What is Phone Number Verification? A Complete Overview (2024)
Phone verification is the verification of a phone number through various methods such as making a phone call or sending a text message and receiving a response. Check out how leveraging different phone-related checks can help you determine customer risk profiles, verify their identities and deter fraud.
Highlights of 2021 – a Year of Growth For iDenfy
What a year! In 2021, iDenfy experienced a great number of exciting partnerships, attracted talented new members, reached a milestone in sales revenue, created various useful products, and received an assembly award for accomplishments in the identity verification world. The mission to stop fraud isn’t easy, but this year’s rapid growth showed that anything’s possible. […]
Raminta Bastikaitytė: Colorful, Punctual, Ambitious, and Motivated
The working environment at iDenfy is far from dull. But don’t just take our word for it – we’re here to introduce the perspectives of our employees. Raminta Bastikaitytė is the Head of the Verification Department at iDenfy. She will be the first to share about herself and her experience at the organization. Distinctive Hobbies […]
NFC Identity Verification Process
Today, the majority of smartphones come equipped with NFC (Near-Field Communication) technology. As this advancement becomes more and more popular, businesses are looking into NFC chips and how they enhance the identity verification processes.
What is Fraud Scoring? Use Cases and Fraud Prevention Tips
A prevention and detection tool is designed around fraud scores to indicate how high or low fraud risks are. These risk detection solutions allow financial institutions and other businesses to ascertain if the parties they are dealing with are genuine or not.
Fraud Week: What Is It and Why It’s Important
The discussion about fraud is ever-present in various industries worldwide – and for a good reason. Throughout the years, we, as a society, began to value transparency and fairness to a much greater extent than we did before. Fraud is directly opposing these values, and the demand for attention and prevention of fraud is rising […]
Identity Document Verification: Everything You Need to Know to Ensure Authenticity
The progress of our society and the world we live in is accelerating at an ever-growing pace. With rapid changes unfolding as we go, people ought to change their habits and behavior to adapt and stay practical. One has to run just to stay where they are – and those who reject ways of the new are doomed to fall behind and be overwhelmed by novelty.
What is Politically Exposed Person (PEP) Screening?
PEP stands for Politically Exposed Person. But what exactly does this term mean, and why is it essential to understand? Find out in this blog post.
Why Know Your Business (KYB) is Crucial for Your Company
KYB, or Know Your Business verification, is crucial for onboarding and monitoring corporate clients. Learn how to onboard your partners, identify the individuals controlling the organization and help prevent money laundering.
The Journey of iDenfy – Where It Began and Where It is Moving
Every year, on August 27, iDenfy celebrates its birthday. What does that mean for us as a business, and how much work and effort did it take to build a global business? Get a glimpse into the behind-the-scenes and discover how we’ve managed to scale from KYC into a leading RegTech hub.
What is Synthetic Identity Fraud?
Synthetic identities are more popular in the United States due to the heavy reliance on personally identifiable information (PII), like Social Security Numbers (SSNs), for identity verification. As a result, synthetic identity fraud is currently the fastest growing form of financial crime in the US.
Video Identification: What it is and How it Benefits Businesses
As the financial and banking sectors shift more and more of their services to digital platforms, the need for remote identification services is higher than ever. But more reliance on digital platforms means more significant cyber threats. Fraudsters and scammers are getting smarter with each day, looking for an opportunity to pounce on prey.
Digital Onboarding: How it Works and Why it’s Important
Digital onboarding is the remote process of bringing a new customer into a company or enrolling a new user in a service, usually through their mobile device. Its primary aim is to confirm the identity of the individual being onboarded, ensuring that they are indeed the person they claim to be.
