iDenfy, an identity verification, compliance, and fraud prevention company, has unveiled new email and SMS verification tools designed to enhance its KYC platform.
According to Finextra, the company launched these new verification features to tackle persistent onboarding challenges, such as duplicate accounts, invalid contact details, and forged IDs.
By adding this extra authentication layer, iDenfy aims to improve both accuracy and efficiency during the early stages of user verification, helping businesses identify suspicious users before they gain access to high-risk services such as payment apps or crypto exchanges.
iDenfy provides digital identity verification and fraud prevention solutions that streamline compliance and security processes for businesses across sectors including FinTech, banking, and e-commerce. Its suite of tools includes biometric checks, document authentication, and real-time risk assessment features, all built to ensure a smooth and secure onboarding process for customers.
The newly introduced email and SMS verification tools work by prompting users to submit contact information, such as a phone number or email address, and then requiring them to enter a one-time verification code sent by iDenfy’s system. This process ensures that contact details are legitimate before the standard government-issued ID verification step begins.
These new verification capabilities add a crucial security layer to iDenfy’s KYC framework, allowing companies to detect and prevent fraudulent activities like account takeovers or fake registrations. The tools help identify anomalies such as repeated contact data or suspicious sign-ups that could signal potential fraud, giving businesses the ability to flag threats early.
According to iDenfy CMO Viktor Vostrikov, “We noticed our partners asking for simple, familiar authentication methods that would increase security without damaging the general ID verification process with an ID document, since it’s mandatory for a compliant KYC flow.”
The company emphasised that the new verification tools do not replace existing KYC methods but complement them. “Trust begins with accurate data; therefore, our solution acts as an early checkpoint, filtering out fraudulent users before they even begin the onboarding process. By verifying emails and phone numbers upfront, we help businesses eliminate fake profiles, minimize risk, and maintain secure integrity of their platforms from the very first interaction,” iDenfy CEO Domantas Ciulde said.
The launch aligns with iDenfy’s ongoing mission to strengthen identity verification and adapt to evolving regulatory standards. The new tools can be seamlessly integrated into existing onboarding systems and combined with iDenfy’s broader KYC suite, which includes features such as face biometrics, liveness detection, and risk scoring.
The development comes amid rising levels of fraud globally. According to the Federal Trade Commission, consumers lost more than $12.5bn to fraud in 2024 — a 25% year-on-year increase — much of which originated from unverifiable or fake contact information. iDenfy’s latest innovation addresses this growing concern, offering a proactive solution for fraud prevention and regulatory compliance.
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