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The State of KYC in Africa Mid-year Report: H1 2022

This report is a must-read for any business looking to strengthen its user acquisition and fraud prevention efforts.
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Smile Identity has run over 30 million KYC checks across the continent of Africa making us the largest KYC provider with the widest coverage in the region. This report provides an overview of Africa's current KYC practices and fraud trends based on our data. The report's main goal is to help businesses understand the current landscape and develop new strategies to strengthen their KYC and identity verification processes.

What you will find in this report:

The current KYC processes in Africa and the adoption of robust digital ID infrastructure

The most common fraud techniques in Africa

The most vulnerable industries in Africa

How to identity and prevent fraud for your business

More insights from this report

The most comprehensive ID coverage on the continent

99.8% accuracy in recognizing African faces of all skin tones

84% User Approval Rate in both text and biometric-based verification

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A sneak peek of the report

Fraud attempts increased by 30% in the first half of 2022

BNPL and investment & savings experience more than 30% biometric fraud

48% of biometric fraud were cases of identity theft

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