Bitso selected Incode as its strategic identity infrastructure business partner across all its products and markets in the region.
Bitso se asocia con Incode para asegurar las finanzas digitales en toda LATAM ↗
What happened
- The partnership will verify user identities in Mexico, Argentina, Colombia and Brazil.
- Incode states it processes more than 7 billion identity validations annually.
- Incode states automated attacks were 3% of detected fraud attempts in 2024 and reached 40% in the most recent quarter.
Why it matters to Signicat
- Incode is entering a Signicat-adjacent LATAM fintech segment; Signicat's core markets are Nordics, Benelux, DACH, Iberia and UK, so direct overlap is limited to the fintech identity-infrastructure category.
- The 90% attack-share projection is a vendor estimate with no stated method and should be attributed to Incode.
Evidence from the source (5 quotes)
- “Esta asociación verificará la identidad de los usuarios en México, Argentina, Colombia y Brasil” source ↗
- “Actualmente, Incode procesa más de 7 mil millones de validaciones de identidad anualmente” source ↗
- “ataques automatizados representó el 3% de los intentos de fraude detectados en 2024, pero alcanzó el 40% en el trimestre más reciente” source ↗
- “Bitso, la empresa líder en servicios financieros digitales en América Latina” source ↗
- “la compañía estima que este tipo de estrategias podrían representar hasta el 90% de los ataques dentro de los próximos 18 meses” source ↗
Document IDV biometricsFraud deepfake injectionPartnershipGlobal
4 of 4 facts verified against the source · confidence medium · claude-haiku-5-5