business. Our customers feel more secure with the validation process. Thanks to this technology, which offers a secure and user-friendly experience, we have optimized our verification process, something we weren't doing before.
The Results:
Our unlimited free KYC plan has helped Adelantos optimize and improve their verification processes. Manual verification steps have been reduced by nearly 90% thanks to automation, while verifications now take just seconds, allowing the company to maintain its commitment to providing quick loans for workers in need.
The growing threats of altered documentation or fraud techniques like deepfakes no longer pose a problem for Adelantos during remote user verification. Their customers also feel more secure and engaged after integrating Didit into their operations.
Want to Be Our Next Success Story?
Didit offers free and unlimited identity verification and KYC solutions, along with premium features (such as White-Label KYC or AML Screening, among others) for businesses of all sizes and industries. If you're looking for a solution to reduce operational costs or comply with anti-money laundering regulations, contact us! We want to make you our next success story.
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