Facephi Reduces Fraud by 80% at Oxiacore and Aims for One Million Authentications
Facephi has highlighted the results of its first year of collaboration with The OxiaCore Project, a Peruvian iGaming software provider. The partnership has led to an 80% reduction in commission fraud in less than a year, while the platform is expected to exceed one million authentication transactions by the end of 2026.
A Fraud Prevention System that Reduces Welcome Bonus Abuse
The OxiaCore Project has integrated Facephi's AI-based biometric technology into its fraud prevention framework, enabling player and agent verification while ensuring compliance with gaming regulations in Peru. In less than a year, the company has reduced commission payment fraud by 80%, particularly in relation to welcome bonus abuse. The platform has also expanded to over 10,000 verified agents and has been deployed across several operators.
Planned Expansion in Ecuador and Colombia with Over One Million Transactions
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The OxiaCore Project plans to process over one million authentications by the end of 2026, as it expands into Ecuador and Colombia. Daniel García, Technical Director of The OxiaCore Project, stated that the fraud prevention system powered by Facephi has become a key differentiator for its platform, enabling confident scaling by eliminating the impact of multi-account fraud.
Facephi Strengthens Its Sector Diversification Beyond Regulated Gaming
The collaboration illustrates how Facephi's technology generates measurable business value while strengthening its position in the regulated gaming industry. The group, which operates in over 30 countries, continues to expand its digital identity platform in regulated sectors, where compliance, fraud prevention, and user trust are critical.
Management commentary: The Company reiterates its guidance for 2026: Revenue €46.2m (+28.4%), EBITDA €11.0M (+5.0%) and FCF of +€4.3M.
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