iDenfy partners with AlaiseData to alleviate KYC compliance in the technology sector

Jun 29, 2023

The newly implemented identity verification solution will streamline the customer onboarding process for AlaiseData

(PRUnderground) June 29th, 2023

iDenfy,  a global RegTech company offering full-stack identity verification and fraud prevention tools, announced a new partnership with AlaiseData. This Germany-based development company provides innovative digital business solutions tailored to long-term product relationships. iDenfy’s verification service will help ensure KYC compliance and a swift verification process for AlaiseData’s customers.

AlaiseData creates digital business models and enables other digital platforms to run and build their own. The forward-thinking technology hub is revolutionizing the business landscape through its cutting-edge expertise in app development and modern solutions. With an unwavering commitment to excellence, AlaiseData aims to seamlessly craft applications that empower companies to streamline operations, enhance productivity, and foster meaningful connections with their customers.

By leveraging the latest advancements in technology, AlaiseData’s goal is to emerge as a trusted partner, delivering transformative solutions tailored to modern enterprises’ unique needs and aspirations. AlaiseData also aimed to meet the growing demands of its clients and enhance the overall customer experience. With that in mind, the company started to look for ways to improve the security and reliability of its services. Consequently, the developer’s hub decided to integrate a robust, user-friendly identity verification solution into their development process.

iDenfy emphasizes that businesses creating apps and modern solutions often need to utilize Know Your Customer (KYC) services. Implementing robust identity verification measures not only protects businesses from potential legal and compliance issues but also cultivates a safe environment for their users, reinforcing their commitment to user privacy and data protection. Consequently, by collaborating with iDenfy, AlaiseData will enhance the trustworthiness of its platform and boost the level of security against various fraudulent activities, including identity theft and unauthorized access.

With this partnership, iDenfy’s goal is to automate the entire KYC process and significantly reduce the time and effort required for manual verification. This way, AlaiseData will allow clients to submit their identity documents without hassle, which will be verified using advanced AI algorithms and machine learning techniques. Currently, iDenfy’s software accepts more than 3000 document types,  quickly authenticating the validity of uploaded identity documents, such as passports, driver’s licenses, or ID cards from different countries and territories.

iDenfy will detect tampering, forgery, and other fraudulent activities in real-time. iDenfy’s incorporated facial recognition technology compares the live image of the users with the photo on the submitted identity document. This way, liveness detection technology ensures that the verification process isn’t compromised by the use of static images or manipulated videos, such as deepfakes. As claimed by iDenfy, given the widespread use of AI, both for positive and negative purposes, it’s become standard practice to employ such technology when ensuring the integrity of the customer onboarding process.

iDenfy also offered easy integration options, allowing AlaiseData to incorporate the KYC solution into their existing development workflow seamlessly. The identity verification solution also provided customization options to align with the company’s branding and user experience requirements. iDenfy claims that its solution will help AlaiseData save costs and reduce the time required to identify the growing customer base on the platform. At the same time, iDenfy will guarantee that AlaiseData complies with the ever-changing regulatory requirements.

“Our goal is to deter fraud effectively during the customer onboarding process, which requires simplifying the verification process for our AlaiseData’s growing customer base. We’re happy to give them the confidence that their data is safe and real,” — noted Domantas Ciulde, iDenfy’s CEO.

About iDenfy

iDenfy is a RegTech startup that provides AML, KYC, and KYB compliance solutions to businesses of all sizes. The company has been recognized as a leading identity verification software in G2’s Winter 2023 report. iDenfy has also won the ”Enabler of the Year’’ category at the Lithuanian Fintech 2023 awards.

The post iDenfy partners with AlaiseData to alleviate KYC compliance in the technology sector first appeared on PRUnderground.

Press Contact

Name: Eva Azaraviciute Phone: +37063815442 Email: Contact Us Website: https://www.idenfy.com

Original Press Release.

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Bisera fires eagle-fueled 67, takes aim at Taiwan LPGA title

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MANILA, Philippines – Yvon Bisera put herself squarely in title contention with a brilliant opening 67 on Wednesday, giving the Ladies Philippine Golf Tour a major boost and raising hopes of a Filipina return to the Taiwan LPGA Tour winner’s circle after nine years. Bisera overcame a shaky start with a spectacular finish, shooting a five-under-par card to trail local aces Joy Chou and Yu Chiang Hou by just one stroke in the Kenda Tires TLPGA Open at Taichung International Golf Club. The in-form Davaoeña shotmaker overcame a three-putt miscue on her opening hole, No. 10, with a birdie on No. 13 before producing the highlight of her round on the par-5 18th, where she chipped in for eagle. She then carried the momentum to the front nine, rattling off three straight birdies from No. 2 to complete a 33-34 card. Her fast start put her in a share of third with Thai ace Nook Sukapan, Malaysian Genevieve Ling, Japanese Harumi Yoshikuwa and Taiwan veteran Ching Huang, just one behind Chou’s flawless 66. Bisera’s opening-round charge came despite battling an illness that affected her long game. She compensated with crisp iron play and steady putting, hitting 16 of 18 greens in regulation. “Medyo pangit 'yung driving ko today, since medyo pangit 'yung kondisyon ng katawan ko. Pero bumawi naman sa iron shots. At natatamaan ko halos lahat ng green,” said Bisera, who missed just two greens. She also had to regroup quickly after the early setback on No. 10, where she three-putted from 18 feet after missing the fairway. “Nahihilo pa talaga ako sa umpisa. But sinabi ko lang na madami pang birdie chances kasi madami pang par-5s na naaabot. Kaya sabi ko, par lang dun sa next hole tapos alam kong makaka-birdie naman,” she said. She was right. After her eagle on No. 18, Bisera birdied Nos. 2, 3 and 4, then closed out the round with pars to move within one shot of the lead in the NT$4-million championship, the 16th leg of the TLPGA and a co-sanctioned event with the LPGT. The 24-year-old, who is coming off two victories and a runner-up finish on the LPGT, is seeking a second overseas victory after breaking through at the Thai Ladies Masters last year. A victory here would also put her in position to become the next Filipina to win on the TLPGA since Pauline del Rosario’s breakthrough in 2017. But Bisera is refusing to look too far ahead. “I don’t want to think about it. But I want to play my game. Gusto ko lang mag-under every day. And if I have a chance, then I will take it,” said Bisera, whose campaign is backed by ICTSI. Chou, meanwhile, seized early control with a pitch-in eagle on No. 2 and five more birdies to finish with a bogey-free 66. “I think I was just pretty much doing what I planned to do, so I wasn't thinking too much about pressure,” said the 27-year-old Chou. “Even with everything, just do what I plan with my game, and yeah, not really thinking too much about the pressure.” Her eagle came on the par-4 second, where she hit her drive to the left side of the fairway before attacking from 90 yards. “I thought it was just going to be close to the pin, but then the player in the same group said, ‘Oh, it went in.’ And I was like, ‘Oh, cool,’” said Chou. “It pretty much just matched my plan and it was a good shot.” She used the bonus to fuel five more birdies while keeping a clean card to grab the first-round lead. Meanwhile, Hou closed with a dominant front-nine run, firing a blistering six-under 30. 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Chihiro Ikeda was two-under through nine holes on the back nine before stumbling with four bogeys against two birdies to finish with a 72, tying Mafy Singson for 32nd. Singson was also two-under through 13 holes before bogeying Nos. 14 and 16, while Ababa faltered with two bogeys at the front to finish with a 38-34. Rev Alcantara shot a 73 for joint 45th, while Kayla Nocum and amateur Lisa Sarines matched 74s for a share of 56th. Lois Kaye Go blew a two-under card after 13 holes with a costly finish, double-bogeying No. 5 and bogeying the next three holes for a 40 on the front nine and a 75, leaving her tied for 67th, alongside Harmie Constantino and Kristine Fleetwood. Amateur Mona Sarines posted a 76 for a share of 78th while Princess Superal limped with a 77 and in danger of missing the cut at joint 84th. With two rounds still to play, however, the spotlight belongs to Bisera, whose eagle-fueled 67 has put her within striking distance of a potential second overseas triumph – and given the Philippines a legitimate early title threat in Taiwan. TMT

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