iDenfy Extends Reach in Crypto Market with GlolinkOTC Partnership

iDenfy has announced a partnership with GlolinkOTC, a Czech-based fiat-to-crypto exchange platform. The collaboration aims to integrate iDenfy’s suite of identity verification and compliance tools into GlolinkOTC’s platform, providing a more secure and efficient onboarding experience for its users.

The integration will allow GlolinkOTC to implement advanced KYC and AML protocols, including real-time AML screening, politically exposed persons (PEP) and sanctions checks, and adverse media monitoring. The features are designed to meet evolving regulatory requirements and address risks associated with fraud and illicit activities.

GlolinkOTC serves users looking to exchange fiat currency for digital assets and is connected with major platforms such as Binance, OKX, and Kucoin. With iDenfy’s tools, the exchange aims to bolster its security framework without sacrificing user convenience.

iDenfy has formed several key partnerships within the cryptocurrency sector to enhance KYC and AML compliance. In addition to its collaboration with GlolinkOTC, the Lithuania-based firm has partnered with platforms such as Bitlocus, CoinSniper, Mountain Wolf, and P100.

iDenfy’s platform includes facial recognition and face authentication services, using AI-driven facial recognition to match a customer’s live selfie with their ID document photo. This process includes built-in liveness detection, which ensures that the facial image is from a live person, effectively reducing the risk of fraud during onboarding and other customer interactions.

iDenfy has also implemented an NFC tool that can read biometric data from ePassports and smart ID cards, allowing for data verification against a live facial scan.

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October 14, 2024 – by Ali Nassar-Smith

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