iDenfy, an international RegTech provider specialising in identity verification and fraud prevention solutions, announced the launch of a phone number-based one-time verification feature for Australia and New Zealand.
The new update to iDenfy’s SMS Verification solution adds an important dual, real-time verification layer: users both verify their phone and then continue to capture their ID document’s information, minimising chances of fraud. Since this flow is already familiar, the company claims to reduce manual effort from the end-user’s side, which, for businesses, will result in a lower drop-off rate.
