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iDenfy

iDenfy

IT Services and IT Consulting

Kaunas, Kauno 7,569 followers

Powerful, All-In-One Identity Verification, Fraud Prevention and Compliance Platform.

About us

iDenfy is a leading all-in-one identity verification and fraud prevention platform, helping businesses automate KYC/KYB/AML compliance. With the power of AI, selfie biometrics, and a highly trained in-house team, we ensure the highest accuracy rates along with a simple onboarding journey. Integrate our compliance solutions and streamline fraud investigations without heavy coding. Custom-tailor the design and ID verification flow to minimize friction and maximize security. Effortlessly sync our software to 2,000+ apps, such as WordPress, Shopify, or Slack. Featured in G2’s Winter 2024 report as one of the leading identity verification solutions and the best AML software in the market, iDenfy is trusted by 500+ organizations, including the Bank of Lithuania, Juni, Coinmerce, Xcoins, Betsafe, IProyal, and others.

Website
http://www.idenfy.com
Industry
IT Services and IT Consulting
Company size
51-200 employees
Headquarters
Kaunas, Kauno
Type
Privately Held
Founded
2017
Specialties
Software, Compliance, KYC, AML, FinTech, Anti-Money Laundering, Artificial Intelligence, GDPR, B2B, Technology, Cybersecurity, Digital Identity, Know Your Customer, Verification, Identity Theft Protection, Identity Verification, Fraud Prevention, Fraud Detection, ID Verification, Authentication, RegTech, and KYB

Locations

Employees at iDenfy

Updates

  • VENEVO ® wanted to make some adjustments, and it was clear that automation was the only way to go for a seamless identity verification process. 💡 However, building a compliant and user-friendly onboarding process from scratch and, on top of that, running AML screening in the background wasn’t a one-and-done process. To overcome these challenges, the fast-scaling startup chose us as our partners. Here’s how it all went. ⤵️

  • iDenfy reposted this

    VENEVO ® Crowdlending Platform is Now Using iDenfy’s KYC and AML Technology “Our software now carries multi-layer KYC verification options. For example, our newest partner, Venevo, combines biometric checks with government-issued ID document verification to build a bulletproof verification flow,” added Domantas Ciulde. According to the lead man behind iDenfy, fraud detection is vital, especially in high-risk industries like finance or crowdfunding. https://lnkd.in/eNy6K6Va Tudor Oprea Aurimas Kybartas Simona Strolytė Ugnė Nastajūtė Adomas Vitkauskas Darius Sulte #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

    Venevo Crowdlending Platform is Now Using iDenfy’s KYC and AML Technology

    Venevo Crowdlending Platform is Now Using iDenfy’s KYC and AML Technology

    ffnews.com

  • Onboarding and managing business partners means bringing together multiple essential pieces in your KYB compliance strategy… …and missing one isn’t an option. That’s why our Business Verification platform has all the needed building blocks, including features like company information cross-checking with AI, built-in UBOs and directors verification, custom flows with risk-scoring options, and much more. Here’s a quick preview. ⬇️

  • eIDV, or electronic identity verification, is fast and secure, mainly because it often relies on cross-matching the person’s information with another reliable source instead of just asking them to upload their ID document. The eIDV process runs mostly in the background, minimizing friction while ensuring a multi-layered approach to 🆔 verification. Part of that is why it’s so popular — it’s a compliant and efficient way to verify customers among different regulated industries. But what else is there to know about this modern approach to KYC? 👇 We break it down for you. 

  • The tax system relies on voluntary compliance, meaning all taxpayers need to report their income. 〰️ From being obligated to pay the “mansion” tax in NY for a real estate transaction worth over a million to attempting to deduct pizza delivery as a business expense — there are many strange rules and ways that people try to reduce their tax bills. So, while minimizing taxes within the legal framework is generally acceptable, pushing the boundaries too far can cross the line from tax avoidance to tax evasion. ⤵️ We looked into the key differences between tax avoidance and tax evasion for you below. 

  • View organization page for iDenfy

    7,569 followers

    Flirtback aimed to build a complete age and identity verification flow for their content creators using automation. 🪪 Before our integration, the adult-only platform handled ID verifications manually. However, relying only on human oversight proved to be a complex task, especially since even tiny errors could have resulted in non-compliance or ethical mistakes, given the nature of their age-restricted services. 👇 Find out how our AI-powered KYC software helped establish a welcoming environment and ensure compliance in the adult industry.

  • View organization page for iDenfy

    7,569 followers

    Considering how easy it is to shop online, manipulating refund policies for fraudsters has become not a one-and-done job but more of a channel to earn quick cash. 🧷 For merchants, dealing with fraudulent refunds results often results in manual, ineffective, costly, and labor-intensive work when dealing with chargebacks and other challenges, such as multiple accounts used to abuse promotions or bypass bans. So, is there truly a way to stop fraudsters? 👇 Here’s our take.

  • View organization page for iDenfy

    7,569 followers

    Multiple accounts that are created from the same IP address is a classic sign of fraud, often linked to multi-accounting. 🛑 While some users might think having more than one account is harmless, most online businesses disagree. Why, you might wonder? 👇 Multiple accounts are often created through stolen credentials, synthetic identities, or using another person’s identity just to abuse promotions in iGaming, sell inauthentic items on e-commerce marketplaces, and more — which we discuss below. 

  • View organization page for iDenfy

    7,569 followers

    Nobody wants to spend hours manually reviewing identity documents and, more importantly, making costly mistakes like accepting a forgery. ◻️Not to mention factors like addressing all sorts of nuances, such as varying document formats, global compliance, and the ability to maintain a smooth end-user experience. ◻️ These were some of the headaches that our new partners Portugal Residency Advisors felt needed to be eliminated before they integrated our AI-powered KYC/AML solutions. Look into the key details about our collaboration and how automation can help seamlessly enhance user conversions and fraud detection capabilities. 

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Funding

iDenfy 3 total rounds

Last Round

Seed

US$ 56.8K

See more info on crunchbase