iDenfy partners with Credex for secured loans

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Lithuanian remote identity verification and fraud prevention startup, iDenfy, has partnered with automated lending platform for point-of-sale financing, Credex.

iDenfy’s new comprehensive identity verification will provide a secure lending experience for all Credex customers and combat potential fines for compliance or financial crime.

iDenfy’s certified verification software aims to increase Credex customer satisfaction while ensuring a safe and user-friendly experience throughout the loan process. It offers comprehensive identity verification and fraud prevention measures through AI-powered biometric technology, as well as 3D secure verification to ensure the customer is real and physically present throughout the journey. integration process.

The company’s new solution encouraged more Credex customers to download the Credex Mobile app and reduced the rate of abandoned transactions, resulting in increased customer satisfaction and a smooth KYC onboarding process.

Credex is a licensed loan company based in Romania that provides secured loans through a fully digital flow. The financial institution has more than 100,000 customers worldwide and offers convenient, easy-to-apply and personalized loan options for individuals and businesses up to EUR 10,000. Credex is owned by Altex, one of Romania’s leading electronics retailers, with over 120 stores nationwide.

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