Monneo teams up with iDenfy to improve identity verification

Monneo, a virtual international bank account number (IBAN) provider, has reportedly partnered with identity verification platform iDenfy.

This deal is designed to provide merchants using Monneo with a secure application, according to a report from The Paypers.

The Monneo platform was established to help UK, European and international banks reduce barriers and better connect merchants with global payment services. Its platform consolidates all online IBAN accounts, empowering merchants to easily retrieve and move funds from anywhere.

It hopes the incorporation of iDenfy’s identity verification tools will enable it to streamline onboarding whilst maintaining security and compliance.

iDenfy has built an identity verification platform, which leverages AI and biometrics to detect fraud and process customer data safely and quickly. Its features include ID document verification and facial recognition.

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