Data breaches and identity theft remain widespread issues online. Due to the global pandemic, many businesses moved to the e-commerce sector. With longer internet usage hours and increased online shopping numbers, scammers found ways to commit fraud.
Then how to upgrade your security to control the fraud chances? Better avail the services of iDenfy. And make your system well protected.
What Is iDenfy?
iDenfy protects every startup and financial institution. The main work areas of iDenfys are to run three layers of the identity verifications process. Then protect the business from the threats of identity threats. These types of identity threats are the big headaches for every digital service and the fraud documentation, forged documents, and identity.
iDenfy is running a three-step verification process. The first step is analyzing the data, then identifying the document’s nature in the next step, and then cross-checking one on ID documents. The target is pretty simple: one individual can view and sign the actual documents.
Here are the five advantages of availing of the services with iDenfy partnership program.
Why Is Sevio Partnering With iDenfy?
Sevio, an advertising company in Finance, formed a partnership with iDenfy. The iDenfy is a verification and fraud prevention platform. With its identity verification, the business will ensure a safe and quick customer onboarding experience for Sevio’s users.
According to the report from Payments Dive, e-commerce fraud surpassed $20B globally in 2021, which is an 18% jump compared to the year before. This also impacted the creation of different payment methods, which led to higher risks of fraud.
For example, recent data from Legal Jobs shows that around 1 in 15 people experience some form of identity theft, whereas credit card fraud accounted for 35.4% of identity theft cases in 2018.
1. Safe Advertising Solution
Due to online shopping becoming a mainstream trend, the demand for digital advertising solutions rose as well. Sevio understood market trends and the need for extra security measures.
That’s why the business concentrates on guaranteeing safe advertising solutions for the Finance and Blockchain sectors. The company is best known for Coinzilla, a platform created in 2016.
2. Different Types Of Ad Options
iDenfy services help advertisers promote their projects by displaying various ads on the publishers’ websites, and the website owners can generate additional revenue by displaying the ads.
With the growing number of newly registered customers, Savio’s goal was to implement a new identity verification service that would help ensure more accurate results and a secure, speedy onboarding process.
3. Have All In One Identity Verification
Specializing in such services, iDenfy stepped in to help the business prevent fraud and detect fake identities. To meet the highest expectations, iDenfy provides a safe identity verification service while providing regulatory compliance.
Due to the company’s recent growth, the security experts added new fraud prevention tools, making the company an all-in-one identity verification, fraud prevention, and compliance platform.
4. Minimize The Freud Chances
Their services help many organizations minimize fraud and eliminate the struggle of constantly changing legal requirements. Sevio isn’t an exception. Due to the newly formed partnership, the business resolved technical issues.
According to the advertising experts, the movement from the dashboard to the identity verification stage sped up the whole onboarding experience for Sevio’s clients. With the added risk assessment form iDenfy, the company now offers a more reliable service for advertisers worldwide and contributes to the ongoing battle against fraud.
5. Identifying The Potential Risks
“Our business understands the importance of identity verification, and what values it brings to the table: security, insurance from risks, trusted customer relationships and partnerships. Overall, it’s an essential investment in today’s world, and we’re happy to share this experience with iDenfy.” – expressed Tiberiu Stîngaciu, the CEO of Sevio.
“Preventing fraud, identifying risks is a must. Many businesses are still on the verge of data breaches. Using proper tools and battling scams online can be a lot less costly than dealing with the consequences of non-effective security software. I’m very proud that we share the same values with our partners who understand how vital identity verification is.” – stated the CEO of iDenfy, Domantas CIulde.
These are the reasons for which you must select the Sevio. For every eCommerce company, consumer security is the most valuable. Unless you do not have a security system, you can not perform a secure transaction when you are taking the services of Sevio. Your whole security system is taking care of the iDenfy itself.