ID Verification specialists iDenfy unites with Credex to bolster fraud prevention 


ID verification and fraud prevention specialists, iDenfy, has deepened its portfolio of partners through a new link with Credex. 

By collaborating with the automated lending platform for point of sales financing, iDenfy’s full-stack identity verification is seeking to ensure a swift and safe lending experience for Credex’s customers.

It comes as the pandemic accelerated a rise in cybercrime – according to IT Governance, 39% of companies suffered cyberattacks last year.

Traian Baicu, the General Director of Credex, commented: “Fraud prevention is essential in this digital age, and for businesses that have high transaction volumes, it can be challenging. We’re proud to collaborate with iDenfy, a responsible business, helping us overcome such cybersecurity threats and providing our clients with a pleasant identity verification experience.” 

In absence of an extra security layer, organisations leave an open door for fraudsters to strike. To avoid damaging consequences, such as compliance fines, reputational loss or financial crime, organisations implement AI-powered tools. This way, they are able to analyse various data points as well as huge transaction numbers and detect fraud in real-time. 

According to Credex, choosing long-term partners is not an easy step, especially since their services have a significant impact on the clients’ experience; therefore, when searching for a new identity verification provider, the company prioritised safe, user-friendly options and selected iDenfy’s automated service.

Domantas Ciulde, the CEO of iDenfy, added: “Identity verification allows businesses to onboard their customers with confidence. Thanks to technology and artificial intelligence, we can detect fraud or money laundering in real-time, avoiding grim consequences. We’re delighted to work with Credex, a business that also prioritises convenience and security.”