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

How efficiently Does iDenfy manage your Onboarding?

Case Studies

Information Technology and Services

CASE STUDY Cherry Servers

iDenfy’s biometric ID verification helped Cherry Servers fight fraud. Cherry Servers faced rising fraudulent payments and chargebacks, hurting their credit rating. They needed a better ID check than ...3D Secure, which was not available everywhere. iDenfy’s solution offered automated ID and liveness checks, easy integration, and global coverage. After using iDenfy, Cherry Servers saw a 33% reduction in fraud, fewer chargebacks, and better conversions.

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Banking

CASE STUDY TOPsport

iDenfy helped TOPsport automate KYC and AML checks for its iGaming platform. TOPsport needed to verify player identities fast, prevent fraud, and meet strict regulations. Manual reviews caused delays... and risked missing red flags. iDenfy's automated solution streamlined onboarding, improved age verification, and added biometric checks. TOPsport saved 30% in costs and increased pass rates by 89% after using iDenfy.

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CASE STUDY HollaEx

iDenfy helped HollaEx automate its ID verification process. HollaEx switched from manual checks to a fully automated KYC/AML workflow. This made onboarding faster and reduced fraud risk. HollaEx adde...d a custom KYC plugin for its partners. Verification time became 5 times faster, now under 60 seconds. Sales increased by 15% through package upgrades and iDenfy’s KYC plugin.

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Financial Services

CASE STUDY Payset

Payset used iDenfy’s AI-powered identity verification to move from manual KYC to a fully automated onboarding system. Before, Payset’s manual process caused errors, slow approvals, and high costs. iD...enfy’s solution automated document checks, selfie verification, and address validation. Payset cut onboarding time by 82%. The new system improved security and made the user experience better.

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Banking

CASE STUDY Mano Bank

iDenfy helped Mano Bank automate its identity verification process. Before, Mano Bank used video calls for KYC, which caused delays and used a lot of staff time. With iDenfy's AI-powered KYC solution..., Mano Bank made onboarding faster and easier. Now, 85% of new clients are approved in an average of 2 minutes. The number of users verified per hour increased 12 times, supporting Mano Bank’s growth.

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Financial Services

CASE STUDY Payset

iDenfy helped Payset automate its KYC onboarding process. Payset replaced manual checks with iDenfy’s automated ID, selfie, and address verification. This cut user verification time to under 2 minute...s and reduced onboarding time by 82%. Payset customized iDenfy’s verification flow and used webhooks for session management. Automation improved accuracy and increased customer sign-ups each month.

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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 ★

Read Reviews (3)
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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for iDenfy

Top Failure Risks for iDenfy

iDenfy, UAB News

Partnership

QwikPay and iDenfy partnership boosts security

QwikPay and iDenfy have formed a partnership to enhance payment security. iDenfy will provide its identity verification technology to QwikPay, strengthening fraud prevention and compliance for digital transactions. The collaboration aims to deliver robust KYC and AML solutions for QwikPays platform, supporting secure and seamless customer onboarding.

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Partnership

iDenfy Partners with Portugal Residency Advisors to Enhance Client Onboarding with Advanced Verification Technology - Crypto News

iDenfy has partnered with Portugal Residency Advisors to improve client onboarding using advanced verification technology.

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Awards

iDenfy: the top choice for identity verification in 2024 - CyberNews.com

iDenfy is highlighted as the leading choice for identity verification in 2024, according to CyberNews.com.

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Partnership

iDenfy Partners with O2Factoring to Elevate Financial Security for Entrepreneurs - Fintech Finance

iDenfy is partnering with O2Factoring to improve financial security for entrepreneurs.

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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