How to Secure Banking Transactions with the " SMS "?
Leetchi, a French pioneer in online money pools since 2009, is enhancing its identity verification process with the OTP SMS : a simple, secure, and accessible method for verifying each mobile number during account creation and money transfers.
15 M
Active users
250 million euros
Collected in 2022
About
Leetchi helps make birthdays, farewell parties, weddings, and charitable causes a success by offering a simple, secure online money collection service that’s open to everyone.
SECTOR OF ACTIVITY
Fintech
COMPANY SIZE
100 employees
CREATION DATE
2009
LOCATION
France
CHANNELS
OTP SMS
INTEGRATION
API
Download the Leetchi Case Study for free
Issues
The replatforming of Leetchi’s services in 2023 required the adoption of enhanced identity verification (KYC) for account creation and money transfers in a regulated industry.
Ensure robust and easy-to-implement authentication
while maintaining competitive rates
Receive technical support for implementing the OTP and the API
Profits & results
Integrated via API into the identity verification workflows, the OTP " SMS " has enabled Leetchi to secure its processes while complying with its technical and regulatory requirements:
• 700,000 OTP SMS s sent in 2024 to secure account creation and fund transfers
• Two-factor authentication that complies with regulated-sector requirements
• More comprehensive data collection and identity verification processes (email + SMS)
We operate in a regulated industry with strict legal requirements. It was crucial for us to choose the most reliable partner. And smsmode© proved to be the most robust solution, while also being easy to implement. Our technical constraints and the small size of our team also required high-quality support. And the teams smsmode© were able to respond to Leetchi's requests promptly and with technical expertise.
Amandine Plas
Marketing Director, Leetchi
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