Global investment platform sees 92.5% frictionless onboarding to accelerate account approvals and prevent fraud

SAN JOSE, Calif., April 1, 2026 /PRNewswire/ -- Today, Incognia, the leader in cross-device risk intelligence, is helping Webull Brazil scale its digital investment platform securely as the company expands in Latin America. By integrating Incognia's device and location intelligence into its onboarding and fraud prevention workflows, Webull Brazil's automatic account approvals increased from 75.7% to 92.5%, dramatically reducing manual review requirements, while uncovering networks involved in promotional abuse and remote access attacks.

"Incognia's device intelligence was a game-changer in transforming our growth into profitability," said the Webull Brazil team. "It protects the platform against complex abuses without sacrificing the agility of our onboarding process."

Like many fast-growing fintech platforms, Webull Brazil needed to balance rapid user acquisition with strong fraud prevention. Promotional campaigns designed to accelerate growth began attracting fraudulent activity, including bonus abuse, account sharing, and attempts to manipulate onboarding processes. Traditional verification methods introduced friction and manual review bottlenecks, slowing legitimate account approvals.

To address these challenges, Webull Brazil integrated Incognia's device and location intelligence to automate identity and address verification while detecting coordinated fraud at scale. Incognia's SDK analyzes device integrity signals, detects tampering tools such as emulators and app cloning, and validates location behavior in real time—providing persistent risk intelligence without adding friction for legitimate users.

With Incognia, Webull Brazil reduced its compliance workload, cutting manual verification cases from 19.2% to just 2.5%. The partnership also protected against remote access threats, identifying more than 7,650 devices running tools like AnyDesk and TeamViewer to prevent "phantom hand" account takeover attacks. Leveraging Incognia's location intelligence, Webull Brazil pinpointed geographic clusters of high-risk activity, enabling the company to refine its marketing strategy, discontinue campaigns that attracted abusive behaviors, and focus growth on higher-quality, long-term users.

"Fintech platforms must deliver both speed and security to earn customer trust," said André Ferraz, CEO and Co-Founder of Incognia. "By combining device intelligence, location validation, and behavioral risk signals, we help platforms like Webull Brazil scale rapidly while protecting users and preventing organized fraud from undermining growth."

The partnership highlights the increasing importance of mobile-native risk intelligence in financial services, where attackers often rely on device manipulation, remote access tools, and coordinated account networks to exploit promotions or attempt account takeover. By identifying these threats early, Incognia enables platforms to protect revenue while maintaining a frictionless experience for legitimate users.

For more information about Incognia's innovative approach to fraud prevention, visit Incognia.com.

About Webull Brazil

Webull Technologies Brazil Ltda. is a technology company that provides financial operational support services through the Webull Platform. In the United States, brokerage services are offered by Webull Financial LLC, a member of SIPC and FINRA, with self-directed trading of securities, including stocks and options. The company also offers futures trading as a Futures Commission Merchant registered with the CFTC and member of the NFA. International investments are intermediated by H.H Picchioni, and crypto asset trading is made available in partnership with Coinbase through Webull SPSAV. Webull offers the Cash Management Product, an optional feature within the investment account that allows clients to earn interest on uninvested cash balances through an FDIC-insured cash management solution. Important Notices: Webull is not a bank. Trading options, futures, and crypto assets involves significant risks and is not suitable for all investors, and may result in losses of 100% or more of the investment. Funds in the Bank Sweep Program are FDIC insured up to $5,250,000, limited to $250,000 per Participating Bank. The Cash Management Product is not available for all accounts. Webull SPSAV is in a regulatory transition period in Brazil. Fees are subject to change. For more information, visit: www.webull.com.br.

About Webull Corp

Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 26 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull's trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at https://www.webullcorp.com/.

About Incognia
Incognia provides cross-device risk intelligence for companies that rely on trusted digital interactions. Its technology blends location behavior, device integrity, and behavioral analysis to create a risk signal that cannot be faked at scale and shows whether a user is trusted or risky. With real-time assessments and actionable data, Incognia helps organizations stop repeat and large-scale fraud while reducing friction for legitimate users.

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SOURCE Incognia