Facephi Reduces iGaming Commission Fraud by 80% on OxiaCore Platform – Facephi Technology has reduced commission fraud by 80% on The OxiaCore Project’s iGaming platform within one year, according to GlobeNewswire. The Peruvian software provider, operating the GanaExpress sportsbook, achieved this reduction using Facephi’s fraud prevention system.
What Happened
Facephi Technology, a company specializing in digital identity verification, has achieved an 80% reduction in commission fraud on The OxiaCore Project’s iGaming platform. This reduction occurred in under one year of implementing Facephi’s fraud prevention technology, as reported by GlobeNewswire on June 18, 2026. The OxiaCore Project operates the GanaExpress sportsbook brand.
The collaboration specifically targeted fraud associated with commissions on the iGaming platform. OxiaCore, a Peruvian software provider, integrated Facephi’s system to strengthen its fraud prevention capabilities, according to GlobeNewswire. The implementation has enabled the platform to project over one million authentications by the end of the current year, supporting its expansion initiatives.
Key Details
- Commission fraud on The OxiaCore Project’s iGaming platform was reduced by 80% in less than one year, according to GlobeNewswire.
- Facephi Technology provided the fraud prevention system, as stated by GlobeNewswire.
- The OxiaCore Project is a Peruvian software provider, and its sportsbook brand is GanaExpress, according to GlobeNewswire.
- The iGaming platform anticipates exceeding one million authentications by year-end, reportedly supporting its expansion efforts (GlobeNewswire).
Why It Matters
The reported 80% reduction in commission fraud demonstrates the tangible impact of advanced digital identity verification technologies within the regulated iGaming sector. For B2B operators and regulators, decreased fraud directly influences operational integrity and profitability. Such reductions can enhance trust in online betting platforms and potentially streamline compliance processes by mitigating illicit activities, as indicated by the GlobeNewswire report.
Furthermore, the projection of over one million authentications by year-end on the platform highlights the increasing volume of user interactions requiring secure verification. This trend underscores a growing reliance on robust technological solutions to manage security challenges inherent in expanding digital markets, according to information from GlobeNewswire.
What’s Next
The reported success in fraud reduction supports The OxiaCore Project’s ongoing expansion, according to GlobeNewswire. The platform anticipates over one million authentications by year-end, indicating a continued scaling of operations with the implemented fraud prevention system.
Originally reported by: GlobeNewswire. Published: 6/18/2026, 7:49:00 AM.