Best Conversion Rates for Klarna’s
LATAM expansion:

How Incode Delivers Speed, Accuracy, and Seamless User Experience

Why Conversion Rates Matter in LATAM’s Fintech and BNPL Markets

In a region where financial inclusion is expanding rapidly, digital onboarding and identity verification play a critical role in driving user adoption. For fintech companies, BNPL providers like Klarna, and digital banks, every second matters when it comes to onboarding new users and preventing fraud. A slow or inaccurate verification process can lead to high abandonment rates, lost revenue, and increased fraud exposure.

Incode’s AI-driven identity verification platform is setting new industry benchmarks in conversion speed, fraud prevention, and seamless user experience across LATAM. With best-in-class accuracy and unmatched efficiency, Incode enables fintech leaders to onboard more legitimate users while stopping fraud in its tracks.


Industry-Leading Performance Metrics in LATAM

Incode processes a high volume of identity verification sessions daily, ensuring that fintech platforms and BNPL providers can scale securely without sacrificing user experience

73%

overall conversion rate across LATAM operations

111,000-121,000

sessions processed per day in key markets like Mexico, Argentina, and Brazil

These numbers highlight Incode’s ability to support large-scale, high-growth fintech operations while maintaining precision in fraud detection and identity validation.

Unmatched Speed and Accuracy

Identity verification solutions must balance speed with security. Incode’s AI-driven approach ensures high approval rates for legitimate users while minimizing false positives and negatives.

Liveness Detection:

  • False Acceptance Rate (FAR): 2%
  • False Rejection Rate (FRR): 1.33%

Facial Authentication:

  • False Acceptance Rate: <1%
  • False Rejection Rate: 3.2%

These industry-leading accuracy metrics ensure that Klarna and other fintech providers can confidently approve more real users while blocking fraudsters with precision.

Client Success Stories:
How Incode Powers Fintech Growth in LATAM

Rappibank:

“Incode’s world-class technology and government database connections have been key factors in our efforts to eradicate fraud in Mexico.”

CITI MX:

“After six months of rigorous testing, Incode proved indispensable for our stringent security and compliance benchmarks.”

These real-world implementations show how Incode’s technology is helping some of the biggest financial institutions increase conversion rates, reduce fraud risks, and streamline compliance in complex regulatory environments.

Business Impact:

Faster Onboarding, Higher Approvals, Lower Drop-Off Rates

Up to
40%

higher conversion rates compared to traditional identity verification solutions

ID
validation

in less than 4 seconds, enabling instant approvals and reducing abandonment

5x
faster

onboarding, cutting verification time from days to minutes

For fintech leaders like Klarna looking to expand securely in LATAM, Incode delivers the perfect balance of speed, security, and compliance—allowing businesses to approve more customers while reducing fraud exposure.

Let’s discuss how Incode can
help Klarna build a secure BNPL experience in LATAM.

Book a demo

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Reimagine seamless, intuitive onboarding and authentication with Incode Omni

Why Incode?

  • Preserve Privacy with 100% Automation
  • Process Decisions with Lightning Speed
  • Guarantee Accuracy with continuously advancing AI/ML