Kaunas, Lithuania – June 30, 2021 – Clearshift today announced it has selected iDenfy to provide convenient, compliant, digital identity verification to its online platform. The Clearshift Group began its operations in 2012. In 2020 Clearshift Group became a fully licensed electronic money institution by Lithuania. The goal of the Clearshift Group is to bring low cost, transparency, and simplicity to currency exchange along with low fee international transfer solutions.
Clearshift has selected iDenfy to provide its remote identity verification services as well as the highest standard of anti-money laundering compliance. As a recognized licensed bank operating in European, the US, and Israeli markets due to diligence KYC utmost importance. The iDenfy system will enable Clearshift to comply with national and international laws, regulations, and policies which govern money transfer and currency exchanges.
Vytenis Pinaitis, Deputy Chief Executive Officer at Clearshift, commented on the iDenfy partnership, “We believe that the partnership with IDenfy will make onboarding simpler and more convenient. We also believe that IDenfy will increase our onboarding success rate while increasing our customers’ trust in technology. The iDenfy partnership means that Clearshift will be able to facilitate, simplify identification verification for our Clients while reducing fraud. Using IDenfy is a win-win from both a regulatory and customer satisfaction perspective.”
iDenfy based in Lithuania has developed an AI protocol that enables identity verification with any web-enabled device with camera-ready capabilities. Along with the AI, facial recognition processes the proprietary iDenfy system accesses hundreds of national and international law enforcement and regulatory agency databases to flag known criminals, money launderers, and suspicious activities. Overseeing the digital identity verification processes at iDenfy, partners are also served by 24/7 human supervision who can provide immediate assistance.
Constantly evolving and seamlessly integrating new databases and protocols iDenfy is committed to utilizing the most innovative encryption methods available. The iDenfy software engineers, coders, and network developers are always researching new additions and capabilities to improve speed and performance for partners and their clients. Staying ahead of the curve in the latest enhancements in digital identification documents, iDenfy has recently added the ability to verify NFC (near field communications) chips embedded in the latest government-issued passports and other documents.
iDenfy CEO Domantas Ciulde welcomed Clearshift as its latest partner with these words, “Clearshift dedicated to offering transparency in digital transactions is a welcome partner for iDenfy. The two companies share the same values of providing clients with the highest standards of service at nominal fees with reliability and transparency. We look forward to a long, prosperous, and evolving partnership with Clearshift that will take us to the next innovations of technology.”
iDenfy provides online identity verification services for financial, sharing-economy, gaming industries. The Lithuanian startup company was founded in 2017 at Kaunas University Technology Park by two childhood friends – Domantas Ciulde and Gediminas Ratkevicius. iDenfy was awarded “Startup of Lithuania” in 2018. In 2019 became ‘Startup of the Kaunas City’ and in 2020 won the ‘Fintech Startup Of The Year Award’.
For more information and business inquiries, please visit www.idenfy.com.