Financial NewsiDenfy Provides Biometric Onboarding for Monneo digital banking platform

iDenfy Provides Biometric Onboarding for Monneo digital banking platform

iDenfy has partnered with a UK-based fintech company Monneo to provide it with a remote ID verification service.

Kaunas, Lithuania, 29th August 2021, ZEXPRWIRE IDenfy is gaining ground, and Monneo has complemented its ever-growing list of partners.

Monneo provides virtual IBANs and digital banking services for corporate and eCommerce clients and aims to compete with traditional financial methods. 

In the face of the covid pandemic, it became increasingly difficult for Monneo’s clients to verify documents via live personnel, resulting in a delay in acquiring an IBAN. Recognizing the need for simplicity and security in providing its clients with banking services, Monneo accepted the challenges by implementing a remote ID verification system and choosing iDenfy as their partner. 

The partnership will result in a safer and faster delivery of Monneo’s services to their customers and reduce the ramifications of lockdowns to the process of clients getting on board with Monneo.

“We are delighted to be able to announce our partnership with iDenfy. As a fintech company we have a strong focus on compliance, security and automation of processes and we aim to deliver a smooth and fast onboarding process to our clients. Adding iDenfy to our platform will provide our clients with a hassle-free and safe way for verification, which is important especially in the light of any future lockdowns and restrictions related to Covid.” said Lili Metodieva, Managing Director at Monneo.  

Domantas Ciulde, iDenfy CEO, said: “We are grateful that Monneo chose us as their partners and look forward to our collaboration. We believe companies must be provided with tools to ensure the security and reliability of their services. Monneo proved to be responsible in this notion by prioritizing the implementation of ID verification service, and we will make sure that both the company and its clients can feel safe and reassured. The partnership will allow us to grow and improve in our goal to solve the challenges that modern financial institutions face. We believe this partnership will also encourage other companies to implement similar strategies to the services they provide, resulting in a safer environment for all of us.”

About iDenfy

iDenfy provides online identity verification services for financial, sharing-economy, gaming industries. The company was awarded “Startup of Lithuania” in 2018. In 2019 became ‘Startup of the Kaunas City’ and in 2020 won the ‘Fintech Startup Of The Year Award’.

For more information and business inquiries, please visit

The post iDenfy Provides Biometric Onboarding for Monneo digital banking platform appeared first on Zex PR Wire.

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