iDenfy News

iDenfy, a global RegTech solutions hub, partnered with Venevo, a Romania-based crowdlending startup that operates as an EU-licenced Crowdfunding Service Provider and focuses on bridging the gap between ideas and investments. iDenfy’s identity verification software, together with built-in AML screening tools, will help approve new entrepreneurs and investors on the Venevo platform quickly, ensuring a fully automated onboarding flow.   Financial irregularities Identity fraud and...

iDenfy, a Lithuania-based RegTech company specialising in AI-powered ID verification and fraud prevention solutions, partnered with 7bet, a pioneering Lithuanian iGaming operator offering sports betting and iGaming services. iDenfy’s Know Your Customer (KYC) software will help 7bet’s gamers access the platform quicker while ensuring legal compliance and minimising fraudulent accounts, such as those who abuse the bonus system or want to overcome bans using multi-accounting. Other t...

iDenfy, a global pioneer in RegTech services, has filed its first patent for an innovative address verification technology. The patent, published in 158 countries by the World Intellectual Property Organisation (WIPO), introduces a novel method for verifying a user’s address data. It aims to set a new standard for reliability and security, help businesses combat fraud, and more effectively prevent document forgery. Traditional address verification methods Traditional address verificatio...

 iDenfy, a global pioneer in RegTech services, has filed its first patent for an innovative address verification technology. The patent, published in 158 countries by the World Intellectual Property Organisation (WIPO), introduces a novel method for verifying a user’s address data. It aims to set a new standard for reliability and security, help businesses combat fraud, and more effectively prevent document forgery. Verification methods Traditional address verification methods, suc...

iDenfy, a Lithuania-based pioneer in ID verification and fraud prevention, has announced a strategic partnership with AREA42, a pioneering TradeTech innovation ecosystem. Together, the companies aim to deliver a seamless and secure onboarding experience for businesses across global markets, ensuring the AREA42 platform remains user-friendly while maintaining the highest compliance standards to prevent bad actors. B2B trade problems The European Commission reported that financial irregularitie...

iDenfy, a global RegTech company specialising in Know Your Customer (KYC), Anti-Money Laundering (AML), and Know Your Business (KYB) verification solutions, has announced its achievement of SOC II certification with the submission of an independent auditor’s report. New office  This milestone confirms iDenfy’s position as a trusted partner in the US market, ensuring that its data handling practices meet rigorous standards of security and confidentiality. The certification coi...

iDenfy, a pioneer in identity verification and compliance solutions, has announced its new partnership with Portugal Residency Advisors, a consulting firm specialising in comprehensive relocation and investment services in Portugal. The partnership aims to automate the onboarding process and strengthen security measure regulations for the new clients. Identity verification solutions The challenges related to identity fraud and regulatory compliance have increased as well As digital and cross...

iDenfy, a Lithuania-based RegTech company, announced its new Know Your Business (KYB) verification workflow for Sole Proprietorships. This feature is designed to onboard sole traders, businesses, and legal entities through a unified dashboard. Tailored specifically to meet the needs of sole proprietors, iDenfy’s solution helps compliance teams collect information required for KYB verification more efficiently, using special features, such as automated questionnaires and templates that mak...

iDenfy, a Lithuania-based identity verification and fraud prevention company announced the launch of its new AI-powered Data Crossmatch feature, enhancing the company’s KYB platform with an innovative approach for simplifying verification for corporate entities. This new feature strengthens iDenfy’s RegTech suite by allowing businesses to access data from a wide network of global sources easily while comparing it with internally stored KYB data, ultimately making the onboarding fast...

iDenfy, a RegTech startup specialising in identity verification and fraud prevention solutions, announced a new partnership with Xirni, a new developer of anti-money laundering (AML) and counter-terrorist financing (CTF) compliance technologies. Through this collaboration, both teams will merge their expertise to bring clients with a powerful, automated AML/CTF compliance management system for smoother, more efficient risk management. AML compliance solutions Since its establishment in 2019,...

Lithuania-based RegTech iDenfy, announced the launch of its new electronic identity verification solution (eIDV), designed to streamline a fast multi-layered Know Your Customer (KYC) process that works across multiple industries. iDenfy’s new system provides instant verification using cross-matching results from official US databases, making it easier than ever for businesses to onboard users without delays or complex, cumbersome processes. US regulatory standards Four-step process boos...

iDenfy, a Lithuania-based RegTech pioneer in AI-powered KYC/AML solutions, has partnered with a prominent Czech-based crypto exchange platform, GlolinkOTC. iDenfy will be responsible for ensuring a smooth transition to a fully automated approach to compliance, helping GlolinkOTC build a seamless verification process with extra features like adverse media screening, PEPs and sanctions checks, as well as other compliance-related measures that help assess risks and ensure ongoing due diligence.&nb...

iDenfy, a Lithuania-based RegTech company, announced new automated features in its Know Your Business (KYB) platform, which will contribute to the company’s goal to help transform the Fintech industry by revolutionising the business verification process. As financial crimes and regulatory pressures rise, iDenfy’s team focuses on changes in the traditional or manual KYB process, enabling companies to quickly and accurately verify business entities and minimise risks without sacrifici...

iDenfy, a Lithuania-based RegTech startup specialising in ID verification and fraud prevention solutions, announced a new partnership with Bitlocus, a regulated cryptocurrency exchange platform known for its comprehensive crypto-to-fiat and fiat-to-crypto solutions. iDenfy’s full-stack Know Your Customer (KYC) solution will aim to increase conversions and help Bitlocus maintain a simple and compliant verification flow.  Need for identity verification solutions As the cryptocurrency...

iDenfy, an AI-powered identity verification, compliance, and fraud prevention solutions provider, partnered with Confindo, a provider of IT solutions specialising in customer relationship management (CRM) tools for group companies and external partners. This collaboration will help Confindo manage third-party risks and ensure proper fraud and breach prevention while building a seamless and secure verification experience. Need for robust security measures The rise in digital transactions has m...

iDenfy, a Lithuania-based identity verification and fraud prevention tool provider, announced a new partnership with Frank, a logistics and transportation platform for both businesses and individual customers. The main goal of the collaboration is to help Frank accept their clients through a seamless verification flow that is both compliant and user-friendly, which means automatically checking and confirming KYC data at the onboarding stage.   Robust security measures In the digital...

iDenfy, a Lithuania-based RegTech solutions provider best known for its variety of KYC tools, has launched a new Face Authentication service. The new cutting-edge technology is designed to detect fraudulent biometrics and add extra protection without unnecessary friction to the end user. Face Authentication enables online platforms to create a more secure network by flagging suspicious activities in real time, helping to prevent fraud at every stage of the customer journey. Face Authentication...

iDenfy, a Lithuania-based RegTech company offering automated KYC/KYB and AML solutions, partnered with Gopher, an innovative on-demand marketplace that connects users with qualified local workers for various services. This collaboration introduces enhanced identity verification features through Gopher’s newly launched TrustShield™ programme, marking a significant step forward in securing the platform's services with transparent identities for both users and service providers. Gophe...

iDenfy, a Lithuania-based AI-powered identity verification, fraud prevention and compliance tool provider, has partnered with Transparent Care, an American-based innovative healthcare staffing platform designed to help hospitals hire nurses and other specialists. This collaboration aims to enhance the identity security of Transparent Care's staffing services to avoid any fraudulent identities, forged ID documents and other illegal activities. Transparent Care team Transparent Care opera...

iDenfy, a Lithuanian-based RegTech company best known for its identity verification tools, has announced a new partnership with SetFreaks, the world’s first pre-release service for DJs in the dance music industry. This collaboration will enhance regulated compliance and automate user identity verification on the SetFreaks platform while adding an extra layer of security to internal fraud prevention measures.  SetFreaks, the world’s first pre-release service for DJs in the dance...

iDenfy, a Lithuania-based identity verification, compliance, and fraud prevention company, announced a new partnership with SCOPE FinTech Solutions, a Netherlands-based business that’s best known for its Software as a Service (SAAS) solutions tailored explicitly for fintech. This partnership marks a major leap forward in enhancing fintech security, particularly in response to the expanding European market and the escalating threat of financial fraud. Identity verification iDenfy helps S...

iDenfy, a global ID verification, compliance and fraud prevention platform, partnered with Beera Station, a unique self-pouring beer machine network. The partnership with iDenfy will help onboard customers and stop minors from accessing the age-restricted service. Failing to comply with regulations can result in hefty fines, a damaged reputation, and closed doors on further opportunities for any business. As iDenfy officials explain, that is the reason why age-restricted services need to be pro...