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4finance partners iDenify to offer identity verification services to clients

Tuesday 15 June 2021 15:04 CET | News

4finance, a Latvia-based consumer lending group, has announced a partnership with iDenfy to offer identity verification services to its clients.

iDenfy’s AI facial recognition systems enable companies to comply with various anti-money laundering regulations and satisfy due diligence obligations such as KYC, which is required by regulatory boards and law enforcement agencies. The decision by 4finance was a technology data-driven one, as over 70% of its client base is now applying for loans on their mobile devices, according to the press release.

iDenfy provides online identity verification services for financial, sharing-economy, and gaming industries. The company uses triplicate facial recognition systems along with access to document verification databases in hundreds of countries, backed by 24/7 human supervision.


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Keywords: iDenfy, identity verification, KYC, artificial intelligence
Categories: Fraud & Financial Crime
Companies:
Countries: Latvia
This article is part of category

Fraud & Financial Crime






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