IDfy, an identity verification and fraud detection platform in India, has successfully completed its SOC 2 Type II attestation, reinforcing its commitment to data security, privacy, and operational excellence. This achievement follows the company’s significant growth since its 2019 acquisition by Signicat, a Norwegian digital identity solutions provider.
The SOC 2 Type II attestation was awarded after an extensive independent audit, validating the company’s adherence to stringent criteria in managing customer data with utmost confidentiality and integrity. This certification demonstrates IDfy’s robust internal controls and systems to ensure compliance with trust principles, including security, availability, processing integrity, confidentiality, and privacy.
Ashish Sahni, Chief Technology Officer at IDfy, emphasized the importance of this milestone: “In an era where data security is paramount, achieving SOC 2 Type II attestation is a testament to IDfy’s unwavering commitment to protecting sensitive information. This milestone strengthens the trust our clients and partners place in us, as we continue to lead innovation in identity verification and fraud prevention with the highest levels of security and reliability.”
The certification comes at a crucial time when India is experiencing significant digital transformation in identity verification services, as evidenced by the recent expansion of major identity verification providers into the market. IDfy joins other industry leaders like iDenfy and Anonybit in achieving this important security milestone.
IDfy provides AI-driven solutions to enterprises across various industries, including banking, fintech, insurance, telecom, and e-commerce. The company’s technology helps businesses automate identity verification, prevent fraud, and comply with regulatory requirements. With over 12 years of experience and processing 2 million verifications per day, IDfy has established itself as an important player in the field.
The SOC 2 Type II attestation is particularly significant as IDfy continues to support organizations in India and abroad in navigating evolving data protection regulations and mitigating the rising risks of fraud in digital ecosystems. This certification further strengthens IDfy’s position as a preferred partner for global and local enterprises seeking secure and efficient solutions for identity verification and fraud prevention.
Sources: PR Newswire, Getastra, ANI News
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March 1, 2025 – by the ID Tech Editorial Team
