Kaunas, Lithuania – July 28, 2021 – The leading Lithuanian identity verification service provider, iDenfy, and Polish fintech and banking software solutions provider, Paymento Financial SA, collaborates to enhance the security of Paymento services and customer satisfaction. The identity verification service also enables swift and error-free extraction of KYC (Know Your Customer) details.
Paymento Financial SA chose iDenfy due to positive traits such as the identity verification service’s quality, confidentiality, reliability, ability to integrate seamlessly, and especially the AI and biometric technologies used to verify customer identities. Andrzej Poniński, CEO of Paymento Financial SA, added, “Since our launch, we strive to provide banks and financial institutions with a product to help them enter the payment business. It requires a smooth and automated verification process, which the iDenfy software provides. Thanks to this innovative software, we will be able to enhance our customer experience and streamline the process of onboarding new customers.”
The iDenfy manual human verification team that works around the clock emphasizes the importance given by the company towards maintaining accuracy and fraud detection. iDenfy CEO Domantas Ciulde, added, “We are pleased to be partnering with Paymento Financial SA. Their wide range of FinTech solutions are designed for the modern world of e-commerce, which makes identity verification a crucial aspect in keeping fraudulent activity to a minimum. Our software will help them to undertake these check-ins real-time, improving both security and overall customer experience.”
iDenfy identity verification could expedite the customer onboarding process exponentially with a high rate of accuracy. The identity verification service accepts 1500+ documents from 200+ countries ensuring Paymento Financial SA could serve a diversified global clientele. The company could also save up to 40% in the process. A customer could submit biometrics and ID details in 4 simple steps – select a country from the list, select the ID document type, capture a front image of the ID, and snap a clear selfie. Within a mere 0.02 seconds, iDenfy will extract the required details from the ID, where the facial recognition service will make sure all anomalies are detected within 0.05 seconds with a 98.4% success rate. Captured details will be subjected to a rigorous verification test and analysis process to detect fraud, inconsistencies, spoofing, and montage. Each new customer will also get cross-checked against the Interpol, government, lost document, and politically exposed persons databases, which helps to ensure the fintech and banking services of Paymento Financial SA are not utilized for money laundering or any other criminal activities.
iDenfy provides online identity verification services for the financial, sharing-economy, and gaming industries. 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.