Chilean Telecom Achieves 96% Conversion Rate with Regula’s Identity Verification
Event summary
- Agile Ingeniería y Consultoría integrated Regula’s Document Reader SDK to meet Chile’s updated telecom regulations, achieving a 96% conversion rate.
- The solution processes over 300,000 identity checks monthly with border-checkpoint-level accuracy.
- Regula’s technology reduces fraud and ensures compliance with Chilean telecom Resolution No. 566/2024.
The big picture
Chile’s updated telecom regulations have spurred demand for high-compliance identity verification solutions, positioning Regula as a key player in the region. The partnership with Agile highlights the growing need for secure, frictionless onboarding in telecom, particularly amid rising fraud risks. With over 300,000 monthly checks, this deployment underscores the scalability of Regula’s technology in high-volume environments.
What we're watching
- Regulatory Compliance
- Whether Regula can replicate this success in other Latin American markets with similar regulatory shifts.
- Fraud Prevention
- The pace at which telecom fraud rates decline following widespread adoption of Regula’s solution.
- Market Expansion
- How Agile’s integration with Solem Group will affect its ability to scale identity verification services across Latin America.
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