iDenfy, a global identity verification and fraud prevention service provider, announced a major update to its most popular solution, ID verification, a non-document verification flow. Businesses that previously used iDenfy’s physical ID document verification can now offer their users the option to complete the process through the electronic ID (eIDV) flow when a physical document is not available.
The update directly addresses one of the industry’s most persistent problems of legitimate customers abandoning verification systems simply because they don’t have an ID card or passport with them during the Know Your Customer (KYC) onboarding process.
