Case Study: Credi-Demo achieves 20% faster due diligence and 95% accuracy with Didit

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

Credi-Demo, a Honduran financial institution, needed to implement a rigorous identity verification process for its customers. Its challenge was to ensure proper due diligence and prevent fraud without sacrificing user experience through lengthy, inefficient manual methods. The company turned to vendor Didit for its White-Label KYC Solution to address this.

By implementing Didit's solution, featuring document verification and facial recognition with liveness detection, Credi-Demo automated its onboarding. This allowed the entire verification process to be completed remotely in under 30 seconds. As a result, Didit helped Credi-Demo reduce credit analysis times by 20%, boost its approval rate accuracy to 95%, and drastically cut customer onboarding from hours to seconds.

Credi-Demo

Edwin Flores

Chief Executive Officer