iDenfy, an AI-enabled identity verification and fraud prevention tech startup, has announced its partnership with Fincapital Partners, an all-in-one banking and asset management platform. The partnership will see iDenfy providing its advanced KYC and AML solutions, allowing Fincapital Partners to deliver a seamless customer onboarding process.
Fincapital Partners sought a user-friendly experience and uninterrupted customer experience, which drove them to seek automated compliance solutions. The fintech offers a comprehensive suite of services, including trading investment, crypto exchange, and banking services such as IBAN and card issuance.
The fintech required an online service that would instill customer confidence without the benefit of face-to-face interaction. As a result, they chose iDenfy to integrate identity verification and anti-money laundering (AML) screening solutions, helping to streamline the onboarding process.
The partnership will enhance fraud prevention and provide secure and end-to-end identity verification and AML service. iDenfy is now responsible for ensuring that all customers of the financial service platform are protected and their sensitive data is stored in a compliant manner.
Fincapital Partners has stated that iDenfy is now responsible for handling KYC inquiries and storing personal information, reducing the workload for its team. This implementation is believed to provide a more secure experience for their clients and minimize regulatory risk to their business.
“Our primary focus was eliminating manual processes and increasing automation to streamline our compliance workflow. Our partnership with iDenfy helps us achieve a positive customer experience and increase identity verification speed so our clients can be unboarded faster.” said Adrien Brousse, the CEO of Fincapital Partners.
“A company’s success in building an effective compliance program depends on having the appropriate KYC and AML controls in place. We appreciate every new partnership we make and are enthusiastic about helping Fincapital Partners improve their fraud prevention system.” added Domantas Ciulde, the CEO of iDenfy.
On Friday 28 April, 2023, iDenfy, an AI-enabled identity verification and fraud prevention tech startup, announced its partnership with Fincapital Partners, an all-in-one banking and asset management platform. Through the partnership, iDenfy will provide advanced KYC and AML solutions, allowing Fincapital Partners to deliver a seamless customer onboarding process.
The fintech required an online service that would instill customer confidence without the benefit of face-to-face interaction. As a result, they chose iDenfy to integrate identity verification and anti-money laundering (AML) screening solutions, helping to streamline the onboarding process and reduce workload for its team.
Fincapital Partners has stated that the partnership will enhance fraud prevention and provide secure and end-to-end identity verification and AML service, while also minimizing regulatory risk to their business.
“Our primary focus was eliminating manual processes and increasing automation to streamline our compliance workflow,” said Adrien Brousse, the CEO of Fincapital Partners. “Our partnership with iDenfy helps us achieve a positive customer experience and increase identity verification speed so our clients can be unboarded faster.”
“A company’s success in building an effective compliance program depends on having the appropriate KYC and AML controls in place,” commented Domantas Ciulde, the CEO of iDenfy. “We appreciate every new partnership we make and are enthusiastic about helping Fincapital Partners improve their fraud prevention system.”
iDenfy is a RegTech startup that provides AML, KYC, and KYB compliance solutions to businesses of all sizes. The company has been recognized as a leading identity verification software in G2’s Winter 2023 report and won the “Enabler of the Year” category at the Lithuanian Fintech 2023 awards.
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