iDenfy, an identity verification and fraud prevention service provider, partnered with Okazio, a digital wealth management platform specialising in secure cryptocurrency investment opportunities.
This partnership showcases iDenfy’s Know Your Customer (KYC) and Anti-Money Laundering (AML) services that will now be used to onboard Okazio’s users and support the latest compliance requirements with the EU’s new Crypto-Assets (MiCA) regulations while helping reduce fraud risks in the digital asset sector.
Compelling solution
Okazio offers a compelling solution for modern investors, a fully managed platform where users can access professionally managed crypto portfolios, earn passive income through DeFi, and access liquidity without handling wallets, seed phrases, or exchanges legally.
By integrating iDenfy’s identity verification software, Okazio now benefits from an advanced system capable of recognising, verifying, and extracting data from over 3,000 types of identity documents across 200 countries and territories.
“MiCA raised the bar for crypto platforms, and we see that as an opportunity, not a burden. We chose iDenfy because we needed a proven identity verification provider with EU regulatory recognition, deep technical integration capabilities, and a frictionless experience for our users,” explained Martin Bittara, the CEO of Okazio.
Global user onboarding
The system uses cutting-edge biometric algorithms, such as facial recognition
This ensures fast and secure global user onboarding while remaining fully compliant with international regulations.
The system uses cutting-edge biometric algorithms, such as facial recognition and 3D liveness detection, to confirm that each user is a real person.
Attempts to onboard by using fake images, 3D masks, or other forgeries are automatically blocked, as the platform offers bulletproof protection against identity fraud.
iDenfy’s AML screening
According to iDenfy’s CEO, Domantas Ciulde, this is important in industries ike crypto, as fraudulent transactions, for example, those that are used to launder funds through fake identities, money mules, or dirty funds, are still an issue for any high-risk, regulated platform that handles large volumes of users and their transactions.
For this reason, not only identity verification at the initial stage of the onboarding stage, but also other fraud prevention checks are needed that would work in various markets in terms of reliability and compliance requirements.
Beyond initial KYC checks, Okazio now uses iDenfy’s AML screening and ongoing monitoring software to strengthen its compliance efforts.
Accurate client risk profiles
iDenfy’s solution accepts various global IDs and international AML databases
All users are automatically screened against global sanctions lists, politically exposed persons (PEP) databases, and watchlists such as Europol or Interpol.
This helps Okazio scale faster in any global market sustainably and compliantly, as iDenfy’s solution accepts various global IDs and international AML databases that help maintain accurate client risk profiles, automating KYC, risk management processes, and ongoing due diligence processes.
iDenfy’s continuous background monitoring alerts Okazio to any changes in a user's legal or risk status in real time, enabling proactive intervention and regular checks without slowing down operations.
Building trust
For Okazio, choosing iDenfy wasn’t just about ticking regulatory boxes; it was about building trust
Currently, Okazio verifies users in under a few minutes, which significantly reduces onboarding time and ensures full compliance with cross-border regulations. This efficiency has already helped to lower abandonment rates and improve onboarding reliability.
For Okazio, choosing iDenfy wasn’t just about ticking regulatory boxes; it was about building trust. iDenfy has established its name in the crypto industry and offers specialised workflows on its dashboard to simplify onboarding according to industry requirements.
For Okazio, this means less time spent on implementation and more time for new business opportunities while focusing on other key areas. With iDenfy’s tools, every user’s identity is verified, screened, and documented. That creates a secure chain of trust and an AML-compliant audit trail behind every investment made on the platform.
Rising security concerns
The crypto industry remains under intense observation due to rising security concerns
It’s worth mentioning that as of mid-2025, the crypto industry remains under intense observation due to rising security concerns. A recent Chainalysis report revealed that in 2024, losses from hacks surged by 21%, reaching $2.2 billion.
It marks the fourth consecutive year of over $1 billion in hacking-related crime. This sequence shows how increasingly sophisticated cybercriminals are targetting both centralised exchanges and DeFi platforms.
These reasons make AML and identity verification infrastructure important for any modern crypto-asset service provider in order to minimise the risk. “With crypto adoption growing among mainstream investors, the need for clear identity verification and fraud prevention is more important than ever. Our partnership with Okazio reflects a new standard, where high-performance digital asset platforms also meet the highest compliance and security benchmarks,” added Domantas Ciulde, the CEO of iDenfy.
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