iDenfy, a popular identity verification and compliance solutions platform, has entered into a partnership with Portugal Residency Advisors, a consultancy specializing in relocation and investment services. The collaboration aims to streamline the onboarding process for global clients by integrating advanced identity verification, Near-Field Communication (NFC) technology, and Anti-Money Laundering (AML) screening to enhance security and compliance.
As digital and cross-border transactions continue to increase, the risk of identity fraud and regulatory violations has grown significantly. Global financial fraud losses were estimated at $41 billion in 2022, according to Statista. In response to these challenges, iDenfy’s solutions will allow Portugal Residency Advisors to securely verify the identity of clients across the globe, ensuring faster onboarding while minimizing compliance risks.
Portugal Residency Advisors, which offers a wide range of services including residency assistance, property acquisition, tax compliance, and relocation consulting in Portugal, is known for its tailored services and commitment to customer satisfaction. The firm is now utilizing iDenfy’s robust identity verification system to ensure the legitimacy of its international client base.
“The integration of iDenfy’s solutions will allow us to onboard clients more efficiently while ensuring full compliance with regulatory standards,” said Pedro Branco, Managing Director of Portugal Residency Advisors. “iDenfy’s reliability and ease of use make it the perfect partner as we continue to expand our services.”
Notably, iDenfy’s identity verification platform can recognize over 3,000 types of documents from more than 200 countries and territories. Its advanced biometric and facial recognition technology ensures that only legitimate faces are authenticated, reducing the risk of fraud attempts such as the use of photos, 3D masks, or other deceptive tactics.
In addition to identity verification, iDenfy provides powerful AML screening and ongoing monitoring software, which is integrated into the onboarding process. This tool scans clients against international sanctions lists, politically exposed persons (PEPs), and law enforcement watchlists to identify potential fraudsters. By leveraging data from global authorities such as Interpol, Europol, and the FBI, iDenfy helps Portugal Residency Advisors avoid fraudulent or illegal applicants.
“This partnership with Portugal Residency Advisors is a significant step forward in our mission to simplify the onboarding process for clients while ensuring the highest levels of security and compliance,” said Domantas Ciulde, CEO of iDenfy. “Our advanced verification and compliance technology will help them build trust with clients globally while reducing the risks associated with fraud and money laundering.”
Also, the collaboration also incorporates NFC verification, which is regulated by electronic identification and trust services (eIDAS) to provide enhanced security. NFC technology enables the reading of secure chip data in under 40 seconds, offering a faster and more user-friendly experience for applicants. The system is compatible with both Android and iOS devices and ensures spoof-proof verification by cross-checking security certificates with global authorities.
By leveraging iDenfy’s comprehensive suite of verification tools, Portugal Residency Advisors will be able to improve its due diligence process, streamline client onboarding, and meet both internal and international compliance standards. Accordingly, this partnership reflects the growing need for secure and efficient client onboarding systems that can handle the complexities of global compliance and regulatory requirements.
About iDenfy
iDenfy is a leading provider of identity verification and fraud prevention tools, specializing in Anti-Money Laundering (AML), Know Your Customer (KYC), and Know Your Business (KYB) compliance solutions. Trusted by companies worldwide, iDenfy offers innovative technology designed to protect businesses and streamline client verification. In 2020, iDenfy was named the best Fintech Startup, and in 2024, it was featured in G2’s Autumn report as a top identity verification software provider.
For more information, visit www.idenfy.com.
