Case Study: Leading Fintech saves ~US$4M and stops 3,500+ fraudulent IDs with CAF's Automated ID Document Verification

A Leading Fintech Saves Around US$ 4M with Caf’s Automated ID Document Verification Solution

Leading Fintech Company, a digital platform that lets entrepreneurs open free accounts and manage business finances, was experiencing a rapid rise in registration fraud from stolen, fake, and manipulated identity documents. To stop abusive onboarding without adding friction for legitimate users, the company engaged Caf and adopted Caf’s ID Document Verification solution.

Caf implemented an AI-powered, near–real-time ID Document Verification system with human review for edge cases, streamlining KYC while preserving user experience and scalability. Using Caf’s solution, the fintech analyzed 585,908 documents in 2022, identified 3,577 fraudulent documents (over 3,500), achieved more than 98.7% accuracy, onboarded more genuine users, and prevented roughly US$4M (21M BRL) in losses.