The launch of KYC Match and SIM Swap APIs marks a significant step for France's mobile operators, aiming to combat online fraud and protect customer identities effectively.
With a 37% increase in online transactions since the pandemic, French companies face rising online fraud attempts, highlighting the need for robust identity verification solutions.
The collaborative effort of the four major mobile operators in France represents the first instance globally of utilizing the KYC Match API for more secure online identity verification.
The APIs are already in use by over twenty companies, showcasing their effectiveness in preventing account takeovers and ensuring secure transactions during onboarding processes.
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