The RegTech startup will help automate the customer onboarding process while building a frictionless KYC flow
Kaunas, Lithuania (August 2, 2023) — iDenfy, a global RegTech startup offering identity verification and fraud prevention solutions, joined forces with Beyond the Pines Productions, a Florida-based video production equipment rental business providing convenient resources for out-of-state and local production companies. iDenfy’s Magic Link tool will help the rental company simplify identity verification.
As companies scale, according to iDenfy, they typically want to switch from manual in-house identity verification processes to a fully automated KYC onboarding flow. This is an important factor when building a pleasant experience for the users, no matter the industry. According to iDenfy, many of their partners that switched KYC providers over the years claim that automated ID checks have helped reduce drop-offs, allowing them to handle massive amounts of documents in seconds.
Similarly, Beyond the Pines Productions is committed to providing clients with a smooth and hassle-free KYC experience. They recognize the importance of ensuring that the process of verifying identities is seamless, efficient, and user-friendly. According to the business, this is particularly crucial in the video production and rental industry, where building trust and maintaining a positive customer relationship is paramount.
When questioned about the benefits of automated identity verification, iDenfy officials clarify that relying on manual comparison of ID documents increases the likelihood of human errors. In contrast, the software allows for quick identification of potential issues within seconds. Beyond the Pines Productions prioritized aspects such as user experience, simplicity, and adaptability in their search for an identity verification solution. Adding to these factors, the availability of iDenfy’s Magic Link tool played a significant role in influencing their decision to establish a partnership.
The Beyond the Pines Productions team perceives film as extending beyond mere online posts or presentations to investors. According to the company, videos serve as our link to the current moment and what will endure as time progresses. This is precisely why renting out video equipment is considered the optimal approach, as it enables the preservation of treasured moments, adventures, and aspirations.
In line with their goal of delivering an exciting journey for their customers, Beyond the Pines Productions implemented iDenfy’s AI-powered identity verification solution. By doing so, they aim to eliminate any potential barriers or friction that clients might encounter during the identity verification process. iDenfy’s technology allows for quick and accurate verification of IDs, reducing the chances of errors and streamlining the overall process. This not only enhances the convenience for their clients but also helps prevent any unnecessary delays or complications.
Beyond the Pines Productions intends to integrate iDenfy’s ID verification solution into its internal email system. This add-on will apply to online rental orders as well as to clients who require verification for KYC compliance as well as data security purposes. Implementing iDenfy’s Magic Link tool requires no extra programming effort, enabling Beyond the Pines Productions to offer clients a distinct yet universally applicable link for various identity verifications. This contrasts with their previous approach, which involved generating a separate unique link for each individual verification.
“iDenfy provided a cost-effective and simplified identification process with their Magic Link feature. Our partnership helped achieve our goal of streamlining the rental checkout process,” — said Dominic Anaya, the CEO of Beyond the Pines Productions.
“We’re happy to assist our partners at Beyond the Pines Productions in building a smooth remote verification flow. Streamlining the rental checkout process doesn’t have to be a hassle, and our solution will certainly help them save time and enhance the verification rate,” — commented Domantas Ciulde, the CEO of iDenfy.
iDenfy is a RegTech startup that provides AML, KYC, and KYB compliance solutions to businesses of all sizes. The company has been recognized as a leading identity verification software in G2’s Winter and Spring 2023 reports. iDenfy has also won the “Enabler of the Year” category at the Lithuanian Fintech 2023 awards.
For more information and business inquiries, please visit www.idenfy.com.