iDenfy Announces its New Partnership With a Fastly Growing Investment Platform VIAINVEST

iDenfy’s AI-powered ID verification will ensure security for VIAINVEST growing client base

Kaunas, Lithuania (September 8, 2022) – the online security experts providing ID verification and fraud prevention services, iDenfy, broke down the news about a new partnership with a licensed investment and P2P lending platform, VIAINVEST. iDenfy will secure VIAINVEST by ensuring a smooth and safe customer onboarding experience through biometric ID verification.

According to estimates by the International Monetary Fund, 5% of global gross domestic product is linked to money laundering. iDenfy claims that the necessary amounts of illicit funds through various institutions push the financial sector to search for long-term fraud prevention solutions. VIAINVEST agrees with this approach, stating that compliance is one of the company’s top priorities. As a result, to minimize threats and secure its reputation, VIAINVEST improved internal efficiencies and security regime by implementing iDenfy’s digital identity verification and Anti-Money Laundering (AML) Screening services.

VIAINVEST is a licensed investment platform encouraging its customers to invest in global lending markets. As part of the VIA SMS Group, a financial services provider with operations throughout Europe and Asia, VIAINVEST strives to provide its growing customer base with the simplest way to invest in loans from the group and its subsidiary companies.

VIAINVEST explains that its platform differs from traditional banking because it offers private investors access to the non-banking lending sector through an efficient process. As the company explains, it has over 13 years of fintech expertise, which helps investors secure a long-term wealth-building path easier. Each investor controls how much they want to invest manually or using the auto-invest option. VIAINVEST also secures its loans with a Buyback Guarantee.

VIAINVEST decided to implement iDenfy’s verification solution to simplify customer onboarding. Asked about the factors that impacted the decision to choose iDenfy, VIAINVEST explained that trusting all partners is essential. According to VIAINVEST, every time the business works with a new partner, the company credits them based on their previous partners and the quality of their services. As a significant benefit on iDenfy’s part, VIAINVEST also pointed out that the company was able to offer an all-in-one solution for identification and AML screening.

From now on, iDenfy’s biometric ID verification helps VIAINVEST manage fraud risks more efficiently, making fraud detection, such as identity fraud and customer onboarding, simple. With the new verification, customers complete the full identity verification in less than a minute or four steps. According to VIAINVEST, this allows them to convert more new clients and, simultaneously, build long-term relationships with the customers.

To complete the comprehensive identity verification service, iDenfy uses biometrics and liveness detection technology. In seconds, the enterprise detects photo and video spoofing, montage, and other graphic manipulations. By comparing the document and the customer’s onboarding selfie, iDenfy guarantees that only trusted and legitimate identities enter VIAINVEST’s network.

iDenfy supports over 2000 document types from more than 200 countries and territories. The automatic ID verification is backed by human supervision, meaning that iDenfy’s in-house team of experts manually checks each verification result to ensure accuracy.

“Our goal is to continuously provide our investors with top-quality service, which includes secure and efficient identity verification. We’re proud to have partnered with iDenfy, a transparent company that helps us comply with the latest standards while offering customers a seamless onboarding experience.” — stated Aleksandrs Puzdrans, VIAINVEST Platform Lead.

“We understand how important it is for businesses to stay compliant and provide quick, user-friendly service without compromising on security. We’re glad to assist our new partner and help them minimize the stress regarding maintaining security and protecting their customers’ data.” — added Domantas Ciulde, the CEO of iDenfy.

About iDenfy

iDenfy, a platform of identity verification services and fraud prevention tools, ensures AML and KYC compliance for every company — from large-scale businesses to small organizations. The rapidly growing business was named the best “Fintech Startup” in 2020. The company also received recognition for winning a Baltic Assembly Prize for innovation in 2021.

For more information and business inquiries, please visit www.idenfy.com