iDenfy, a global identity verification and fraud prevention service provider, has introduced a simplified onboarding solution powered by electronic bank-based identity checks. Businesses that previously relied on physical ID document verification can now give users the option to complete the process through an electronic ID eIDV flow when official documents are not in hand.
This update addresses a common issue in Know Your Customer KYC onboarding, where customers abandon the process simply because they do not have an ID card or passport with them at the time of verification.
