Sonect, the financial tech company that provides services targeted towards turning every cash register into an ATM point via point of sale system and smartphone devices has announced its partnership deal with the digital identity verification service company- iDenfy. The partnership between tech startups is geared towards improving the user experience of Sonect customers in the mitigation of fraud. The partnership commits the onboarding process of Sonect customers to iDenfy in such a way that new customers can capture and verify their genuine identity in real-time with their mobile phones.
With the pressing issue of Identity theft all around the world, digital security has become a must-have feature for online financial platforms. Hence the need for such partnerships as the one with iDenfy and Sonect. The partnership of both startup companies is therefore set to launch the financial industry into heights of technological success where financial transactions are smarter, simpler, and safer.
About the partnership, Domantas Ciulde, CEO of iDenfy said “We are thrilled to be in a partnership with Sonect to fight against the fraudsters and help new customers verify their identities quickly and easily. As a result, we will reduce fraud and help to improve the user experience that will prove invaluable to Sonect’s operators looking for ways to adapt to this rapidly evolving environment,” while Sandipan Chakraborty, CEO at Sonect stated that “This exciting partnership represents an important opportunity for Sonect, paving the way for broader exposure of our platform and further adoption of our services in our domestic market, ahead of our expansion abroad.“
With the partnership between iDenfy and Sonect, Sonect users can now run a smooth onboarding process as they verify their identity using their smartphone to scan documents such as passports, IDs, and residence permits in real time. Transact without fear of online fraud. The company’s heightened tracking system prevents fraudsters and compliance across jurisdictions.