iDenfy Opens Delaware Office to Strengthen US Presence

iDenfy, a Lithuania-based provider of compliance-focused technology solutions, has opened a new office in Delaware as part of its efforts to expand its operations in the United States. The company, which has developed proprietary AI-powered identity verification platforms since its founding in 2017, specializes in tools for Know Your Customer (KYC), Anti-Money Laundering (AML), and Know Your Business (KYB) processes. This expansion comes as U.S. regulators have increased scrutiny of digital identity verification requirements, particularly in sectors like financial services and cryptocurrency trading.

The Delaware office marks a significant milestone in iDenfy’s expansion efforts since its founding in Kaunas, Lithuania. According to CEO and Co-Founder Domantas Ciulde, “The opening of the Delaware office allows us to more effectively meet these legal requirements and, more importantly, build strong long-term relationships with our partners in the US.” The company plans to hire compliance and partnership specialists in the region, aiming to further localize its operations and enhance its ability to meet regulatory demands.

The expansion comes as iDenfy’s services, including its multi-layered identity verification and risk assessment tools, are gaining traction in the US market. The company’s technology combines facial biometric analysis, document verification, and liveness detection with customizable risk scoring algorithms. This comprehensive approach has become particularly relevant as states implement stricter regulations, such as mandatory age verification for specific services. The company’s AI-driven solutions incorporate advanced presentation attack detection (PAD) and are compliant with NIST standards for identity assurance.

This development follows iDenfy’s recent technological advances, including the launch of its automated KYB verification system and data cross-matching tool in November 2024. These solutions leverage artificial intelligence to streamline business onboarding processes by accessing global corporate registries and regulatory databases while integrating with existing compliance systems. The company has also strengthened its position in the digital assets sector through a partnership with cryptocurrency exchange platform GlolinkOTC, where it provides enhanced due diligence and fraud prevention capabilities.

The new office is also part of iDenfy’s broader strategy to maintain its commitment to transparency and innovation in the identity verification sector. The company’s in-house development model, which includes a dedicated team of AI researchers and biometric specialists, has been crucial in developing proprietary algorithms for document authentication and facial recognition. This approach, as emphasized by Domantas Ciulde, ensures iDenfy can rapidly adapt its technology stack to meet evolving regulatory requirements and emerging security threats while maintaining control over its intellectual property.

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November 29, 2024 – by Ali Nassar-Smith