The State of
KYC in Africa

Overview

Smile Identity has done it again with our latest pan-African KYC report covering nearly 50M KYC checks across the continent. This report aims to help businesses understand the current landscape and develop new strategies to strengthen their KYC and identity verification processes, especially in light of the economic challenges that Africa faced in 2022 and the current focus on profitability rather than growth at all costs. With insights on biometric checks, document verification, virtual NIN and user consent agreements, this report is a must-read for any business looking to strengthen its user acquisition and fraud prevention efforts.

What you will find in this report:

• Overview of Africa's current KYC practices and fraud trends
• Biometric and textual fraud trends across industries and over time
• Insights on the importance of biometric checks in all industries
• Solutions to reducing ID database downtime in document verification