MO Tecnologías Enables Financial Inclusion Through Automated Onboarding Processes Powered By IdentityMind Digital Identities Platform

MO Tecnologías Enables Financial Inclusion Through Automated Onboarding Processes Powered By IdentityMind Digital Identities Platform

Platform Enables Identity Proofing and Automated Online Onboarding for Mexican Nationals Accessing Micro Loans

Palo Alto, CA, March 14, 2019 – IdentityMind, Digital Identities You Can Trust, announced today that MO Tecnologías, the successful microloans FinTech in Latin America, has selected their Digital Identity Platform to automate secure onboarding of consumers in Mexico.

Onboarding users in Mexico for financial applications requires a combination of services that can guarantee that the individuals are who they say they are, and meet the requirements imposed by loan funding organizations. The IdentityMind platform provides these services with integrated rulesets and analytics to reduce the risk for account origination fraud and account takeover (ATO); and that directly address the major identity-based attack vectors in loan origination: 1) identity theft, 2) first-party fraud, and 3) synthetic identities.

Identity theft in Mexico increased sharply in 2016. “Mexico’s financial services customer protection agency, Condusef, recorded a 33.6% jump in claims of identity theft and fraud last year [2016]”[1]. There is a direct correlation between identity theft and loan fraud. AITE Group’s “Unsecure Lending: New Opportunities for Credit Issuers… and Fraudsters”[2] names identity theft as the number one attack vector.

“Financial inclusion is really necessary to boost a country’s economy,” said Paolo Fidanza, CEO of MO Tecnologías. “At MO, we offer microloans in different countries in Latin America. We are aware of the challenges of identity proofing in Latin America, and that is why we have decided to partner with IdentityMind. The IdentityMind digital identities platform provides us with an all-in-one solution to deliver automated onboarding, identity proofing, and the needed monitoring to detect and prevent identity-based fraud.”

Electronic DNA (eDNA) is an important part of Identity Proofing within the IdentityMind platform. A patented technology and one of IdentityMind’s industry-leading digital identity patents portfolio, eDNA, is the engine that builds and maintains digital identities. Each identity is verified through our 30+ data partners and risk-scored through link analysis and machine learning algorithms to provide a result that businesses can act on (good, bad or suspicious) in real time.

“We are excited to continue supporting financial inclusion in Latin America, and more specifically in Mexico, where we have established ourselves with an important presence,” said Jose Caldera, IdentityMind’s Chief Product and Marketing Officer. “The identity-related fraud resulting from identity data breaches is pervasive worldwide. It is important to properly perform identity proofing to detect attacks by synthetic identities, stolen identities, and bots. IdentityMind provides this and ongoing monitoring to detect and prevent other attack vectors, including loan stacking that continues to harm online lenders.”

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About IdentityMind

IdentityMind, creator of Trusted Digital Identities (TDIs), offers a SaaS platform for online risk management and compliance automation. We help companies reduce client onboarding fraud and transaction fraud, and improve AML, sanctions screening, and KYC. IdentityMind continuously builds, validates and risk scores digital identities through eDNA technology to ensure global business safety and compliance from customer onboarding and throughout the customer lifecycle. We securely track the entities involved in each transaction (e.g. consumers, merchants, cardholders, payment wallets, alternative payment methods) to build payment reputations, and allow companies to identify and reduce potential fraud, evaluate merchant account applications, onboard accounts, enable identity verification services, and identify potential money laundering. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Instagram, Blog, and Google My Business.

About MO Tecnologías

MO Tecnologías LLC is a leading Fintech who has developed an innovative patent-pending proprietary credit scoring technology and loan management platform which uses AI & machine learning. Without the need to know the identity of the user, MO processes numerous data points and calculates a credit score within seconds, pre-approving the user. The MO loan issuing & management platform can serve and admin credit to persons or small businesses via multiple channels, including Smart Mobile App, Web Portal, POS Terminal, M-Pos, USSD, SMS, Transport Cards, and Pre-Paid & Debit Cards. MO has operations in USA, Colombia, Peru, Panama, Ecuador, and Mexico. For more information, visit



[2] Unsecure Lending: New Opportunities for Credit Issuers… and Fraudsters




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