Kaunas, Lithuania - 03-14-2023 (PR Distribution™) -
iDenfy, the Lithuania-based RegTech startup providing identity verification tools, announced joining forces with Neontri, the Poland-based tech company providing innovative banking and mobile payment solutions. With iDenfy’s help to verify new users, Neontri will aim to verify new users more efficiently without compromising security.
According to Neontri, identity verification is crucial in mobile banking because it helps detect identity fraud and other financial crimes in real-time. The financial business focuses on providing unique experiences in financial technologies and payments, assisting other companies in succeeding in the digital, mobile-first environment.
As Neontri started to scale faster, the need for more robust Know Your Customer (KYC) tools grew. That’s when the tech company began searching for new ID verification software to ensure that only authorized individuals could access sensitive financial information. To enhance overall security and improve customer experience, Neonri partnered with iDenfy.
Neontri selected iDenfy’s four-step biometric identity verification solution to support its goal to expand to new markets. The startup’s software automatically recognizes, verifies, and extracts data from more than 2,500+ identity documents across 190 countries. Another requirement Neontri had for a new IDV provider was an easy integration into its existing platform, which iDenfy delivered with the option to customize the verification flow to match Neontri’s needs.
According to the mobile payment platform, partnering with iDenfy will enable the business to lean towards a fully automated compliance workflow helping Neontri minimize operational costs while improving customer experience. After implementing iDenfy’s KYC solution, Neontri’s customers will complete the entire ID verification process in less than two minutes.
iDenfy has turned its scalable ID verification system bulletproof to fraud by integrating liveness technology. As claimed by Neontri officials, this feature has become a new industry standard. It ensures that attempts to pass the authentication process fraudulently, such as using deepfake videos or wearing face masks, are impossible. This was critical in Neontri’s decision to secure its onboarding flow with iDenfy.
The identity verification service provider ensures accurate KYC results by powering its in-house expert team, who manually double-checks each verification 24/7, stopping criminals from accessing Neontri’s network. By leveraging iDenfy’s KYC software, the fintech aims to improve its risk management effectiveness and overall customer satisfaction. According to Neontri, this is an important aspect that brings value to the business.
It’s worth mentioning that last year, iDenfy hit a benchmark of having +500 partners who selected its identity verification solutions for stronger KYC compliance. Recently, the startup announced upgrading its Partner Program, inviting more enterprises to collaborate and bring security into the digital landscape.
“Having cutting-edge KYC comes beyond compliance requirements, as it helps build trust and grow your customer base. We’re excited to partner with Neontri by offering the fintech an even more secure and efficient customer onboarding solution.” — noted Domantas Ciulde, the CEO of iDenfy.
iDenfy, a platform of identity verification services and fraud prevention tools, ensures AML, KYC, and KYB compliance for every company — from large-scale businesses to small organizations. The rapidly growing business was named the best Fintech Startup in 2020. Recently, iDenfy was featured in G2’s Winter 2023 report as the leading identity verification software.
For more information and business inquiries, please visit www.idenfy.com.
For the original news story, please visit https://www.prdistribution.com/news/neontri-chooses-idenfy-s-ai-powered-biometric-identity-verification/9578565.