Currencies Direct strengthens customer onboarding
APIS
NETWORK APIS
CAMARA API
SPECIALISED PROGRAMMATIC
STREAMLINING
FIDELITY / COMPLIANCE
CONVERSION RATE
OPERATIONAL COSTS
FRAUD / ID
RESPONSE TIME
Summary
International money transfer provider Currencies Direct used Sekura.id's CAMARA-based Know Your Customer Match API to enhance customer onboarding, reducing fraud and onboarding costs while increasing acceptance rates by 5%.
Challenges
Manual reviews and document uploads slow onboarding, affecting conversion rates and exposing providers to identity fraud risks.
Solution
Currencies Direct implements identity verification with Sekura.id using CAMARA-based Know Your Customer Match API via mobile data.
Outcome
Increased automatic customer acceptance by 5%, reduced onboarding costs, streamlined processes, enhanced compliance, and significantly reduced fraud.
Sources
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