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In this article, El Clarín de Chile reports that integrating Incode and MetaMap platforms will create a broader and more efficient trust network. It highlights MetaMap’s innovative technology, which enhances risk-based business decision-making.
Read the transcript of this article, published by El Clarín de Chile on June 21, 2024.
Incode Technologies Strengthens Identity Verification with the Acquisition of MetaMap
By Loreto Soler
In response to the alarming increase in digital fraud in Chile and Latin America, Incode Technologies, a leader in identity authentication products and services, has announced the acquisition of MetaMap, a prominent company based in Silicon Valley, California.
The strategic union promises to combat digital fraud and improve security in digital transactions.
According to data from the Investigative Police, digital fraud in Chile has reached alarming figures, with more than 58% of the total complaints coming from the Metropolitan Region, Valparaíso, and Biobío in the first five months of the year. In Latin America, the increase in fraud has been equally significant, with Brazil leading with 1,515 attacks per minute.
The union between Incode and MetaMap represents a crucial milestone in the fight against digital fraud in the region. Integrating both platforms will offer more scalable, fast, and efficient identity verification solutions, leveraging advanced Artificial Intelligence technologies.
The union between Incode and MetaMap represents a crucial milestone in the fight against digital fraud in the region.
Incode’s AI-based identity verification platform, known for its low error rate, will merge with MetaMap’s innovative technology that improves risk-based business decision-making.
This combination will offer a wider and smarter trust network, as well as greater scale and efficiency, reaffirming the joint commitment to innovation in digital security.
Ricardo Amper, founder and CEO of Incode Technologies, emphasized, “Integrating MetaMap’s innovative approach will strengthen our position as leaders in the global market. This union will allow us to offer even more effective and reliable solutions in digital identity verification.”
Meghna Mann, COO of MetaMap and now CEO after the acquisition, commented, “Joining these two companies gives us the opportunity to offer our clients a more complete suite of identity tools. Combating financial exclusion and protecting digital identity are crucial challenges today.”
The acquisition of MetaMap by Incode Technologies represents an important step in strengthening digital identity security in Chile, Latin America, and beyond. Both companies are committed to providing innovative solutions that help address the growing problem of digital fraud and ensure trust in digital transactions.