Flexado has announced a new partnership with iDenfy, aimed at streamlining the onboarding process for its virtual office clients by integrating advanced KYC and AML compliance solutions.
Flexado, known for revolutionizing the office landscape with remote virtual office offerings, provides businesses with professional locations without the associated high costs. iDenfy, a leader in identity verification and fraud prevention, will support Flexado by ensuring seamless compliance with regulatory requirements.
This collaboration enables Flexado to automate customer onboarding through iDenfy’s AI-powered solutions. These tools will verify identities and screen for compliance with AML regulations, ensuring a smooth and secure experience for users.
Before this integration, Flexado faced challenges with manual verification processes, which were time-consuming and posed scalability issues. Now, with iDenfy’s solutions, clients can register their virtual offices anytime, without manual intervention. This not only speeds up the process but also enhances compliance and risk management.
Ramon ten Tije, CEO of Flexado, emphasized the importance of the partnership: “In a user-centric industry like ours, swift and seamless identity verification checks are crucial. Integrating iDenfy’s KYC and AML solutions has lifted the burden of manual data verification and screening processes for our internal compliance officers.”
Domantas Ciulde, CEO of iDenfy, echoed this sentiment: “With Flexado, we now have a joint mission of simplifying the process of accessing their virtual offices. Our AI-powered identity verification will help onboard their user base in an efficient manner, which is what most of today’s users expect.”
The rise in AML and anti-terrorist financing enforcement actions worldwide has underscored the importance of regulatory compliance. Virtual offices, while providing flexibility and cost savings, also face risks of misuse for illicit activities. Therefore, robust compliance measures are essential.
Why it matters
This partnership between Flexado and iDenfy highlights the critical role of innovation in regulatory compliance. By automating the onboarding process and enhancing KYC and AML measures, Flexado sets a new standard in the virtual office industry. This ensures a secure and efficient experience for users, meeting the evolving needs of the modern business environment.
