Software

iDenfy, AlaiseData partner for KYC software solution

Image provided by iDenfy.

June 29, 2023

iDenfy, an identity verification software solutions firm, has partnered with Germany-based development company AlaiseData, with a goal of providing fast, reliable solutions for know your customer (KYC) compliance with ease of integration with existing systems, according to a press release.

The solution's architecture leverages software and AI-related tools to combat fraud and deepfakes with liveness detection technology, which verifies that a user is presenting their face live for verification with their on-file documents.

"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," Domantas Ciulde, CEO at iDenfy, said in the release. "We're happy to give them the confidence that their data is safe and real."