Kaunas, Lithuania (February 17, 2023) — iDenfy, the global anti-fraud and identity verification service platform, announced partnering with Today’s Crypto, the innovative cryptocurrency news streaming service. The new KYC solution will help verify content creators while preventing fraud in real-time.
Video streaming content has gained recognition in recent years by enabling businesses to deliver content more conveniently. Since the global pandemic, the sector’s success has continued to grow. Market Research Future’s report estimates that the streaming market will reach at least $247 billion by 2027. iDenfy’s team explained that this rapid scaling puts companies at risk of fraud and data breaches.
Today’s Crypto understands the importance of having a bulletproof fraud prevention system, agreeing that the digital environment calls for more robust security measures. The company positions itself as a secure, user-centric cryptocurrency video streaming platform. Today’s Crypto looked for a new identity verification solution to protect its assets and prevent fraudsters from accessing the crypto streaming platform.
As claimed by the streaming business, its team needed a solution that could help protect data from being accessed by unauthorized parties and, at the same time, prevent video content tampering. Consequently, Today’s Crypto chose iDenfy’s full-stack identity verification service to build a seamless sign-up process for its content creators.
Its new partner, iDenfy, helps Today’s Crypto meet Know Your Customer (KYC) requirements and ensure a frictionless onboarding experience. iDenfy became Today’s Crypto preferred choice due to the startup’s feature-rich identity verification offering. Currently, iDenfy assists the crypto streaming platform in collecting data and verifying content creators. According to Today’s Crypto, the IDV provider’s extensive support and user-friendly interface positively impacted its decision to select iDenfy’s service.
With its end-to-end IDV solution, iDenfy will aim to keep crypto content monetization fraud-free. The verification of all Today’s Crypto content creators will stop fraudulent users from accessing the crypto streaming platform, enabling secure streaming payouts. iDenfy’s team assured that the new partnership will remove any potential security vulnerabilities and ensure that Today’s Crypto is used only by legitimate users.
iDenfy tested 5 million facial biometrics and found that its algorithm has a 98.4% success rate. To maintain complete accuracy, iDenfy’s in-house expert team manually reviews each verification in real-time. As an absolute must, the company explains the need for intuitive and easy-to-use ID verification. According to Today’s Crypto, this is a huge factor in successful content creator onboarding.
Due to the partnership, the streaming platform handed the administrative work over to iDenfy. It’s worth mentioning that iDenfy covers over 3,000 ID documents worldwide, now helping Today’s Crypto validate their global content creator base easier. Looking to the future, the blockchain streaming platform will continue to focus on user and content growth, aiming to increase its audience.
“As a streaming platform providing quality crypto content, security is one of the top concerns. Our partnership with iDenfy increased our confidence, helping us verify all content creators faster and easier,” — said Luke Harte, the CEO of Today’s Crypto.
Domantas CIulde, the CEO of iDenfy, added: “Our goal is to share the best identity verification and fraud prevention practices with our partners, helping them scale faster by building a fully automated security program. iDenfy’s team is happy to work with Today’s Crypto and help them ensure a smooth content creator verification experience.”
iDenfy, a platform of identity verification services and fraud prevention tools, ensures AML, KYC, and KYB compliance for every company — from large-scale businesses to small organizations. The rapidly growing business was named the best Fintech Startup in 2020. Recently, iDenfy was featured in G2’s Winter 2023 report as the leading identity verification software.
For more information and business inquiries, please visit www.idenfy.com.