iDenfy's biometric ID verification completes KYC compliance for Today's Crypto

    KAUNAS, LITHUANIA, February 28, 2023 /24-7PressRelease/ -- iDenfy, the all-in-one AI-powered identity verification and fraud prevention solutions startup, announced a new partnership with Today's Crypto, the global cryptocurrency-focused video streaming platform. iDenfy's ID verification services will enhance security while ensuring a smooth registration process for new Today's Crypto content creators.

Identity verification has now made it beyond financial services. According to iDenfy, digital Know Your Customer (KYC) solutions have stormed into many spheres, including streaming platforms, which have gained popularity during the global pandemic. Part of why there's a demand for AI-powered tools, as claimed by the IDV service provider, is the goal to improve user experience and overall data security.

As the number of criminal cases that can be successfully accomplished online is increasing, digital platforms are looking for more comprehensive ways to secure their data and reputation. With a similar goal of ensuring that only legitimate content creators and their valid documents are accepted, Today's Crypto started looking for a new identity verification provider.

Today's Crypto is the world's first crypto-themed streaming platform, focusing on providing its users with different creators' authentic material, including news, updates, or podcasts. As a secure streaming company, it focuses on providing a safe environment for its viewers and content creators.

Currently, the streaming company is using iDenfy's full-stack biometric ID verification service. This enables Today's Crypto to verify the identity of its content creators and guarantee that the person uploading the videos is using a legitimate document and isn't involved in financial fraud. iDenfy officials claim that its service will also add an extra layer of security to ensure secure payouts to content creators who have monetization enabled on the streaming platform.

Before partnering with iDenfy, Today's Crypto officials claimed to have noticed a quickly growing content creator base, which required investing more time and resources to conduct manual monitoring and ensure no fraudulent activity is occurring on the platform. Consequently, the partnership with iDenfy will aim to increase efficiency through the newly built, fully automated user onboarding process.

iDenfy is best known for its AI-powered algorithm. Using liveness detection and facial biometrics, iDenfy's software instantly determines if the person behind the camera is real or a passive fake. According to the identity verification startup, the most common fraudulent use cases during the IDV process include deepfake videos and altered images. The tech startup's internal team of specialists double-checks each verification to ensure accuracy. According to iDenfy, the combination of technology and manual supervision enabled its solution to maintain a 98% success rate.

"We are thrilled to partner with iDenfy to bring this extra layer of security to our crypto streaming platform. Its automated ID verification software aligns with our commitment to promoting growth and delivering authentic, high-quality content to our users." — expressed Luke Harte, the CEO of Today's Crypto.

"Partnering with Today's Crypto to provide biometric verification builds confidence, helping maintain a fraud-free environment for the streaming platform. Our team is excited to combine our efforts and work together towards bringing innovative solutions and endless possibilities to the industry." — said Domantas Ciulde, the CEO of iDenfy.

About iDenfy

iDenfy, a platform of identity verification services and fraud prevention tools, ensures AML, KYC, and KYB compliance for every company — from large-scale businesses to small organizations. The rapidly growing business was named the best Fintech Startup in 2020. Recently, iDenfy was featured in G2's Winter 2023 report as the leading identity verification software.

For more information and business inquiries, please visit www.idenfy.com.

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