Finovox, a leading French player in documentary verification, officially announces its launch in Spain. After France, Luxembourg and Belgium, the company is now expanding its presence on the Spanish market. Its objective remains unchanged: to support local businesses in the fight against document fraud. Why is document fraud a major risk for Spanish businesses? How does Finovox help local actors optimize their documentary paths while reducing fraud? Read the rest of this article to find out.
Spanish market: an economic context marked by the rise in documentary fraud
According to a study conducted by Finovox in partnership with the independent polling firm Selvitys, document fraud in Spain now represents a major risk for businesses. The numbers speak for themselves:
- 95% of businesses Interviewees consider the fraud as a serious threat.
- More than 44% of respondents believe that fraud affects at least 5% of their turnover.
For individuals, the trend is similar.
The same study reveals that 57% of Spaniards believe that it is now easy to defraud, while 42% think that fraudulent behavior is more common than 15 years ago.
Finovox: technology at the service of digital trust
Faced with this rise in the risks of document fraud, Finovox is deploying its documentary verification solution in Spain.
Based on a proprietary artificial intelligence technology, this innovation makes it possible to detect any attempt to falsify a digital document in a few seconds. Whether it is a proof of address, an invoice or a contract, Finovox allows you to analyze any type of document.
When we know that 43% of anti-fraud managers say that the most falsified digital documents are invoices (Finovox x Selvitys study), it is becoming essential for companies to make these key documents reliable in order to reduce financial losses.
The Finovox solution is based on a global approach:
- One semantic and visual analysis Documents
- One automatic detection anomalies
- One centralized management From the documentary cycle
- One smooth integration, thanks to its API, in existing business processes
A new location and solid local references
Finovox is not starting from scratch on the Spanish market.
Already adopted by IMA Ibérica and HP, the solution is now referenced at CGI Spain, which confirms its legitimacy with major local economic players.
To support this dynamic, Finovox will open his office in Madrid in January 2026, in order to strengthen its proximity to its Spanish customers and partners. This new anchor point symbolizes the group's desire to become a structuring player in the documentary verification market in Spain.
“Document fraud costs Spanish businesses billions every year. We see a real desire to act, but still too few tools to do so effectively. Finovox wants to become the partner in this transition, by providing technology capable of detecting, preventing and sustainably reducing fraud. Our ambition is tosupporting Spanish players towards a model of digital truste. declares Marc de Beaucorps, co-founder and CEO of Finovox.
This expansion strategy is part of a wider European trajectory: consolidating Finovox's presence in the main markets where document fraud represents an economic challenge.
A commitment to a safer European economy
By setting up in Spain, Finovox reinforces its mission: protect European economic flows.
Good to know
On average, fraudsters claim to have saved 457 euros per fraudulent act. This average shows that document fraud is both an economic issue and one that requires a technological, ethical and regulatory response.
The company aims to help public institutions, the banks, the insurers And the e-commerce players to have more reliable, faster and more transparent documentary processes. Its approach is based on three main pillars:
1- LTechnological innovation continuous, thanks to active R&D and the use of proprietary algorithms.
2- One collaboration with local actors in order to adapt its solutions to the specificities of the Spanish market.
3- An ethical commitment that ensures that the fight against fraud takes place in the respect for personal data And of the European compliance (RGPD).
Do you want to find out how Finovox can protect your document flows? Request a demo today and see our document verification software in action!
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