iDenfy and InHouse Pay will help online businesses to render their services more efficiently with the customer verification expertise of iDenfy and smooth e-money services from Inhouse Pay
iDenfy and InHouse Pay have announced an imperative partnership merging iDenfy’s AI-empowered identity verification service for customer KYC and InHouse Pay’s easy payments facilities bridging the gap between service providers and users. This direct partnership between iDenfy and InHouse Pay will benefit online businesses, be it financial, gaming, or sharing economy models.
iDenfy, a startup from Lithuania helps to reduce customer onboarding costs with its pay-per-use model, reduces chances of fraud with its AI-powered biometric customer verification process, and comply with regulations with easy KYC and AML (Anti Money Laundering) requirement services.
InHouse Pay, the first of its kind in Estonia, is a company providing e-money services. Payment initiation and Account information services (PIS and AIS) are two features enabled by revised payment service directive (PSD2) which brings innovation to the payments services market and are main selling points of InHouse Pay. AIS provides aggregated information on payment accounts held with payment service users on other payment service providers while enabling payment service users to initiate (via PIS) payment at payment accounts held at different payment service providers.
The strategic integration between these two companies will ensure that everything, from customer onboarding to the final step of making a payment is carried out smoothly for the online business they cater to.
“It is an honor to announce our new partnership with inHouse Pay. Our priority has always been providing security and peace of mind for online consumers. We look forward to bringing our expertise to inHouse Pay’s clients and continuing to make the digital world a safer, more secure place,” said iDenfy CEO Domantas Ciulde.
“Flexibility in solution development and efficiency of service integration was just a couple of important aspects which led us to choose a partnership with iDenfy. Looking forward to new stages of tighter cooperation and new services from the enthusiastic team” said inHouse Pay COO Stanislav Kaštanov.
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