iDenfy, a Lithuania-based RegTech company offering identity verification and fraud prevention solutions, announced a new partnership with StackGo, an Australia-based software development company best known for its SaaS solutions specializing in financial services, legal, real estate, and education sectors.
To revolutionize compliance for regulated SMEs, StackGO entrusts iDenfy with the responsibility of implementing its cutting-edge AML Screening solution. This will enable StackGo to automatically assess risks and detect fraud, ensuring that the company’s clients benefit from streamlined compliance processes.
In an industry where regulated SMEs face the challenge of managing mandatory workflows, StackGO stands out by leveraging the power of the software to business organizations. Traditionally, businesses in this sector had to either handle workflows manually or invest significant resources in designing, building, and managing their integrations. StackGO offers a seamless alternative, allowing these companies to integrate workflows into their existing tech stack with just a few clicks, making their lives easier.
The decision to partner with iDenfy was driven by StackGO’s commitment to provide a robust solution focusing on a clear API, associated documentation, and a sensible commercial model. Integration with iDenfy proved to be straightforward, with no operational issues encountered thus far. The partnership has resulted in a positive impact on StackGO’s clients, who appreciate the seamless integration and efficient operations.
StackGO mainly utilizes iDenfy’s AML screening solution, specifically Adverse Media screening. This product is crucial for legal services and lending businesses in Australia, the United Kingdom, and the United States, enabling them to access real-time Adverse Media results against verified identities. This enhancement further strengthens StackGo’s commitment to providing easy-to-use compliance solutions within the existing tech stacks of SMEs.
iDenfy is aware of how important it is to apply biometric identification technology and consistently enhance and expand AML screening solutions, especially Adverse media. As part of the strategic collaboration with StackGO, iDenfy is committed to actively monitoring and analyzing emerging trends and threats in the regulatory landscape. This proactive approach ensures that the Adverse Media screening solution remains not only effective but also evolves to address new challenges and risks that may arise.
“We are excited about the value that iDenfy brings to our platform. Their AML screening solution significantly enhances our compliance capabilities, enabling us to offer more robust and efficient services to our clients,” — said Matt Callis, Co-Founder of StackGO.
Commenting on the partnership, Domantas Ciulde, the CEO of iDenfy, stated, “Our collaboration with StackGO aligns perfectly with our mission to empower businesses with innovative identity verification and fraud prevention solutions. Together, we look forward to driving efficiency and compliance for regulated SMEs across various industries.”
As StackGo and iDenfy embark on this strategic partnership, the companies are dedicated to delivering innovative and impactful solutions that will empower regulated SMEs to navigate compliance challenges seamlessly.
