iDenfy’s biometric ID verification ensures convenient and secure loans for Credex

iDenfy’s biometric ID verification ensures convenient and secure loans for Credex

Lithuanian-based remote ID verification and fraud prevention startup, iDenfy, partners with Credex, the automated lending platform for point of sales financing. iDenfy’s full-stack identity verification will ensure a swift and safe lending experience for Credex’s customers.

The pandemic accelerated a sharp rise in cybercrime. According to IT Governance, 39% of companies suffered cyberattacks last year. As a result, compared to the previous year, fewer businesses are using fraud prevention tools or performing any type of customer monitoring.

Without the extra security layer, organizations leave an open door for fraudsters to strike. To avoid damaging consequences, such as compliance fines, reputational loss, or financial crime, organizations implement AI-powered tools. This way, they are able to analyze various data points as well as huge transaction numbers and detect fraud in real-time.

According to Credex, choosing long-term partners is not an easy step, especially since their services have a huge impact on the clients’ experience; therefore, when searching for a new identity verification provider, the company prioritized safe, user-friendly options and selected iDenfy’s automated service.

Credex is a licensed automated lending platform providing secure loans using a fully digital stream. The financial institution provides its customers with convenient, easy-to-apply, personalized loan options and favorable terms. Currently, Credex has over 100,000 clients worldwide, aiming to increase its lending volumes.

As per iDenfy, remote ID verification prevents online scammers from carrying out processes on another person’s behalf or committing fraud through false, synthetic identities. iDenfy fights cybercriminals and protects businesses by offering full-stack identity verification and fraud prevention measures.

Its AI-powered biometric technology matches the user’s selfie with their document in less than a minute, and the 3D liveness check ensures that the customer is real and physically present during the onboarding process.

iDenfy’s certified verification software increased Credex’s clients’ satisfaction due to the swift, simple Know Your Customer (KYC) process. According to the lending platform, iDenfy’s solution encouraged more clients to download the Credex Mobile Application and minimized the rate of abandoned transactions.

“Fraud prevention is essential in this digital age, and for businesses that have high transaction volumes, it can be challenging. We’re proud to collaborate with iDenfy, a responsible business, helping us overcome such cybersecurity threats and providing our clients with a pleasant identity verification experience.” — explained Traian Baicu, the General Director of Credex.

“Identity verification allows businesses to onboard their customers with confidence. Thanks to technology and artificial intelligence, we can detect fraud or money laundering in real-time, avoiding grim consequences. We’re delighted to work with Credex, a business that also prioritizes convenience and security.” — commented Domantas Ciulde, the CEO of iDenfy.

iDenfy joins RBFC Global

iDenfy joins RBFC Global

The digital identity verification and fraud prevention company from Lithuania, iDenfy, partnered with RBFC Global, the online payment and global currency exchange business. iDenfy’s swift, automated identity verification detects fake identities and stops fraudulent transactions on the payment institute’s network.

The increasing scale of identity theft in the financial sector has pushed companies to strengthen their security systems. In many cases, the efforts go to implementing full-stack identity verification services to verify newly registered clients and protect existing ones. Verifying genuine customers through ID verification also means that the company complies with regulations such as Know Your Customer (KYC) and Anti-Money Laundering (AML). According to a recent report by Zippia, 41% of financial institutions are inadequate to meet AML compliance, which makes them exposed to more risks. As a solution, fraud prevention specialists recommend continually looking out for suspicious activities via automated fraud prevention measures. However, businesses also consider the customer experience and the expectation for easy, quick, and secure services. If the identity verification takes too many steps, customers tend to abandon the platform despite the company’s efforts to prevent fraud. RBFC Global’s goal is to provide safe money transfers, prevent fraud and deliver a smooth customer experience. That’s why the licensed payment institute from New Zealand searched for a balanced solution and found iDenfy’s user-friendly authentication service. RBFC Global offers online financial services such as remittance and currency exchange to a wide variety of private and institutional customers. According to the enterprise, since they don’t engage

in face-to-face interactions like in traditional banking, it’s important for them to have a supporting platform that can safely identify the customers remotely.

iDenfy specializes in fraud prevention services, helping businesses detect suspicious transactions faster due to the help of artificial intelligence. The company is best known for its online identity verification solution. Each identity document is reviewed in real-time, completely eradicating the chances of card fraud. iDenfy’s whole process is backed up with human supervision to improve the number of successful verifications.

Notaries At Large choose iDenfy

Notaries At Large choose iDenfy

iDenfy, the global fraud prevention platform, announced its partnership with Notaries At Large, a business that verifies the identity of individuals signing legally binding documents for outside parties. iDenfy will add an extra layer of security to its partners’ services with its digital identity verification.

Notaries protect the public against identity theft. Despite that, practice shows a slightly different reality where con artists succeed at committing multiple crimes. Identity Theft Resource Center’s 2021 annual data breach report has set a new record for compromised identities, showing a 23% increase compared to the year before in various sectors. This goes to show the importance of security measures. According to Notaries At Large, the e-Notary solution with over 20 years of experience, the first step to battle falsified identities is to be aware of the threats. The company searched for extra fraud prevention services and chose iDenfy’s identity verification.

Notaries At Large ensures that all signatures are adequately secured and that their clients sign the documents safely, with full knowledge and intent. As per the e-notary, their digital signature is often the only acceptable verification of the intent of a signer. That’s why Notaries At Large feels responsible for providing secure service, explaining that documents can impact lives and financial decisions.

iDenfy understands the importance of security and its partner’s role in the virtual business environment. The fraud prevention specialists provide automated identity verification service and the needed confidence to their partner, ensuring that the person signing the document

is who they say they are. According to iDenfy, its verification solution improves operational efficiency without increasing investment in infrastructure.

With the help of artificial intelligence, iDenfy’s full-stack identity verification is completed in less than a minute. The procedure ensures compliance with multiple global regulatory frameworks. According to Notaries At Large, iDenfy’s biometric confirmation and ability to validate IDs online made it possible for them to perform an online notarization since the pandemic made in-person meetings such a high-risk endeavor.

“We’re excited to start a new chapter with iDenfy. We’ve looked for low-friction engagement mechanisms that are safe and user-friendly. At the moment, our signing process is completely fraud-proof. iDenfy helped us ensure that the identity recognition process would be exceptionally smooth.” – expressed Juanita M. Little-Lyons, the owner of Notaries At Large.

Domantas Ciulde, the CEO of iDenfy, commented, “When criminals gain access to personal information, the consequences can be devastating. I’m glad that our partner prioritizes ensuring that all of the clients’ data is protected by a multi-layer security system and that we can contribute to it with our secure identity verification software.”

iDenfy teams up with Confirmo

iDenfy teams up with Confirmo

iDenfy, a fraud prevention and identity verification business, teams up with Confirmo, the blockchain payment solution provider. iDenfy’s verification service will assess the risks by welcoming valid customers to Confirmo’s network. 

During the past few years, the digital sphere was heavily influenced by bad actors. Hackers continue to exploit the pandemic in 2022. Remote and hybrid work structures created new opportunities for scammers to strike in the public and private sectors. The emerging segment of the blockchain niche isn’t an exception. According to CNBC, scammers set a record of $14 billion in cryptocurrency last year, and losses from blockchain-related crime rose 79% from 2020; therefore, many believe that every business is exposed to cybersecurity threats. 

The rising numbers motivated Confirmo to look for new, innovative fraud prevention solutions. That’s when the company chose iDenfy’s automated identity verification solution as an extra step in the battle against fraud. Confirmo operates a European cryptocurrency payment gateway and is best known for its crypto exchange project Coinmate. The e-commerce blockchain payments platform ensures safe transactions by providing user-friendly options to make fast purchases in crypto. According to the enterprise, the mission is to educate ordinary internet users about blockchain, making secure trades accessible in local currency.

The new challenges of cybersecurity push iDenfy to create advanced solutions and safeguard businesses from data breaches, identity theft, or money laundering activities. The fraud prevention enterprise’s digital identity verification will assist its partners in terms of security – the newly implemented solution will automatically scan personal documents, detect fraud patterns and any inconsistencies. iDenfy is one of the few companies in the market that guarantees accurate results not only with AI-powered algorithms but also with a real, in-house team of experts.

The company also provides a customized and flexible experience. If preferred, companies can add extra fraud prevention solutions along with the identity verification service. According to Confirmo, it already improved customer onboarding, as iDenfy carries out the whole administration process and ensures its customers’ security. As one of the other benefits, Confirmo also explained that the verification process with iDenfy is now provided in different local languages, which makes the process easier for its customers, adding that “It was an advantage that no other service provided.”

We’re delighted to work with iDenfy. Previously, we struggled with a longer identity verification process. I’m glad that due to this partnership, the service now is user-friendly and offers a higher proportion of successfully completed verifications.” stated Dan Houska, CEO of Confirmo.

This partnership is another step towards a safer digital experience. We’re proud to partner with Confirmo, a great, responsible enterprise that prioritizes security and cares about the future of its customers.” – said Domantas Ciulde, the CEO of iDenfy.

iDenfy teams up with Confirmo

Paynovate partners with iDenfy

iDenfy, identity verification, fraud prevention and compliance platform, has joined forces with Paynovate, a Belgian e-money institution licensed by the National Bank of Belgium. The newly implemented identity verification aims to speed up and simplify the registration process for new customers. 

Financial transactions come with risks, especially in the rapidly changing technological environment. Without ample security measures, companies leave an open door for fraudsters to strike and gain valuable information. Today, credit card fraud remains at the top of the fraudsters’ list. As per the Nilson Report, this form of identity theft is expected to reach $12.5 billion in card fraud losses in the US by 2025. Even minor changes, such as small, unrecognizable charges in a bank statement, are a red flag and a sign that someone is testing the card prior to a major purchase. 

Understanding the dangers behind such risks in the e-payment solution business, Paynovate concentrates on maintaining an effective security system. Paynovate offers their customers secure prepaid cards and easy card integrations for debit, credit, and corporate needs. Their goal: lowering the stress and costs for proper expense management. This responsibility, and the aim to protect customers’ data, motivated Paynovate to contract a  reliable identity verification solution and led to their relationship with iDenfy. 

The numbers of online crimes skyrocketed during the uneasy times of the pandemic as many businesses quickly adapted to a digital-first model with little previous experience in the sphere. iDenfy helps companies to adapt to this challenging new field, and battle fraudsters online; iDenfy specializes in cybersecurity and provides a secure online identity verification service with the chance to implement additional tools to prevent fraud. By covering various document types from 200 countries, the 2020 FinTech Startup of the Year ensures accuracy and uses artificial intelligence combined with human supervision. This way, the verification process doesn’t allow suspicious users with forged documents to slip through.

These beneficial technical aspects, as well as the ‘pay-per-successful-verification-only’ business model, fulfilled Paynovate’s needs, leading the company to form a partnership with iDenfy’sfull-stack identity verification service providers. According to Paynovate, with the new ID Verification, the company no longer needs to worry about fulfilling Regulatory Compliance requirements on their own. Due to this partnership, Paynovate reached its goal to minimize user onboarding costs and speed up their user registration and verification process. 

According to the CEO of iDenfy, Domantas Ciulde, “The digital life of a company can be disrupted very easily. Card fraud and identity theft are common crimes, but due to artificial intelligence and technology in general, such risks can be managed properly. Our partnership with Paynovate overcomes such dangers, and we’re happy to help secure the company’s data with a safe ID verification process.” 

iDenfy partners with CyberstarPay

iDenfy partners with CyberstarPay

iDenfy, the fraud prevention startup from Lithuania, is partnering with CyberstarPay, the instant global payment solution provider. iDenfy’s digital identity verification solution will scan CyberstarPay customers’ documents to ensure security following regulations.

Digital payments are the new norm for today’s users due to their convenience and speed. Nowadays, many use online transactions to shop around the globe effortlessly. Despite that, the digital evolution and cashless transactions brought new challenges. According to Fintech Global, online card fraud has increased by 23% last year. Since more people use digital payments, e-commerce and online payment fraud remain the most common fraudulent activities in 2022. Cybercriminals are getting more sophisticated by perfecting their scamming techniques; therefore, experts advise businesses to stay vigilant and use safe fraud prevention tools, such as identity verification.

CyberstarPay is up to speed on illegal online transactions and the dangers behind them, ensuring that its goal is to protect the customers from loss of money or sensitive data. The company delivers online payment solutions as an alternative to traditional banking. Fully licensed and regulated by the Czech National Bank, the e-payments business also provides virtual card, private and corporate bank account services. The company’s priority is safe, swift, ethical online transactions. The payments hub doesn’t support payments related to weapons trade, gambling, adult entertainment, or financial intermediaries; therefore, when searching for new ways to maximize security, CyberstarPay looked for business partners that would be on the same path value-wise.

Its new partners, iDenfy, share the same goal in terms of prioritizing security. The company strives to protect companies’ brands by securing the customers’ assets via its fraud prevention services. CyberstayPay chose to implement its identity verification solution, which ensures compliance and a safe customer experience. The verification software analyzes more than 1500 variations of government-issued identity documents worldwide using artificial intelligence, making the automated process more effective. The business backs up its engine with real human supervision for complete assurance, reaching 98.4% accuracy. The high success rates, efficiency, and user-friendly onboarding process motivated CyberstayPay to seal this deal.

We’re glad to form this partnership with iDenfy. It’s not arguable that preventing fraud is vital, especially in the large-scale landscape of online transactions. Our partners are experts in digital identity, and we trust them in making our platform a safer space for every user. More importantly, we’ll achieve our goal to onboard our clients safely and more efficiently now.” – said Gabriela Trojnová, managing director of CyberstarPay.

Even today, high-end businesses struggle with harsh non-compliance fines. At iDenfy, our goal is to expand our digital footprint and raise awareness regarding the importance of fraud prevention. We’re constantly updating our AI-powered identity verification solution to ensure the growing need for trust online. We’re excited that CyberstarPay contributes to this mission by believing in our services.” – expressed Domantas Ciulde, the CEO of iDenfy.

iDenfy incorporates Anti-Money Laundering Screening

iDenfy incorporates Anti-Money Laundering Screening

iDenfy, identity verification and fraud prevention company based in Lithuania, has introduced a newly-designed method for risk assessment that notifies when any Anti-Money Laundering (AML) risk database hit occurs during the identity verification process.

With the idea to minimize fines, branch out to wider spheres and make compliance simple, iDenfy introduced Anti-Money Laundering (AML) checks for companies. According to the identity verification and compliance company, its service is designed to maximize security for those who want to make sure that they are partnering up with a transparent, professional organization.

In today’s worldwide scene of complex financial crimes, for many, the goal is to establish efficient security measures for various industries. A recent “Global: 2021/2022 Digital Transformation and Cloud” survey shows that cross-border regulation, tax, cybersecurity, and governance remain top-of-mind issues for digital transformation. iDenfy’s CEO, Domantas Ciulde, agrees with this proactive approach adding that “The goal is to establish efficient security measures for various industries.”

iDenfy’s risk database covers Politically Exposed Persons (PEPs) information, international sanctions, and law enforcement watchlists, such as Interpol, World Bank, FBI, Europol: Europe Most Wanted, alongside reviewing negative media.

For instance, a “PEP” is a person with a prominent public position that automatically makes them susceptible to corruption, bribery, or similar money laundering crimes. Companies need to be careful, as such people carry a high-risk profile. Since not one, but multiple databases are used for iDenfy’s screening, false positives are reduced.

The company’s new automated AML Screening provides the needed information and scans entities in seconds. Compared to paper-like traditional banking methods, according to iDenfy, these results are granted due to advanced data and analytics techniques used in iDenfy’s software, such as artificial intelligence. As iDenfy’s Chief Business Development Officer, Darius Sulte states, the latest database screening option is the needed extra precaution that shows more accurate results along with the potential customer risk level.

Due to constantly changing compliance regulations, iDenfy’s new approach suggests protecting businesses from fraudulent activity – to monitor the data lists daily. According to Domantas Ciulde, monitoring allows an organization to maintain a high, consistent reputation proactively.

Conducting in-depth background screening of Sanctions and watch list checks helps understand the risk around potential customers or investors. Since new regulations are frequently published, and news about political figures are constantly updated in the media, iDenfy automated Ongoing Monitoring approach ensures efficiency. Simply put, it’s impossible to follow the news in every media source manually, eventually leading companies to waste time sources.

United Nations was the first to introduce a global measure to tackle one of these problems – money laundering – with the presentation of the UN Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances in 1988. The issue remains relevant to this day, and according to iDenfy, it’s no longer an arguable subject, but a matter of action, where meeting compliance obligations is a must. “Scaling your business is vital. Having proper tools that ensure security instantly and automatically should be at the top of your company’s priority list. Monitoring the data daily is essential to detect risky customers or partners at the correct time. Screening during onboarding is not enough since costumes can become risky afterward.” – expressed Domantas Ciulde.

iDenfy incorporates Anti-Money Laundering Screening and Ongoing Monitoring

iDenfy incorporates Anti-Money Laundering Screening and Ongoing Monitoring

iDenfy, identity verification and fraud prevention company based in Lithuania, has introduced a newly-designed method for risk assessment that notifies when any Anti-Money Laundering (AML) risk database hit occurs during the identity verification process.

With the idea to minimize fines, branch out to wider spheres and make compliance simple, iDenfy introduced Anti-Money Laundering (AML) checks for companies. According to the identity verification and compliance company, its service is designed to maximize security for those who want to make sure that they are partnering up with a transparent, professional organization.

In today’s worldwide scene of complex financial crimes, for many, the goal is to establish efficient security measures for various industries. A recent “Global: 2021/2022 Digital Transformation and Cloud” survey shows that cross-border regulation, tax, cybersecurity, and governance remain top-of-mind issues for digital transformation. iDenfy’s CEO, Domantas Ciulde, agrees with this proactive approach adding that “The goal is to establish efficient security measures for various industries.”

iDenfy’s risk database covers Politically Exposed Persons (PEPs) information, international sanctions, and law enforcement watchlists, such as Interpol, World Bank, FBI, Europol: Europe Most Wanted, alongside reviewing negative media. For instance, a “PEP” is a person with a prominent public position that automatically makes them susceptible to corruption, bribery, or similar money laundering crimes. Companies need to be careful, as such people carry a high-risk profile.

Since not one, but multiple databases are used for iDenfy’s screening, false positives are reduced. The company’s new automated AML Screening provides the needed information and scans entities in seconds. Compared to paper-like traditional banking methods, according to iDenfy, these results are granted due to advanced data and analytics techniques used in iDenfy’s software, such as artificial intelligence. As iDenfy’s Chief Business Development Officer, Darius Sulte states, the latest database screening option is the needed extra precaution that shows more accurate results along with the potential customer risk level.

Due to constantly changing compliance regulations, iDenfy’s new approach suggests protecting businesses from fraudulent activity – to monitor the data lists daily. According to Domantas Ciulde, monitoring allows an organization to maintain a high, consistent reputation proactively. Conducting in-depth background screening of Sanctions and watch list checks helps understand the risk around potential customers or investors.

Since new regulations are frequently published, and news about political figures are constantly updated in the media, iDenfy automated Ongoing Monitoring approach ensures efficiency. Simply put, it’s impossible to follow the news in every media source manually, eventually leading companies to waste time sources.

United Nations was the first to introduce a global measure to tackle one of these problems – money laundering – with the presentation of the UN Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances in 1988. The issue remains relevant to this day, and according to iDenfy, it’s no longer an arguable subject, but a matter of action, where meeting compliance obligations is a must.

“Scaling your business is vital. Having proper tools that ensure security instantly and automatically should be at the top of your company’s priority list. Monitoring the data daily is essential to detect risky customers or partners at the correct time. Screening during onboarding is not enough since costumes can become risky afterward.” – expressed Domantas Ciulde.

iDenfy partners with European Merchant Bank

iDenfy partners with European Merchant Bank

Lithuania-based fintech startup iDenfy partners with European Merchant Bank, a dynamic digital bank licensed by the European Central Bank.

The opportunities today are vastly different than just decades ago. The technological development we have achieved has paved the way for various industries to grow at a pace never seen before. Additionally, the transition to cyberspace influenced by both the rapid development and COVID pandemic has made it possible for businesses to operate fully remotely. A lack of office space is no longer an issue when working from home became the new norm. At the same time, the demand for various digital services allows many startups to start from scratch without any physical products at their disposal. 

However, innovations rarely come hassle-free, and this case is not different. Unfortunately, we do not live in a perfect society. Those with their selfish interests in mind will always look for ways to expose the weaknesses present for their personal gain. Fraudsters exist as long as humans do, and it’s unreasonable to expect the situation to change as we move forward. As the technology progresses, fraudsters use it to enhance their methods and attempt criminal activities more often. The rise of digital service usage due to COVID has also made it even worse. 

For example, in 2020, iDenfy registered a 2 % increase in the attempts to use fake personal ID documents for registration. The company also saw a huge rise in AI technology when attempting fraud. So-called „deepfakes“, designed to create life-like images and videos of any person, made up a little over 6 percent of all identifications in 2020, compared to just 0.5 per cent in 2019. 

Luckily, the tools at iDenfy’s disposal are safe and reliable, making such fraud attempts fall short when faced with the company’s identity verification solution. Upon realizing just how much the company’s services are needed in the market today, iDenfy established a mission to make identity verification and fraud prevention tools easily accessible to as many businesses as possible. 

Since its beginning in 2017, iDenfy has made over 300 partners in various industries worldwide and has become an experienced competitor in the identity verification and fraud prevention market. It was one of the key factors for European Merchant Bank, a digital bank licensed by the European Central Bank, to recognize the company as a potential partner to deal with the issues it faces in today’s banking environment. With iDenfy’s services, EMBank will ensure safety, security, and regulatory compliance at the highest level while maintaining a fast and user-friendly client experience.

“The importance of remote verification systems in today’s business models are increasing day by day. We believe that we made the right decision by choosing IDenfy as a business partner with its meticulous and safe business approach. We are confident that our business relationship will continue to develop further.” said Sarp Demiray, CEO of European Merchant Bank

“We are very glad to announce a partnership with European Merchant Bank. The core values they hold – transparency, innovation, cooperation, and trust – resonate very well with our mission as a company. I can predict a long-lasting relationship,” said Domantas Ciulde, CEO of iDenfy.

iDenfy introduces phone verification service

iDenfy introduces phone verification service

iDenfy, a company providing identity verification and fraud detection services, launches an enhanced version of phone verification.

Over the years, institutions and governments worldwide recognized the importance of Know Your Customer (KYC) initiatives to fight fraud effectively. Certain factors can help evaluate the risk associated with each client and take the necessary actions outlined in the Customer Due Diligence (CDD) guidelines.

While verifying the customer’s Personally Identifiable Information (PII) is pretty straightforward according to iDenfy, verifying the phone number is a bit trickier.

“Many people value their privacy above all and will resort to certain methods to bypass the process. Using a made-up number, a “burner phone,” or making use of temporary phone numbers issued by specific websites are among the most popular” Domantas Ciulde, CEO of iDenfy, reflects on the issue.

According to the company, fraudsters know and love these methods. They will never use their actual phone number and will abuse every security gap they can – and there are many more gaps today due to the COVID-19 pandemic. As Israel Aloni, Cyber Security Director at KPMG, put it, “Fraudsters never waste a good crisis.”

Not only is phone number a crucial part of KYC, but many industries also rely on it to communicate with their customers about their newest products, policy changes, etc. If the number is not valid, that’s time and resources wasted, in addition to crucial information not making its way to the client.

iDenfy’s phone verification solution tackles these issues by thoroughly analyzing the data provided by the customer. With a quick API call, iDenfy will deliver crucial information to help assess the risk associated with the phone number and recommend actions. The data will include customer location, roaming country, current network, availability, validity, phone contract details. According to the company, it’s a great way to mitigate the risk of fraud – especially now that digital services and remote operations are the new norms.

Companies can use iDenfy’s phone verification product to double-check their customers by sending them a one-time password or “text to speech” message. It can be used both as an additional fraud prevention tool and as part of the secure onboarding process.

“Phone verification is not new in the market. Many industries use the system to confirm the numbers of their clients and establish a medium for communication. However, our product stands out in its ability to thoroughly analyze the phone number provided and assess the risk associated with it. It’s a flexible tool, as companies can decide for themselves what to do with the information they’ll receive. As face-to-face interactions are much rarer today than in the pre-COVID-19 times, businesses should utilize every tool available to ensure security and transparency,” says Domantas Ciulde.

Pure M Global choose iDenfy for real-time identity verification

Pure M Global choose iDenfy for real-time identity verification

Investment company, Pure M Global, chooses ID verification service provider, iDenfy, to comply with KYC & AML regulations.

Convenient as it is, living in the digital world has its flaws. Cyber security, for one, is now more crucial than ever – both to meet regulations and protect against fraudulent actors.

Data security was the number one priority for Pure M Global, a group of companies working in the forex, crypto exchange, and investment industry. It recognized the importance of safety and security in cyberspace, which has led the platform to seek a partner that could assist the company in this regard. 

Joining forces with iDenfy, a company offering a safe and reliable identity verification method, proved to be sufficient – both companies share the priority of safety and security for their clients, and the customer onboarding process is now more secure and faster than ever.

Due to the partnership, the clients of Pure M Global can now feel safe in their transactions and enjoy efficient and reliable services. The company prides itself in a new way of trading, outlined by low market spreads and no requotes, real Straight Through Processing (STP) and Direct Market Access (DMA). In addition, the company will also be provided with a reliable method to perform CDD, resulting in enchanted detection and prevention of fraud.

“We are glad to have chosen iDenfy as our partner. Using their system made customer onboarding faster and more reliable. With fraud prevalent as it is, having an extra layer of protection is also crucial. And iDenfy has proven that it can deliver what we seek for and more,” said the CEO of Pure M Global.

“We look forward to working with Pure M Global that is maintaining high internal and external compliance standards, regardless of any outside regulators. Taking an extra step for safety and security is something we share. Thus, working together will be a delightful experience for both of us. We will do our best to keep Pure M Global and their clients satisfied,” said Domantas Ciulde, CEO of iDenfy.