iDenfy Overview

iDenfy offers an identity verification service that enhances user onboarding processes while mitigating fraud risks. This service is crucial for businesses needing to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. By providing instant ID verification, iDenfy helps organizations reduce the costs associated with rejected verifications and ensures compliance with regulatory standards. The platform is effective against fraudulent activities and supports businesses in verifying identities across various industries. A unique feature is its ability to screen and monitor customers continuously, which helps maintain security and trust.

Use Cases

Customers recommend Onboarding, Sales Review & Feedback, White Labeling, as the business use cases that they have been most satisfied with while using iDenfy.

Other use cases:

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iDenfy Use-Cases and Business Priorities: Customer Satisfaction Data

iDenfy, belong to a category of solutions that help Web Security. Each of them excels in different abilities. Therefore, determining the best platform for your business will depend on your specific needs and requirements.

iDenfy provides instant ID verification for user onboarding to mitigate fraud. It ensures compliance with KYC and AML regulations.

Comprehensive Insights on iDenfy Use Cases

What solutions does iDenfy provide for Onboarding?

Case Studies

Financial Services

CASE STUDY GOAT Finance

iDenfy helped GOAT Finance improve its AML program and identity verification for both individuals and corporate clients. GOAT Finance needed a secure, cost-effective RegTech solution for KYC, KYB, an...d AML compliance. iDenfy provided automated onboarding, fraud prevention, and monitoring tools that integrated with GOAT Finance’s systems. As a result, 97% of users onboarded in just 2 minutes on average. Manual work for specialists dropped by 77%.

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Entertainment

CASE STUDY Flirtback

iDenfy helped Flirtback automate identity and age verification for its adult entertainment platform. Flirtback faced slow, manual checks that delayed onboarding and risked fake profiles. iDenfy’s Reg...Tech tools enabled fast, secure onboarding and compliance with KYC rules. Onboarding time dropped to 30 seconds. Flirtback converted 3x more content creators and reduced drop-offs with AI-powered age verification.

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Financial Services

CASE STUDY Liquid Noble

iDenfy helped Liquid Noble automate KYC and AML screening. Liquid Noble needed to speed up onboarding and meet strict compliance rules. iDenfy's software cut ID verification time in half. 86% of veri...fications now need no manual checks. User onboarding is now twice as fast with automated AML and adverse media screening.

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Internet

CASE STUDY FriendFinder Networks

iDenfy helped FriendFinder Networks verify employees and end-users on its dating and streaming sites. The company needed fast, compliant onboarding and strong age verification for adult-only platform...s. iDenfy's KYC and AML solutions replaced slow manual checks. FriendFinder Networks saw a 2x increase in end-user conversions and 99% of employees passed KYC in under 90 seconds.

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Financial Services

CASE STUDY Rebell Pay

iDenfy helped Rebell Pay, a cross-border P2P payment provider, automate ID verification and AML screening. Rebell Pay needed to meet strict global compliance and speed up onboarding. iDenfy's solutio...n cut KYC/AML costs by 15%. Onboarding became three times faster with custom flows for different jurisdictions. The new system improved compliance and user experience.

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Internet

CASE STUDY Proxyrack

iDenfy helped Proxyrack automate identity verification. Proxyrack faced slow onboarding and fraud risks with their old KYC provider. iDenfy's software created a fully automated IDV flow, including re...-verification. Proxyrack reduced onboarding time by 70%. They now handle twice as many verifications daily, even during volume spikes. Automation improved compliance and user experience.

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iDenfy Features

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FEATURE RATINGS AND REVIEWS
AI Powered

3.50/5 ★

Read Reviews (5)
Custom Reports

3.32/5 ★

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Analytics

2.94/5 ★

Read Reviews (1)
CAPABILITIES RATINGS AND REVIEWS
AI Powered

3.50/5 ★

Read Reviews (5)
Custom Reports

3.32/5 ★

Read Reviews (3)
Analytics

2.94/5 ★

Read Reviews (1)

Software Failure Risk Guidance

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iDenfy, UAB News

Product

iDenfy adds AI summary feature to KYB platform for risk analysis

iDenfy has introduced an AI-driven summary feature to its KYB platform, enhancing risk analysis capabilities. This tool allows users to generate quick, detailed reports on verified entities, aiding in compliance and decision-making. The feature supports faster onboarding and includes advanced biometric identity verification and AML screening, reinforcing iDenfy's commitment to efficient regulatory compliance.

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Product

iDenfy launches its Secretary of State business search to supercharge ...

iDenfy has launched a new Secretary of State business search feature within its KYB verification platform. This AI-powered tool centralizes access to SOS filings from all 50 U.S. states, enabling businesses to instantly verify company legitimacy and compliance. It enhances fraud prevention by providing real-time data and risk scoring, crucial for high-risk industries like fintech and crypto.

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Product

iDenfy adds Swedens BankID verification to provide a flexible onboarding workflow for Nordic users

iDenfy has integrated Sweden's BankID into its KYC platform, enhancing identity verification for Nordic users. This integration provides a secure, government-compliant verification method, crucial for fintech and banking sectors. BankID, with a 99.4% adoption rate in Sweden, simplifies KYC compliance and builds trust among Swedish customers. iDenfy's platform supports over 3,000 ID types globally, ensuring high verification accuracy.

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Product

iDenfy adds Sweden's BankID verification to provide a flexible ...

iDenfy has integrated Sweden's BankID into its KYC platform, enhancing identity verification for Nordic users. This integration offers a secure, government-compliant method, crucial for regulated sectors like fintech and banking. The system supports both mobile and desktop, simplifying KYC compliance and building trust among Swedish customers. iDenfy's platform can handle unlimited verification requests, offering flexible pricing and compliance with global data protection regulations.

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iDenfy, UAB Profile

Company Name

iDenfy, UAB

Company Website

https://www.idenfy.com/

HQ Location

59 K. Barsausko gatve, Kaunas, Kauno LT

Employees

11-50

Social

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Financials

PRIVATE