iDenfy

Standard operations like opening a business bank account or renewing a license typically require being in “good standing.” 💡 For example, if you’re applying for a business loan, you’ll require a certificate of good standing to prove your entity’s status and to show that you’re compliant. The same goes for attracting new investors or providing proof during financial audits. 👇 But what does this status really mean? We provide our insights and explain why KYB is important in this context. 

🎉 All in for a night to remember! 🃏✨ This year’s iDenfy Christmas party took us straight to the casino floor – with a twist! The Casino Night theme celebrated a big milestone for us: expanding to the USA. With games like Blackjack, Poker, Roulette, and a competitive Big Quiz, our team rolled the dice, played their cards, and showcased their skills at the poker table. But most importantly, we shared laughs, great conversations, and a toast to a year of growth and new beginnings. As HR, it’s truly a joy to see our team connect, have fun, and celebrate not just the wins, but the incredible journey we’re on together. Here’s to 2024 – we’re ready to keep playing our cards right! 🥂 #idenfy #idenfyteam #idenfymilestone #idenfyllc

Gambling, or gaming, is a matter of perspective since players lose while the operators win. 🎰 But it’s most certainly not only about the revenue. Prioritizing trust and responsibility in the gaming sector is extremely important to maintain sustainable, long-term engagement with your platform users. For users, that means having a healthy relationship with their games and knowing where to access player protection measures, such as limits to control the gaming duration. ⤵ What about mandatory compliance measures when it comes to responsible gaming? We provide our insights below. 

We're happy to reveal our upgraded utility bill verification service, automatically extracting and matching the validity of documents 👏 ✔ Takes around ~20 seconds if done via dashboard; even faster with API. ✔ Full name verification and comparison with provided details in non-Latin languages. ✔ Address match and instant validation of documents no older than 3 months. Available as a separate service or part of our compliance software bundle 🤝

Proof of income might seem a straightforward process until you need to onboard a high volume of customers and check their financial backgrounds. 〰️ Then again, it can get tricky when it comes to self-employed individuals, different jurisdictions, or a long list of different documents that can and can’t be accepted as valid proof. 〰️ Mortgage approvals, loan applications, or tax filings require the person to provide proof of income documents as a way to confirm their financial stability. Still have questions? We’ve compiled a short info guide regarding the key use cases of proof of income. ⤵

The government issues a legitimate ID, which ensures that the provided document has all of the needed security features. Blurriness, incorrect format, misspelled words, poor laminate, and missing security elements, such as unique features linked to each state, are common signs of forged IDs. ⤵ But what role does automation play when analyzing different types of ID documents online? Check out our insights below.

🚀 Big news for iDenfy! 🇺🇸 I'm beyond excited to share that iDenfy is officially expanding to the United States with our new office! This is a huge step as we deepen our presence in the U.S. market and continue our mission to deliver cutting-edge identity verification, compliance, and fraud prevention solutions to a broader audience. But this isn't just about growth - it's about building something amazing. We're seeking talented people to join our journey and support our expansion. Specifically, we're looking for partnership-focused professionals and legal experts who are ready to help us shape the future of digital identity and compliance. If this sounds like you - or if you know someone who'd be a perfect fit - let's connect! We’d love to explore the possibilities together. Here's to the start of an exciting new chapter for iDenfy, and for all of us working towards a safer, more secure digital world. 🌍✨ 📍 Stay tuned - there’s so much more to come. #iDenfy #USAExpansion #WeAreHiring #Partnerships #Growth #Innovation Link to article

Both business structures — sole proprietorships and LLCs — have differences when it comes to filing bankruptcy, dealing with lawsuits, or paying taxes. ◻️ For regulated industries, such as banks, this means more factors to consider, such as what documentation they’re required to file when adjusting the Know Your Business (KYB) flow for onboarding new clients. ◻️ That’s because it ultimately comes down to collecting the right data from the customer. Otherwise, your KYB process will be lengthy and inefficient both for you and your applicants. ⤵ Check out how automated solutions can help you customize the onboarding process for any entity you verify.

It’s no secret that KYB or Know Your Business processes can cause headaches for internal compliance teams. But, once again, we’re quick to help and offer this new, built-in, and easily configurable feature — Instant AI Company Data Crossmatch! ⭐ With AI's efficiency, verifying shareholder data, identifying UBOs, or reviewing personal documents is now much easier and fully streamlined. You can instantly access data from government corporate registries and have it automatically cross-checked with user onboarding details. The software compares the extracted data to ensure it matches the information provided in the onboarding process. See how it works below. 👇

To expand into new markets and automate the whole KYC process? ✔️ Check. This was one of the goals for Xirni, our new partners operating in the technology and compliance landscape. Before our partnership, Xirni needed to elevate its onboarding process, especially since the company had many clients across the globe and needed to meet more stringent AML compliance requirements. ⤵ See how our ID verification technology has boosted Xirni’s growth, showing positive changes in user experience.