eCompliance Adopts iDenfy’s Remote Onboarding Technology

iDenfy continues to add new customers to its client roster. The latest addition is eCompliance Ltd., which is itself a subsidiary of Platforma365. eCompliance Ltd. was set up to provide identity verification services for financial institutions and other corporate entities that need to comply with strict Know Your Customer (KYC) regulations.

The partnership with iDenfy will allow eCompliance to offer those services remotely. iDenfy’s platform uses document recognition to confirm the authenticity of an ID, and pairs it with facial recognition to match that document to its owner. The utility will make eCompliance more convenient (and more appealing) to its own end users, since people will not need to meet face-to-face in order to achieve KYC compliance.

In eCompliance’s case, biometric identity verification will help prevent money laundering. The company’s clientele includes corporate lawyers, real estate agents, and cryptocurrency exchanges, all of which are avenues through which terrorists have attempted to move funds in the past. iDenfy’s tech will help organizations vet their customers and mitigate risk before entering into a more serious business arrangement.

“iDenfy is delighted to have the opportunity to work with eCompliance in the field of identity verification,” said iDenfy CEO Domantas Ciulde. “We expect this decision to give both eCompliance and its customers a competitive edge during their digital transformations.”

“We are honored to partner with iDenfy to better serve our clients,” added eCompliance CEO Koichi Murayama. “We will now have the opportunity to effectively transition our clients into the digital era of remote verification and identification.”

eCompliance customers will be able to access and order KYC tools through a centralized account dashboard. iDenfy has previously provided onboarding technology for multiple financial institutions, including the Impily and Emirex cryptocurrency exchanges. The Polish FinTech provider Paymento Financial SA has also partnered with iDenfy to offer face-based identity verification services to other organizations.

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July 28, 2021 – by Eric Weiss