Payments

Viena Moneta, iDenfy partnership to automate AML compliance

Lithuania-based identity verification tech firm iDenfy has announced its partnership with Viena Moneta, a Lithuania-based financial and currency exchange firm also known as "One Coin" in English and operating under the supervision of the Bank of Lithuania, according to a press release.

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October 24, 2023

Lithuania-based identity verification tech firm iDenfy has announced its partnership with Viena Moneta, a Lithuania-based financial and currency exchange firm also known as "One Coin" in English and operating under the supervision of the Bank of Lithuania, according to a press release.

As part of the deal, iDenfy's anti-money laundering (AML) technology has been integrated with Viena Moneta's CurrExchanger system.

"Our company strives to find the best solution for our clients. By partnering with iDenfy, we're sure our AML compliance is handled with the highest level of security and accuracy," Sonata Mickiene, AML specialist at Viena Moneta, said in the release. "That means our fraud management system now not only safeguards our customers and business but also delivers significant internal operational improvements."

"Our AML checks are designed to readily accommodate regulatory changes and facilitate swift scalability through a comprehensive range of international database checks, encompassing sanctions and politically exposed persons (PEPs)," Domantas Ciulde, CEO at iDenfy, said in the release. "We are genuinely excited to collaborate with Viena Moneta and assist them in streamlining the customer approval process, saving time and reducing complexity."