Case Study – eCommerce lender boosts conversion rates while cutting fraud with digital identity verification.

[Editor’s note: This is a case study from Mitek. Mitek is a bronze sponsor at LendIt Fintech Europe 2018, which will take place on November 19-20, 2018 in London.]

In 2017, Spain saw more than 69% of online shopping carts abandoned. In fact, Spanish shopping cart abandonment represented a missed total of approximately 46 billion euros.

To capture these lost opportunities and control credit risk, Aplazame, an instant financing service for online purchases, needed to correctly verify the identity of customers who applied for credit – quickly and securely.

By leveraging digital ID verification, Aplazame was able to boost their conversion rates by 20% while cutting identity fraud by 88%.

Download the full case study to learn more.

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