The fraud prevention firm will present Know Your Enterprise providers to Juni
Kaunas, Lithuania (June 20, 2022) – the Lithuanian id verification and compliance firm iDenfy, joined forces with Juni, the monetary administration platform made for ecommerce. iDenfy’s mixture of built-in id verification and Enterprise Verification providers will shield Juni from fraud.
Lowered prices, personalization, larger comfort, or pace are all components that make ecommerce and fintech gamers profitable in as we speak’s digital sphere. Whereas the advantages paint a constructive image, there’s additionally a riskier half to on-line enterprise. In keeping with iDenfy, cybercrime takes a toll on the fintech and ecommerce markets, making fraudsters and their crimes a problem that’s laborious to deal with.
Juni follows an identical method, and as an business innovator, the fintech participant continually appears for brand spanking new methods to bridge the hole between safety and pace. For that reason, Juni determined to improve its fraud prevention package deal and implement iDenfy’s newest product, the Enterprise Verification platform.
The purpose at Juni is to offer its shoppers with the best-in-class monetary ecosystem whereas on the similar time, making certain full transparency and security. Companies that use Juni’s providers can observe their total enterprise profile in a single place. Juni claims to have created one dashboard the place firms get a centralized overview of financial institution accounts, advert networks, and fee gateways. This helps them monitor their enterprise exercise and enhance money movement extra effectively.
As soon as began with distant ID verification, iDenfy now provides many fraud prevention instruments that assist companies detect and stop legal exercise in addition to adjust to ever-changing rules. In keeping with Juni, iDenfy offered a singular alternative to mix id verification with Know Your Enterprise (KYB) providers. iDenfy will present its companions with the Enterprise Verification platform that helps detect bogus firms.
As per iDenfy, its Enterprise Verification removes the wrestle for Compliance officers who must comply with strict legal guidelines and verify a number of knowledge factors manually. iDenfy’s platform assists Juni in automating its onboarding course of in accordance with international and native rules. iDenfy’s Enterprise Verification platform can block sure IPs or exercise codes from onboarding. It helps Juni detect and stop fraudulent exercise robotically by working Sanctions, PEPs, and Opposed Media verification checks.
iDenfy launches a brand new Enterprise Verification platform and companions with the Swedish Fintech Juni
In keeping with Juni, iDenfy’s new providers have already improved its potential to display the id of candidates extra effectively, which is without doubt one of the fundamental components that the fintech’s prospects count on. Juni additionally claims to be working with iDenfy to develop the Enterprise Verification platform additional. The following stage will probably be so as to add extra automation options to cut back the chance of human error faster.
“We’re actively collaborating on constructing a really particular platform. iDenfy is named a stable id verifier, however only a few, if any, suppliers supply each a KYB software and an ID verification software that we may discover. For that, we’re very grateful.” – famous Patrick Ryan, FinCrime Director, Juni. “Our crew strives to create protected options that permit different companies to concentrate on their main targets with no need to do the executive work. Our Enterprise Verification and id verification platform is a ready-made service that helps compliance officers to get rid of fraud dangers quicker. We’re glad that our companions at Juni share an identical imaginative and prescient and have the identical values concerning safety.” – defined Domantas Ciulde, iDenfy’s CEO
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