Facephi’s AI Cuts iGaming Fraud by 80% in Peru’s GanaExpress — Facephi Biometria, S.A.

Event summary

Facephi’s AI and multi-biometric fraud prevention system reduced commission fraud by 80% on The OxiaCore Project’s iGaming platform in under a year.
The system, integrated into GanaExpress.bet, also supports expansion into Ecuador and Colombia.
The OxiaCore Project now has over 10,000 verified agents and projects over one million authentications by year-end.
Peruvian regulations introduced in late 2024 required unique user identification, which Facephi’s technology helped meet.

The big picture

Facephi’s success in reducing fraud for The OxiaCore Project highlights the growing importance of AI-driven identity verification in the iGaming sector. As Latin American markets continue to regulate and expand, the ability to quickly and securely verify users will be a key competitive advantage. This case also underscores the strategic value of compliance-by-design technology in navigating complex regulatory environments.

What we're watching

Regulatory Compliance: How Facephi’s ability to adapt to different regulatory frameworks will affect its expansion in Latin America and Africa.
Market Expansion: The pace at which The OxiaCore Project can scale its operations in newly regulated markets like Ecuador and Colombia.
Fraud Prevention: Whether Facephi can sustain its 80% fraud reduction rate as the platform grows and attracts more users.