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Verifo Adds Idenfy’s Biometric Identity Verification to Secure Digital Onboarding

By PaymentsJournal
February 24, 2021
in Biometrics, Emerging Payments, Fraud & Security, Partnerships, Press Releases, Security
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Verifo Adds Idenfy’s Biometric Identity Verification to Secure Digital Onboarding

Payment provider, Verifo announced a new partnership with iDenfy to deploy its identity verification with facial recognition.

Kaunas, Lithuania (February 25, 2021) – iDenfy today announced Verifo as its latest partner implementing its innovative proprietary digital identity verification interface for the financial industry. Based in Lithuania, iDenfy has led the way in digital identification interfaces. 

Verifo erases borders as an EU-licensed Electronic Money Institution that enables clients to conduct global business digitally and securely. Along with the international SWIFT transfers in 30 major currencies, Verifo offers secure SEPA Payments and dedicated IBANs at reasonable rates.

“We operate in a market where reputation and a great track record are of critical importance. A single event of fraud could damage our image in the eyes of clients and regulators. We cannot leave it at the chance. It is important for us to have partners who are experts in the field of identity-checking and will provide us with an additional layer of security,” said Mantas Staliunas of Verifo.

For its part, iDenfy’s CEO, Domantas Ciulde, said his team is “pleased to be supporting Verifo’s digital initiatives. We pride ourselves on delivering access to online services that both detects and prevents fraudulent attempts while enabling the business to scale and meet regulations.”

The international footprint of Verifo makes the iDenfy platform an ideal addition to their services. The iDenfy system is a seamless integration that enables identity verification digitally throughout the world with internet access, a smartphone or a laptop with a camera. Along with a triplicate digital facial recognition scan, iDenfy accesses the law enforcement watch list, along with official document databases to verify the authenticity of identifications provided. Partners like Verifo are assured of extensive due diligence in complying with anti-money laundering protocols that meet and exceed the expectations of laws, rules, and regulations.

The iDenfy proprietary integration is available for a variety of companies, and organizations where verified identity is essential to doing business and protecting against fraud. Verifo provides a menu of international financial services for partners conducting business in the global marketplace.

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Tags: BiometricsDigital OnboardingDigital SecuritiesiDenfyIdentity VerificationSecuritySEPAVerifo

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