Fidesta Ltd, a leading provider of international corporate and trust services, has taken a significant step forward by incorporating iDenfy’s cutting-edge ID verification and anti-money laundering (AML) tools into their client onboarding processes. This strategic move is designed to optimize the efficiency and security of verifying and screening customers, catering to the needs of modern regulatory requirements and enhancing user experience.
Before partnering with iDenfy, Fidesta handled client identity verification through traditional methods involving notarial and consular services. These processes were not only slow and labor-intensive but also imposed additional financial burdens on clients due to the fees associated with these services. The cumbersome nature of these methods often led to delays and a less-than-ideal client experience.
iDenfy’s Solution
iDenfy responded to Fidesta’s challenges by providing a tailored package of services that includes biometric identity verification, comprehensive AML screening, and validations for addresses and phone numbers. This technology-driven approach allows for rapid and accurate verification processes, enabling Fidesta to onboard clients swiftly and securely. The platform utilizes advanced algorithms and liveness detection to minimize fraud risks, ensuring a high standard of compliance and reliability.
Impact on Fidesta’s Operations
The integration of iDenfy’s solutions has transformed Fidesta’s operational capabilities, significantly speeding up the onboarding process while reducing costs associated with manual verification methods. This has not only improved operational efficiency but also enhanced the overall customer experience, making it smoother and more accessible. The technological upgrade aligns with Fidesta’s commitment to adhering to strict AML regulations across multiple jurisdictions, ensuring a compliant and secure environment for conducting business.
Artis Rozenbergs, a board member at Fidesta, praises the shift to technology-based verification systems, noting their superiority over traditional methods in terms of reliability and security. “The use of advanced algorithms ensures that our verification processes are impervious to the typical vulnerabilities associated with human-operated checks,” says Rozenbergs. Domantas Ciulde, the CEO of iDenfy, is equally enthusiastic, highlighting their commitment to enhancing regulatory compliance and customer satisfaction.
The partnership between Fidesta and iDenfy is a standout example of how technology can revolutionize regulatory compliance and client security in the fiduciary services sector. By adopting sophisticated RegTech solutions, Fidesta not only improves its operational efficiency but also sets a new standard in the industry for customer onboarding and security.
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- Sumber: https://www.crypto-news.net/fidesta-idenfy-id-verification/
