Identity Verification Stories
As many organizations worldwide continue on the path to go digital, it is now more important than ever to establish a sound relationship with their clients. Having the contact details of the customer is crucial not only for the purpose of exchanging information – it is also a vital part of Know Your Customer (KYC) …
What a year! In 2021, iDenfy experienced a great number of exciting partnerships, attracted talented new members, reached a milestone in sales revenue, created various useful products, and received an assembly award for accomplishments in the identity verification world. The mission to stop fraud isn’t easy, but this year’s rapid growth showed that anything’s possible. …
The working environment at iDenfy is far from dull. But don’t just take our word for it – we’re here to introduce the perspectives of our employees. Raminta Bastikaitytė is the Head of the Verification Department at iDenfy. She will be the first to share about herself and her experience at the organization. Distinctive Hobbies …
2021 marks the second year of the global pandemic and another year where the digital world proves its importance in today’s life. With digital communication turning a new page and service providers starting a new phase in online service delivery, online identity verification has become a valuable and critical part of the Know Your Customer …
A prevention and detection tool is designed around fraud scores to indicate how high or low fraud risks are. These risk detection solutions allow financial institutions and other businesses to ascertain if the parties they are dealing with are genuine or not. Since financial transactions between such parties are a complex process, there is a …
The discussion about fraud is ever-present in various industries worldwide – and for a good reason. Throughout the years, we, as a society, began to value transparency and fairness to a much greater extent than we did before. Fraud is directly opposing these values, and the demand for attention and prevention of fraud is rising …
The progress of our society and the world we live in is accelerating at an ever-growing pace. With rapid changes unfolding as we go, people ought to change their habits and behavior to adapt and stay practical. One has to run just to stay where they are – and those who reject ways of the …
Throughout the years, governments and institutions try to reduce corruption, fraud, and other illegal and immoral activities globally. It would be tough to find a country with little to no regulations on financial institutions. Anti Money Laundering (AML), Know Your Customer (KYC), and Know Your Business (KYB) guidelines are expanding each year in an attempt …
The modern, technologically advanced world demands its’ inhabitants to follow an ever-increasing number of guidelines to prevent financial, governmental, and other institutions from disaster. Business verification is one of them. The digitization of our everyday lives sets the stage for more devious fraudulent activities than ever before. And even if it usually gets unnoticed by …
On August 27, iDenfy celebrates its fourth birthday. In human years we are but a toddler, yet the development of our organization mirrors the growth of hard-working and responsible adults engaged in the company. I, CEO of iDenfy Domantas Ciulde, wish to look back and share our journey as well as project into the future! …
