Case Study: Juancho Te Presta achieves faster onboarding and stronger fraud prevention with Veriff

Providing faster customer onboarding and expert fraud prevention to increase financial inclusion in Colombia

Juancho Te Presta, a fast-growing Colombian fintech, needed to solidify its identity verification and fraud prevention processes. Their existing provider could not meet their needs for an all-in-one solution that offered biometric identification, face matching, and fraud alerts to ensure data security and compliance. They partnered with identity verification vendor Veriff for its AI-powered solution.

By implementing Veriff's products, including biometric authentication and video recording, Juancho Te Presta dramatically improved its process. The number of users stuck during verification dropped by almost 50% in the first week. Furthermore, Veriff helped the company reduce its total fraud rate to below 1%, a significant achievement. The implementation was also very swift, being fully completed within just one month of onboarding.

Juancho Te Presta

Juan Esteban Saldarriaga

Founder and CEO