News and resources on digital identity, trust, biometrics and Secure Customer Authentication.

IDenfy to provide ID verification services for Monneo

Source: iDenfy

The team at iDenfy is proud to announce their new partnership with Monneo; a digital banking service for corporate and eCommerce clients. iDenfy will now be providing identity verification services for Monneo to ensure the safety and security of clients who will be utilizing Monneo’s platform for online transactions.

Since 2018, Monneo has been providing innovative banking technology to compete with traditional financial transactions. Monneo’s interface allows online merchants to connect with European banks who provide virtual IBAN accounts and support incoming and outgoing international payments.

As a result of the COVID-19 pandemic, clients were finding it difficult to have their documents for an IBAN verified in-person. To combat these challenges, the team at Monneo determined that it was time to select a reputable, reliable identification verification service to support their clients during unpredictable circumstances. With iDenfy’s technology and innovative processes, Monneo will now be able to verify the identity of the individuals providing their Visa cards directly through iDenfy’s platform.

Monneo representatives have noted that the team at iDenfy have been a pleasure to work with from the very beginning. They acknowledge their outstanding communication, innovative platform, and unparalleled customer service that ultimately led them to selecting iDenfy for their identity verification service.

iDenfy provides Monneo with an efficient, secure and reliable service helping them ensure a smooth and hassle-free onboarding process for their clients and meet the high compliance and security industry standards.

With the implementation of iDenfy’s services, Monneo will now experience quicker turnaround times for applications, an easy and efficient process for their clients, and more control during the ongoing impact of COVID-19 and the associated lockdowns and safety guidelines.

Lili Metodieva, Managing Director at Monneo, said: “We are delighted to be able to announce our partnership with iDenfy. As a fintech company we have a strong focus on compliance, security and automation of processes and we aim to deliver a smooth and fast onboarding process to our clients. Adding iDenfy to our platform will provide our clients with a hassle-free and safe way for verification, which is important especially in the light of any future lockdowns and restrictions related to Covid.”

iDenfy CEO Domantas Ciulde shared his excitement, as iDenfy enters this partnership with Monneo, “Our KYC identity verification will be able to provide an extra protective layer to help detect and prevent fraud, resulting in a more secure environment for Monneo eCommerce clients. We understand the importance of this reliability for organizations to perform, and we pride ourselves in being able to provide that safe space for them.”

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