iDenfy, a global company known for its expertise in identity verification and fraud prevention, has recently unveiled its ROI Calculator tool. This innovative tool is designed to provide businesses with a clear understanding of the financial impact of their Know Your Customer (KYC) services compared to other industry providers.
The ROI Calculator gives finance and compliance officers, along with product leaders, detailed projections of verification costs. This process, free from the need for extensive consultations or complicated processes, offers transparency through data-driven insights.
A Competitive Landscape
As the identity verification market evolves, the traditional manual verification methods are becoming obsolete. Domantas Ciulde, CEO of iDenfy, notes the increased competition in the industry. It's become essential for businesses evaluating KYC partners or identity verification solutions to account for rapid changes that influence their operations.
For compliance officers who manage these systems, ease of use and a comprehensive overview of verification results are crucial. iDenfy's approach ensures these requirements are met to avoid operational bottlenecks. "Our sales team and Account Managers have actively gathered feedback from our existing clients to enhance our KYC software," said Ciulde. "We offer swift responses, a stark contrast to many major players who struggle with large volumes."
Leveraging AI for Enhanced Efficiency
The new ROI Calculator provides AI-driven estimates using public pricing dataWhile satisfied with current achievements, Ciulde emphasizes that iDenfy has ambitious plans leading up to 2026. These include faster product development and integrating artificial intelligence across sales, marketing, and business development operations. The new ROI Calculator exemplifies this approach, providing AI-driven estimates based on publicly available pricing from leading identity verification services.
Viktor Votrikov, iDenfy's CMO, explained, "Our calculator lets companies gauge pricing effortlessly when considering a switch in KYC vendors or planning budgets. We wanted to deliver on our brand's promise of accuracy and transparency, eliminating the need for price guessing."
About the ROI Calculator
The ROI Calculator highlights savings across four key areas. By eliminating charges for denied, failed, or abandoned verification attempts, users of iDenfy's software benefit from reduced costs even if dropout or denial rates are high.
iDenfy's unique pricing model ensures no charges for uncompleted verifications—an especially valuable feature for sectors like iGaming, where fraudulent account attempts are prevalent.
Operational Features and Benefits
The ROI Calculator outlines four distinct pricing tiers: Enterprise Bronze, Silver, Gold, and the Enterprise Premier for businesses needing over 50,000 verifications annually. Each tier offers varying features like unlimited manager accounts and credit rollovers, with costs per verification decreasing as volumes increase.
Further efficiencies are achieved through iDenfy's ability to automate verification processes, backed by its manual KYC review team. This approach reduces errors and labor costs while allowing companies to charge only for successfully completed verifications.
Integration and Deployment
iDenfy’s ready-to-deploy SDKs drastically reduce integration timelines from four weeks down to just one week, achieving significant cost savings. This reduction in operational overhead, along with 24/7 service support, positions iDenfy as a cost-effective solution compared to traditional vendors.
Domantas Ciulde describes the ROI Calculator as a game-changer, "Our tool shows exactly how much money can be saved from strategic verification management, not just guesses. This precision in demonstrating savings gives us a significant edge." The ROI Calculator stands as a strategic asset for businesses aiming to optimize their verification processes while maintaining cost-efficiency.
iDenfy, a global RegTech company specializing in identity verification and fraud prevention solutions, announced the launch of its ROI Calculator tool, a dynamic comparison gadget that’s designed to help businesses understand the financial Know Your Customer (KYC) service cost impact compared to other popular providers in the industry.
iDenfy’s calculator provides finance and compliance officers, as well as product leaders, with transparent, data-driven projections of verification costs with chosen plans and add-ons without the need to book calls or go through complex, gated processes.
A competitive market
The traditional manual verification method has come to an end. According to iDenfy’s CEO, Domantas Ciulde, the identity verification market has become so competitive over the past few years that it has prolonged the process for businesses, especially when looking for a KYC partner or a new ID verification solution to replace the existing one.
Compliance officers, who are the ones behind using and managing identity verification software, realised that the dashboard needs to be easily worked with and simple to understand, with all verification results in one place; otherwise, backlogs increase, potentially overcomplicating the process for the customers who need to go through KYC as well.
So, in this sense, iDenfy’s CEO, Domantas Ciulde, states that ID verification needs to tick “all of the boxes” to remain competitive and compliant with today’s basic requirements: “Our Sales team and Account Managers in particular have been working closely with existing clients, gathering feedback to improve our KYC software. Compared to other big players, who also juggle large volumes like us, we actually can deliver fast responses without keeping the client hanging for hours.”
AI helps improve efficiency
However, Domantas Ciulde stresses that it’s not enough, as coming into 2026, iDenfy has big future plans, linked to faster product development and the use of AI in many internal processes for Sales, Marketing, or Business Development.
This has already helped improve the efficiency and scale of many tasks. One example is the new ROI Calculator tool, which delivers tailored, AI-powered estimates based on publicly available pricing information from popular identity verification providers.
According to Viktor Votrikov, the CMO of iDenfy, the new calculator helps “test the waters,” especially for those looking to switch KYC providers or those who want to calculate the concrete price and see if it matches their budget. “We removed the main hassle of having to guess the price, as we want to keep our brand’s promise, which is high-quality and accuracy, as well as fair, transparent communication,” added Viktor Vostrikov.
About ROI Calculator
iDenfy’s ROI Calculator evaluates savings across four key value drivers. Direct verification savings eliminate charges for “denied”, “failed,” or “abandoned” attempts.
This means that overall verification costs decrease as dropout or denial rates increase for those using iDenfy’s ID verification software. This is possible because iDenfy has developed its one-of-a-kind pricing model, which doesn’t charge for failed verifications.
According to Domantas Ciulde, the CEO of iDenfy, this is especially important in industries with high fraudulent account rates. For example, in iGaming, many users try to bypass KYC using fake or altered data, creating duplicate accounts and then claiming free promotional benefits, which goes against the platform’s Terms & Conditions.
How it works
The new ROI Calculator presents four pricing tiers: the Enterprise Bronze, Enterprise Silver, Enterprise Gold, and Enterprise Premier for organizations exceeding 50,000 verifications per year. The Enterprise Premier tier provides custom pricing, dedicated support, and tailored commercial structures.
Each plan varies based on the required verification volume and can include features such as unlimited manager accounts, watermark removal, SLA coverage, credit rollover, and more. As businesses purchase higher verification volumes, the cost per verification decreases accordingly.
Automating verifications
Additionally, iDenfy’s in-house manual KYC Review team’s efficiency allows for automating various verification checks, and if needed, manually re-check unsuccessful verifications to verify passports and other identity documents, which significantly reduces mistakes and saves internal officers' labor expenses.
A major return on investment also comes from time savings; customers can be onboarded in under three minutes. Most importantly, businesses pay only for successfully completed verifications, while unsuccessful or abandoned attempts remain free of charge.
Fortunately, iDenfy offers its automatic identification method that is able to analyse customers’ IDs with their information in seconds, and if needed, it can be flexibly changed according to the company's onboarding rules. Unlike traditional verification vendors that charge for every single verification attempt, including automated denies, false rejects, and user drop-offs, iDenfy has presented customers with competitive pricing costs for in credits to stand out in the market.
Ready-to-deploy SDKs
It is worth mentioning that iDenfy’s ready-to-deploy SDKs can reduce typical integration timelines from four weeks to approximately one week, in this way that leads to one-time integration savings. When comparing identity verification automation with the workload and costs of the other industry alternatives, iDenfy can reduce operational overhead by up to 75%, even before needing its 24/7 service support.
“What makes our ROI calculator tool different is that we’re not just guessing at savings, we’re showing exactly how much money is being left on the table when companies pay for verification attempts,” said Domantas Ciulde, the CEO of iDenfy.
