Summary is AI-generated, newsdesk-reviewed
  • iDenfy integrates with Adobe Commerce to enhance identity verification and fraud prevention.
  • E-commerce merchants tackle identity theft and account fraud with iDenfy's strong KYC tools.
  • iDenfy supports global document verification with over 3,000 document types from 200+ countries.

iDenfy has introduced a new identity verification solution integrated with Adobe Commerce, a move that seeks to enhance fraud prevention for large-scale online merchants.

This development aims to fortify security for e-commerce platforms by providing an advanced tool for user authentication, thereby protecting against fraud while ensuring compliance with the latest regulatory standards.

Boosting Security Against E-commerce Fraud

Fraud in e-commerce is a critical concern, with international merchants losing vast sums annually to various scams such as identity theft and account takeovers, which reportedly will make up 35% of all fraud cases by 2025 according to US industry research.

As digital commerce continues to expand globally, the necessity for thorough identity verification is as crucial as the sale of products and services, making secure client onboarding an essential feature.

Adobe Commerce Integration

It supports B2C and B2B structures with robust capabilities such as multi-site and multi-brand management

Adobe Commerce, a sophisticated platform tailored for enterprises, allows businesses to create and manage customized online stores. 

It supports B2C and B2B structures with robust capabilities such as multi-site and multi-brand management, personalized shopping experiences, and integrated systems like ERP and CRM. These systems, backed by Adobe’s cloud infrastructure and AI, enable brands to offer secure and efficient digital shopping experiences worldwide.

Enhanced Fraud Prevention Capabilities

iDenfy's identity verification solution is tailored for Adobe Commerce users to bolster the security of websites against fraud.

By using government-issued documentation and sophisticated biometrics, iDenfy can verify user identities, reducing the risk of scams and fraudulent activities. CEO Domantas Ciulde emphasized, "Our main goal in the company is to help online businesses to grow safely, stay compliant, and keep customer onboarding fast." The process involves a quick face verification and submission of a government ID.

Advanced Verification Processes

The solution operates with a dedicated team handling challenging verification scenarios to maintain a 99.99% accuracy rate. It's designed to prevent frauds using fake images or 3D masks.

Additionally, it’s capable of recognizing over 3,000 document types from more than 200 countries and territories, ensuring a thorough and seamless verification process regardless of user origin.

Comprehensive Fraud Prevention Approach

The solution is equipped to verify identities during high-risk transactions including account registrations

iDenfy targets various fraudulent activities such as account takeovers, illicit use of loyalty points, and unauthorized access to client profiles. 

The solution is equipped to verify identities during high-risk transactions including account registrations, high-value purchases, and withdrawals, providing a secure buffer against potential threats. Domantas Ciulde noted, "Today's e-commerce companies are increasingly struggling with finding a balance between customer experience and security." He advocated for integrating robust identity verification systems without disrupting the customer journey.

Facilitating Global Expansion

iDenfy’s KYC, KYB, and AML solutions, trusted by businesses in over 100 countries, offer expedited onboarding, minimal false positives, and comprehensive regulatory compliance, which assist companies in expanding globally.

This integration also provides merchants with configurable workflows, including risk-based rules and document-type filtering, ensuring versatile and secure operations.

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