DSBC Financial Group, an international financial institution, and iDenfy, a renowned Lithuania-based identity verification solution provider, join hands to make DSBC Financial Group's platform fully secured from different types of phishing and identity-related frauds.
Besides this, the partnership also aims at making the onboarding journey frictionless for customers by providing them with a remote verification solution.
DSBC Financial Group is a global financial payment solution that offers services like current account, merchant account, foreign exchange, payment cards, and cash management. The company serves customers from different geographical regions. However, they can't meet each customer face-to-face to authenticate their identities manually. As a result, they looked for a reliable identity verification solution that now helps them verify all customers remotely.
iDenfy will help them verify their customers and comply with Know Your Customer (KYC) and Anti Money Laundering (AML) directives. In partnership with iDenfy, DSBC Financial Group will complete KYC much faster and with less hassle. Moreover, there will be fewer mistakes, as human involvement will be far less.
The DSBC Financial Group, Le Hung Anh, CEO says, "The days of the traditional banking and payment practices are getting over." Our clients can now experience a fast, convenient, and secure onboarding process with our new technology. The partnership between DSBC Financial Europe and iDenfy will create more values for our community and facilitate businesses to thrive remarkably."
iDenfy is known for its automated identity verification process that uses advanced technologies like Artificial Intelligence, Machine Learning, OCR, etc. They combine ID verification, liveness detection, and face recognition so that businesses can get all the solutions under the same roof.
iDenfy's face recognition solution uses a digital image or video to identify and verify a person. It compares facial expression and features with the database provided by users. The good thing is that customers can get verified from the comfort of their homes.
DSBC Financial Group is quite pleased with the partnership. iDenfy, on the other hand, seems exceptionally excited to form a partnership with DSBC Financial Group. "Our remote identity verification service is an optimum solution to mitigate identity-related frauds and improve overall productivity and time efficiency," states Domantas Ciulde, the chief executive officer of iDenfy. He further says, "We are sure that with our advanced solutions will help DSBC Financial Group onboard only the legitimate customers to their platform."
The partnership between the two firms is going to have a positive impact on their reputation as well. Where DSBC Financial Group will gain their prospective customers' trust, iDenfy will expand its business with this new partnership.