Case Study: Luno enhances global compliance and fraud prevention with GeoComply

Luno blocks 700,000+ spoofing attempts with GeoComply

Luno, a leading cryptocurrency platform, faced significant challenges with unreliable IP geolocation and sophisticated fraud attempts as it expanded globally. These issues, including a surge in VPN usage in Nigeria, threatened user access and compliance with diverse regional regulations. To overcome these obstacles, Luno sought advanced solutions from GeoComply.

By implementing GeoComply's advanced geolocation intelligence and fraud detection capabilities, Luno was able to accurately distinguish legitimate users from fraudsters. This partnership enabled over 31,000 legitimate users in Nigeria during a VPN surge and managed over 700,000 global location spoofing instances annually. GeoComply's solution ensured compliance in all jurisdictions, neutralized fraudulent actors, and significantly enhanced Luno's operational efficiency and user trust.

Luno