Case Study: Authologic achieves faster, lower-fraud onboarding with Belvo

Authologic cuts onboarding drop-off by 25% with Belvo

Authologic, a company providing identity verification services in Latin America, needed to streamline its customer onboarding and reduce fraud. To address this challenge, they turned to the vendor Belvo to leverage its open finance product for instant account verification.

Belvo implemented a solution that uses open finance to instantly authenticate customer identities and verify bank account ownership. This automated process cross-references data directly from users' bank accounts, eliminating manual validation. The results for Authologic included a 25% reduction in drop-off during onboarding and enhanced security by quickly identifying anomalies and reducing the risk of identity fraud.

Authologic