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KYC Compliance For Specialized Bank By Startups

After receiving the first ever issued EU specialized banking license, the Lithuanian boutique bank is in its hypergrowth stage.

As guaranteed by, prior to taking care of business with iDenfy, the objective was to proceed to give the accommodation of use without settling for less on the experience for its developing client base. By collaborating with iDenfy, the bank needed to facilitate the marking up process. Right now, iDenfy’s simulated intelligence controlled four-step character confirmation arrangement makes a difference
keep a smooth onboarding process while guaranteeing consistence with KYC/AML guidelines, which is one more need for

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As of now, iDenfy’s product naturally checks in the event that the individual’s archive is real by separating data and contrasting the information and the onboarding selfie. Progressed biometrics and liveness location examine the client’s three-layered face map, along these lines, keeping fraudsters from passing the confirmation utilizing counterfeit pictures, face covers, or deepfakes. For complete precision, iDenfy’s KYC specialists physically check confirmation results, guaranteeing that fraudsters are gotten rid of. The organization with iDenfy empowered to continue with completely mechanized personality checks, helping save costs on other business activities. Subsequently, iDenfy’s answer assists the save money with securing new clients quicker than expected, emphatically affecting scaling.

“Our team aims to maintain efficiency, at the same time, stick to the overall highest security and compliance standards. We’re glad to have partnered with iDenfy. ”— remarked Giedrė Blazgienė President of

“We strive to align with our partners’ priorities and understand what a fast-growing financial business, like, needs. By helping automate compliant, user-friendly ID verification processes, we’ll continue to improve our solution and protect our partners in this ongoing battle against fraud,” — said Domantas Ciulde, the CEO of iDenfy.

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