iDenfy is proving to be popular with European FinTechs. The company’s latest client is Nikulipe, which helps connect larger merchants and payment service providers with the payment platforms that the local population is using in a given market. Nikulipe has also helped to develop local payment services, and recently launched a new bankling payment method for consumers in the Baltic region.
Both iDenfy and Nikulipe are based in Lithuania, though Nikulipe is part of the broader Bergwand Group, which operates out of Germany. Nikulipe is planning to leverage iDenfy for user onboarding, taking advantage of the company’s identity verification technology to make sure that everyone who signs up for their platform is in fact who they claim to be.
iDenfy will provide those assurances while still delivering a streamlined user experience. The company’s system can recognize more than 1,500 identity documents, and can use those documents to verify someone’s identity in as little as 15 seconds. The entire process requires only four clicks on a standard mobile device.
For its part, iDenfy noted that consumers increasingly expect a convenient and secure user experience when doing business online. The company argues that a strong onboarding solution can help a business distinguish itself with customers while still preventing data breaches and identity theft.
“Our partners control the ever-increasing e-commerce transaction volumes both efficiently and accurately, and we’re glad to assist them further in terms of security,” said iDenfy CEO Domantas Ciulde. “I believe that the beginning of a secure customer experience starts with strong identity verification.”
“Our partnership will ensure that our clients will experience a hassle-free and safe verification solution,” added Nikulipe CEO Frank Breuss. “We strive to provide the highest levels of AML and Terrorist Financing compliance measures to our clients and partners.”
iDenfy has already provided onboarding services for several fintech operations in Europe. Its recent client roster includes Confirmo (which runs the Coinmate crypto exchange), Poland’s Paymento Financial SA, and the Czech payments platform CyberstarPay.