iDenfy, the end-to-end identity verification, compliance, and fraud prevention startup, announced a new partnership with AMLYZE, the SaaS Anti-Financial Crime solutions provider, helping small and medium-sized enterprises counter financial crime. Mutual growth is made possible by the referral agreement which AMLYZE and iDenfy signed.iDenfy’s Referral Agreement helps its partners earn commissions while developing better client relationships. By delivering well-tested identity verification and financial crime prevention software, AMLYZE will help increase its partner list and enable other businesses to achieve compliance across sectors. Similar to iDenfy, AMLYZE offers a suite of Software-as-a-Service (SaaS) solutions for combating financial crime, comprising of multiple modules for real-time and retrospective transaction monitoring, client risk scoring, case management, and sanctions screening. The technical, regulatory, product and supervisory expertise of AMLYZE’s professionals has been combined to enable its clients to expand their operations while guaranteeing that their risk exposure is effectively reduced.
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After recently revamping its partner program, iDenfy believes that the Referral Agreement is appropriate for other fraud prevention organizations or independent consultants who have the same goal to ensure security and compliance with the use of cutting-edge technology. As a result, iDenfy will work with AMLYZE and contribute its extensive industry knowledge. The agreement will benefit both firms by helping them grow their client base. According to iDenfy, partnerships like these are vital for the firm. They provide a broader platform to demonstrate their expertise and offer clients a more comprehensive range of services. For this reason, the collaboration with AMLYZE will bring in new opportunities for growth and help iDenfy keep ahead of the competition in the AI-powered identity verification and fraud protection service industry. AMLYZE acknowledges the advantages of this alliance. According to the organization, Know Your Customer (KYC) and Know Your Business (KYB) are key parts of successful customer onboarding for any financial institution and AMLYZE’s customers. iDenfy offers both, improving compliance processes. Because of this, AMLYZE believes that there are natural synergies between these two enterprises.
According to AMLYZE, the collaboration with iDenfy will be the next step to deliver tangible benefits to financial sector participants searching for harmonized solutions from a single source:
“We can now offer KYC/KYB solutions on top of our product for customers interested in fully integrated AML/CFT solutions. In addition, the partnership allows us to offer additional value, such as automated ongoing due diligence and perpetual KYC,” Jekaterina Govina, Head of Partnerships & Regulatory Affairs and one of the Co- Founders of AMLYZE.
Domantas Ciulde, the CEO of iDenfy, added: “Our collaborative partnership initiative is designed to foster mutually beneficial relationships between our startup and like-minded businesses. Together with AMLYZE, we’ll exchange ideas, resources, and expertise to drive growth and success more efficiently.”
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