iDenfy partners with Business Arena for AML solutions

iDenfy, a pioneer in identity verification, compliance, and fraud prevention, has announced a strategic partnership with Business Arena, a pioneering corporate service provider specialising in company registration, licencing, visa assistance, and administrative support.

This collaboration enables Business Arena to integrate iDenfy’s advanced identity verification (IDV) and Anti Money Laundering (AML) solutions to enhance the company's security and deliver a seamless onboarding experience for its clients.

Business setup and management

The company provides a seamless venture for entrepreneurs, startups, and established firms alike

Business Arena is a trusted name in the corporate services industry, both internationally and especially in Dubai, offering a comprehensive suite of solutions to simplify business setup and management in the United Arab Emirates. The company provides a seamless experience for entrepreneurs, startups, and established businesses alike.

From company formation and licencing to visa processing and ongoing administrative support, Business Arena serves as a one-stop shop for corporate needs. Its services cater to a diverse clientele, including multinational corporations, small and medium-sized enterprises (SMEs), and individual investors.

Transition to iDenfy’s identity verification software

The company’s goal is to ensure strong regulatory compliance and streamlined government processes. By leveraging local and international regulations, Business Arena enables its clients to focus on growing their businesses while remaining fully compliant with legal requirements.

Before partnering with iDenfy, Business Arena relied on manual verification methods that were not only inefficient but also resource-intensive. The transition to iDenfy’s automated identity verification software has revolutionised the company’s onboarding experience, reducing verification times and minimising the risk of human error.

Conventional verification techniques

Conventional verification plans are often laborious, resource-heavy, and susceptible to human error

Conventional verification techniques are often laborious, resource-heavy, and susceptible to human error. Acknowledging these issues, Business Arena aimed to bolster its security protocols without sacrificing efficiency. The organisation recognised iDenfy as the perfect partner to meet these requirements, thanks to its sophisticated identity verification system.

iDenfy’s technology employs three-dimensional face mapping and industry-standard facial recognition algorithms to automatically identify user faces, effectively thwarting fraud attempts involving 3D masks or deepfakes.

 iDenfy’s integrates advanced technologies

iDenfy’s platform integrates advanced technologies, such as biometric verification and document verification, to deliver a robust and secure onboarding process. By adopting a combination of these RegTech solutions, Business Arena has fully automated and optimised its compliance processes, ensuring that only legitimate customers gain access to its services.

Furthermore, iDenfy’s identity verification solution is capable of recognising and validating over 3,000 types of documents from more than 200 countries and territories, including passports, ID cards, driving licences, and residence permits, thereby ensuring efficient and precise global identity verification.

iDenfy’s AML screening solution

Business Arena is also required to continuously check if a company appears on sanctions lists or has ties to money laundering activities. Previously, this was a manual process, but with iDenfy’s Anti-Money Laundering (AML) screening solution, the company can now access adverse media results through a proprietary filtering algorithm.

The solution enables automated checks against global Politically Exposed Persons (PEPs) lists and law enforcement watchlists such as Europol, FBI, and NCA, as well as international sanctions lists from organisations like the World Bank, Interpol, and SECO.

Compliance with AML and KYC regulations

The fully automated AML compliance solution notifies Business Arena instantly if an AML risk is detected

The fully automated AML compliance solution notifies Business Arena instantly if an AML risk is detected during the AI-powered screening process that runs in the background, providing results in real-time and ensuring KYC/AML compliance with auditing policies across multiple jurisdictions.

It’s worth mentioning that as the corporate services industry evolves, the risks associated with fraud and financial crime continue to rise. Recent reports indicate that global losses from identity fraud in 2025 are projected to exceed $50 billion, with synthetic identity fraud emerging as one of the fastest-growing threats. In this environment, compliance with AML and KYC regulations has become more critical than ever.

Evolution of financial regulations

“With the rapid evolution of financial regulations, ensuring compliance while maintaining a seamless onboarding process is crucial. iDenfy’s identity verification and AML solutions help us achieve this balance, allowing us to protect our business and clients from fraud while ensuring a frictionless customer journey”, said Radu Bogdan Pertescu, the CEO of Business Arena.

“At iDenfy, our goal is to help businesses operate securely and efficiently in an increasingly complex regulatory landscape. Business Arena shares our vision of providing secure and compliant services. By offering our KYC and AML compliance tools, we help our new partners reduce onboarding time and minimise fraud chances to zero,” said Domantas Ciulde, the CEO of iDenfy.