Incode Joins Global FinTech Alliance and Expands into Europe

Identity verification provider Incode has joined the Global FinTech Alliance, a Madrid-based initiative uniting major regional fintech associations from Europe, Latin America, Africa, and Asia. For fintech professionals, this move signals a concerted effort to standardise secure digital identity and combat AI-driven fraud across interregional borders through automated, high-speed authentication technology.

What was announced

The Global FinTech Alliance, a Madrid-based initiative, has officially added identity verification specialist Incode to its ranks. This alliance represents a significant step in interregional cooperation, having been signed by representatives from the European Digital Finance Association (EDFA), the FinTech Alliance Iberoamerica (FIA), the Africa FinTech Network (AFN), and Digital ASEAN & Digital Philippines & IDEA. These bodies represent the primary continental associations for Europe, Latin America, Africa, and Asia, respectively, and aim to foster innovation through the adoption of shared best practices in business and legislation.

Incode’s contribution to the alliance centers on its AI-powered authentication technology, which aims to mitigate fraud by up to 99%. The system is designed to be fully automated and human-error-free, performing over 30 separate validations—including passive liveness detection—to prevent unauthorized access via synthetic identities, videos, or photographs. The verification process is notably rapid, averaging five seconds per person. Incode’s expansion into this alliance follows its growth in the United States and Latin America, with the company now targeting deeper penetration into European markets, specifically Spain and the United Kingdom. The technology is already utilized by major financial institutions including Citi, HSBC, Nu Bank, and Chime, and the company is seeking further partnerships across the banking, hospitality, airline, and government sectors to promote safer digital transactions.

"We are very pleased to join the Global FinTech Alliance, especially at a time when there is significant global interest in cutting-edge financial technology solutions, with a focus on maintaining cybersecurity in business processes, safeguarding customer information, and with our digital identity technology, we can offer security in transactions, prevent fraud, in order to build trust, which is our mission at Incode, especially in an increasingly digitized world."

Ricardo Amper, Founder and CEO of Incode Technologies

The companies involved

Incode Technologies, founded by Ricardo Amper, has established itself as a significant player in the identity verification space, particularly within the US and Latin American markets. The company’s entry into the Global FinTech Alliance marks a strategic pivot toward deeper integration with European and African markets. The alliance itself is a collaborative structure involving several major regional bodies. The Africa Fintech Network (AFN) serves as a central hub for the African continent's digital finance ecosystem, working to harmonize regulations and foster innovation across diverse jurisdictions. Similarly, the European Digital Finance Association (EDFA) and the FinTech Alliance Iberoamerica (FIA) represent their respective regions' interests in the global digital economy. These organizations represent the primary continental bodies for their respective regions, aiming to create a unified front for legislative and technological best practices. By joining this group, Incode aligns its AI-driven authentication tools with the broader goals of these regional associations, which collectively represent a substantial portion of the global digital finance landscape.

What FF News has reported before

FF News has closely followed the activities of the organizations involved in this alliance. Incode has previously provided insights into the evolving threat landscape, specifically noting that Agentic Fraud to Exceed 90% of All Attacks by 2028 as Incode Warns of AI-Driven Surge. Our coverage of the Africa Fintech Network has highlighted its role in institutional development, such as when the African Development Bank and Africa Fintech Network sign $525,000 grant to strengthen development of fintech in Africa. Additionally, we reported on the network's collaborative efforts in the Cedar-IBSi FinTech Lab Partners with Africa Fintech Network to Foster and Enhance Africa’s Fintech Ecosystem story, which detailed initiatives to bolster the continent's fintech infrastructure.

What this means

This move highlights the growing necessity for cross-border identity standards as synthetic fraud becomes more sophisticated. While individual fintechs have long sought to mitigate fraud, the participation of a technology provider like Incode in an alliance of continental associations suggests a shift toward systemic, rather than isolated, security measures. The industry is currently under immense pressure to validate users without introducing friction, and Incode’s five-second verification claim addresses this directly. However, the success of such an alliance depends on whether these regional bodies can actually align their legislative frameworks. For the sector, the open question remains whether technological solutions can outpace the rapid democratization of AI-driven fraud tools.