{"id":21740,"date":"2022-02-06T10:20:27","date_gmt":"2022-02-06T08:20:27","guid":{"rendered":"https:\/\/www.fintechnews.org\/_\/?p=21740"},"modified":"2022-02-06T10:20:27","modified_gmt":"2022-02-06T08:20:27","slug":"idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals","status":"publish","type":"post","link":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/","title":{"rendered":"iDenfy establishes a partnership with European Merchant Bank to help the company attain its goals"},"content":{"rendered":"

Lithuania-based fintech startup iDenfy partners with European Merchant Bank, a dynamic digital bank licensed by the European Central Bank.<\/strong><\/p>\n

The opportunities today are vastly different than just decades ago. The technological development we have achieved has paved the way for various industries to grow at a pace never seen before. Additionally, the transition to cyberspace influenced by both the rapid development and COVID pandemic has made it possible for businesses to operate fully remotely. A lack of office space is no longer an issue when working from home became the new norm. At the same time, the demand for various digital services allows many startups to start from scratch without any physical products at their disposal.<\/p>\n

However, innovations rarely come hassle-free, and this case is not different. Unfortunately, we do not live in a perfect society. Those with their selfish interests in mind will always look for ways to expose the weaknesses present for their personal gain. Fraudsters exist as long as humans do, and it\u2019s unreasonable to expect the situation to change as we move forward. As the technology progresses, fraudsters use it to enhance their methods and attempt criminal activities more often. The rise of digital service usage due to COVID has also made it even worse.<\/p>\n

For example, in 2020, iDenfy registered a 2 % increase in the attempts to use fake personal ID documents for registration. The company also saw a huge rise in AI technology when attempting fraud. So-called \u201edeepfakes\u201c, designed to create life-like images and videos of any person, made up a little over 6 percent of all identifications in 2020, compared to just 0.5 per cent in 2019.<\/p>\n

Luckily, the tools at iDenfy\u2019s disposal are safe and reliable, making such fraud attempts fall short when faced with the company\u2019s identity verification solution. Upon realizing just how much the company\u2019s services are needed in the market today, iDenfy established a mission to make identity verification and fraud prevention tools easily accessible to as many businesses as possible.<\/p>\n

Since its beginning in 2017, iDenfy has made over 300 partners in various industries worldwide and has become an experienced competitor in the identity verification and fraud prevention market. It was one of the key factors for European Merchant Bank, a digital bank licensed by the European Central Bank, to recognize the company as a potential partner to deal with the issues it faces in today\u2019s banking environment. With iDenfy\u2019s services, EMBank will ensure safety, security, and regulatory compliance at the highest level while maintaining a fast and user-friendly client experience.<\/p>\n

\u201cThe importance of remote verification systems in today’s business models are increasing day by day. We believe that we made the right decision by choosing IDenfy as a business partner with its meticulous and safe business approach. We are confident that our business relationship will continue to develop further.\u201d said Sarp Demiray, CEO of European Merchant Bank<\/p>\n

\u201cWe are very glad to announce a partnership with European Merchant Bank. The core values they hold \u2013 transparency, innovation, cooperation, and trust \u2013 resonate very well with our mission as a company. I can predict a long-lasting relationship,\u201d said Domantas Ciulde, CEO of iDenfy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lithuania-based fintech startup iDenfy partners with European Merchant Bank, a dynamic digital bank licensed by the European Central Bank. The opportunities today are vastly different than just decades ago. The technological development we have achieved has paved the way for various industries to grow at a pace never seen before. Additionally, the transition to cyberspace […]<\/p>\n","protected":false},"author":1,"featured_media":21741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[852,29,51],"tags":[],"class_list":["post-21740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-identity","category-successstories","category-cyber-security"],"yoast_head":"\niDenfy establishes a partnership with European Merchant Bank to help the company attain its goals - Fintech News<\/title>\n<meta name=\"description\" content=\"\u201cWe are very glad to announce a partnership with European Merchant Bank. The core values they hold resonate with our mission as a company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"iDenfy establishes a partnership with European Merchant Bank to help the company attain its goals\" \/>\n<meta property=\"og:description\" content=\"\u201cWe are very glad to announce a partnership with European Merchant Bank. The core values they hold resonate with our mission as a company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/\" \/>\n<meta property=\"og:site_name\" content=\"Fintech News\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-06T08:20:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"774\" \/>\n\t<meta property=\"og:image:height\" content=\"581\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"H.\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"H.\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/\",\"url\":\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/\",\"name\":\"iDenfy establishes a partnership with European Merchant Bank to help the company attain its goals - Fintech News\",\"isPartOf\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10.jpg\",\"datePublished\":\"2022-02-06T08:20:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/c6663fcff351ca956be9664158d6f84a\"},\"description\":\"\u201cWe are very glad to announce a partnership with European Merchant Bank. The core values they hold resonate with our mission as a company.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#primaryimage\",\"url\":\"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10.jpg\",\"contentUrl\":\"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10.jpg\",\"width\":774,\"height\":581,\"caption\":\"European Merchant Bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fintechnews.org\/_\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"iDenfy establishes a partnership with European Merchant Bank to help the company attain its goals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/#website\",\"url\":\"https:\/\/www.fintechnews.org\/_\/\",\"name\":\"Fintech News\",\"description\":\"And Techs news of your sector\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fintechnews.org\/_\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/c6663fcff351ca956be9664158d6f84a\",\"name\":\"H.\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/78a0fd49f2630c44798959f34dca1bedea53364d3a40d917bd4e94cccb486f8f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/78a0fd49f2630c44798959f34dca1bedea53364d3a40d917bd4e94cccb486f8f?s=96&d=mm&r=g\",\"caption\":\"H.\"},\"url\":\"https:\/\/www.fintechnews.org\/_\/author\/job\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"iDenfy establishes a partnership with European Merchant Bank to help the company attain its goals - Fintech News","description":"\u201cWe are very glad to announce a partnership with European Merchant Bank. The core values they hold resonate with our mission as a company.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/","og_locale":"en_US","og_type":"article","og_title":"iDenfy establishes a partnership with European Merchant Bank to help the company attain its goals","og_description":"\u201cWe are very glad to announce a partnership with European Merchant Bank. The core values they hold resonate with our mission as a company.","og_url":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/","og_site_name":"Fintech News","article_published_time":"2022-02-06T08:20:27+00:00","og_image":[{"width":774,"height":581,"url":"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10.jpg","type":"image\/jpeg"}],"author":"H.","twitter_card":"summary_large_image","twitter_misc":{"Written by":"H.","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/","url":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/","name":"iDenfy establishes a partnership with European Merchant Bank to help the company attain its goals - Fintech News","isPartOf":{"@id":"https:\/\/www.fintechnews.org\/_\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#primaryimage"},"image":{"@id":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10.jpg","datePublished":"2022-02-06T08:20:27+00:00","author":{"@id":"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/c6663fcff351ca956be9664158d6f84a"},"description":"\u201cWe are very glad to announce a partnership with European Merchant Bank. The core values they hold resonate with our mission as a company.","breadcrumb":{"@id":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#primaryimage","url":"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10.jpg","contentUrl":"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10.jpg","width":774,"height":581,"caption":"European Merchant Bank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.fintechnews.org\/_\/idenfy-establishes-a-partnership-with-european-merchant-bank-to-help-the-company-attain-its-goals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fintechnews.org\/_\/"},{"@type":"ListItem","position":2,"name":"iDenfy establishes a partnership with European Merchant Bank to help the company attain its goals"}]},{"@type":"WebSite","@id":"https:\/\/www.fintechnews.org\/_\/#website","url":"https:\/\/www.fintechnews.org\/_\/","name":"Fintech News","description":"And Techs news of your sector","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fintechnews.org\/_\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/c6663fcff351ca956be9664158d6f84a","name":"H.","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fintechnews.org\/_\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/78a0fd49f2630c44798959f34dca1bedea53364d3a40d917bd4e94cccb486f8f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/78a0fd49f2630c44798959f34dca1bedea53364d3a40d917bd4e94cccb486f8f?s=96&d=mm&r=g","caption":"H."},"url":"https:\/\/www.fintechnews.org\/_\/author\/job\/"}]}},"author_meta":{"display_name":"H.","author_link":"https:\/\/www.fintechnews.org\/_\/author\/job\/"},"featured_img":"https:\/\/www.fintechnews.org\/_\/wp-content\/uploads\/2022\/02\/001-10-300x225.jpg","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.fintechnews.org\/_\/cyber-security\/digital-identity\/\" class=\"advgb-post-tax-term\">Digital Identity<\/a>","<a href=\"https:\/\/www.fintechnews.org\/_\/sectors\/successstories\/\" class=\"advgb-post-tax-term\">Success stories<\/a>","<a href=\"https:\/\/www.fintechnews.org\/_\/cyber-security\/\" class=\"advgb-post-tax-term\">Cyber Security<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Digital Identity<\/span>","<span class=\"advgb-post-tax-term\">Success stories<\/span>","<span class=\"advgb-post-tax-term\">Cyber Security<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 5 years ago","modified":"Updated 5 years ago"},"absolute_dates":{"created":"Posted on February 6, 2022","modified":"Updated on February 6, 2022"},"absolute_dates_time":{"created":"Posted on February 6, 2022 10:20","modified":"Updated on February 6, 2022 10:20"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/posts\/21740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/comments?post=21740"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/posts\/21740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/media\/21741"}],"wp:attachment":[{"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/media?parent=21740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/categories?post=21740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechnews.org\/_\/wp-json\/wp\/v2\/tags?post=21740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}