iDenfy will be helping Provema verify the identity of borrowers remotely who are using their Platform.
Kaunas, Lithuania – Provema, a renowned tech firm in Poland, and iDenfy, a Lithuania-based identity verification solution provider, are pleased to announce a partnership. The association aims at helping people go through frictionless verification and onboarding processes when using Provema platform to obtain loans.
Provema provides individuals and businesses with online loans without letting them undergo a complicated process that generally people see with conventional banks. The company allows people to gain a loan in just three steps. Simply a borrower needs to fill up an online form, mention the loan amount, and get verified. In a few minutes, the loan payment will go directly to the borrower’s account.
Provema doesn’t ask for an income certificate from the borrower, and people can pay back their loan amount in easy installments. To make the process easier for their customers, Provema is working on multifaceted aspects, and partnering with iDenfy is one of that. By partnering with iDenfy, Provema wants to conduct KYC of their customers to comply with all the legal directives.
iDenfy is a well-known identity verification solution provider offering its solutions to individuals and businesses across the globe. The company will help Provema conduct identity verification remotely and provide its customers with a security sense to manage their finances.
The partnership will also minimize the risk of fraud when opening a bank account. iDenfy’s identity verification solution is quite robust (powered by Artificial intelligence), which can check for tempered and fake ID documents in no minute.
According to iDenfy, they support more than 1300 documents from more than 200 countries. It means no matter which geographical location Provema’s customers reside in; the company will be able to verify their users’ identity.
Domantas Ciulde, the CEO of iDenfy, says, “We are pleased to work with Provema, and we are sure that our verification solutions will help them make the onboarding journey smooth and offer their customer a secure environment.“
The partnership between these two firms will have a positive impact on the overall online finance industry as well. Since they help borrowers get online loans quickly and securely, more tech financial firms will implement identity verification solutions to ensure that their customers have a smooth yet secure onboarding journey.
iDenfy‘s goal is to turn a customer’s device into an ID scanning and face recognition system that makes it fast and easy to capture and verify their ID and other credentials to meet KYC and AML requirements. Real-time ID scanning and face verification are applied on websites and mobile applications, helping reduce risk and minimize fraud for online transactions. This enables customers to perform daily operations from their home instead of going to service centers, where a company needs many cost-ineffective employees. Also, it avoids the costly and time-consuming process of manual documentation required for submission and verification.
It was founded in 2016 at Kaunas University Technology Park by two childhood friends. Company in 2018 at Lithuania was awarded as Startup of the Year. iDenfy provides real-time identity verification service for financial, sharing-economy, gambling industries.
For more information and business inquiries, please visit www.idenfy.com.
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