iDenfy, a global leader in identity verification, compliance, and fraud prevention, is excited to announce its partnership with Circle’s Alliance Program—a global network of industry leaders working together to drive financial innovation and inclusion. Through this collaboration, iDenfy will provide its cutting-edge identity verification, anti-money laundering (AML), and Know Your Business (KYB) solutions to Circle’s ecosystem, helping businesses streamline compliance, prevent fraud, and unlock new opportunities in digital finance.
Circle: Advancing Blockchain-Powered Financial Solutions
Circle, a leading financial technology company, empowers businesses of all sizes to leverage digital currencies and blockchain technology for payments, commerce, and financial applications. Best known for issuing USD Coin (USDC), Circle is at the forefront of creating a more open and inclusive financial system. Its Alliance Program unites businesses and innovators to accelerate blockchain adoption and advance financial security.
By joining this program, iDenfy gains access to a network of industry pioneers, enabling deeper engagement with emerging trends, strategic collaborations, and increased brand visibility. This partnership allows iDenfy to showcase its compliance expertise, helping businesses safeguard against money laundering, fraud, and financial crimes.
iDenfy’s AI-Powered Compliance & Identity Verification Solutions
iDenfy offers a comprehensive suite of compliance tools, supporting over 3,000 identity documents from 200+ countries and territories. Its all-in-one platform integrates:
✔ Advanced Identity Verification – AI-powered facial recognition ensures authenticity, detecting and preventing fraud attempts.
✔ Business Verification (KYB) – Access to official credit bureaus, PEP screenings, sanctions lists, and adverse media checks.
✔ Ongoing Monitoring – Continuous compliance checks with audit-ready reports for regulatory needs.
Unlike traditional pricing models, iDenfy’s pay-per-approval approach ensures businesses only pay for successfully verified users, eliminating costs for failed attempts—offering a cost-efficient alternative to competitors.
Strengthening Financial Security & Trust
As part of Circle’s Alliance, iDenfy will collaborate with top industry players, drive financial security, and help businesses stay ahead of evolving regulations. This partnership underscores iDenfy’s commitment to fostering trust in digital transactions and expanding secure, compliant financial systems worldwide.
“We are excited to join Circle’s Alliance Program and contribute to a more secure and inclusive global financial ecosystem. Our AI-driven identity verification and fraud prevention solutions help businesses navigate compliance challenges while ensuring a seamless user experience,” said Domantas Ciulde, CEO of iDenfy.
With 600+ global clients, including the Bank of Lithuania, iDenfy has established itself as a trusted compliance partner, delivering advanced, user-friendly verification solutions.
Jeremy Allaire, Co-Founder & CEO of Circle, welcomed iDenfy, stating:
“It’s a privilege to have iDenfy as part of our Alliance. Their expertise in identity verification aligns with our vision of a secure and innovative financial ecosystem. Together, we can empower businesses to combat financial crime while driving growth.”
Ciulde added: “In today’s fast-evolving digital landscape, businesses need powerful, efficient compliance tools. Partnering with Circle expands our reach, allowing us to make a significant impact on financial security and fraud prevention.”
Through this collaboration, iDenfy and Circle aim to strengthen compliance frameworks, enhance fraud prevention, and drive the global adoption of secure, blockchain-powered financial solutions.
—————————————————————————————————
About Innovation Streets:
Welcome to InnovationStreets.com! Get the latest insights from the finance and technology industries. Discover industry updates on fintech innovations, regulatory developments, industry insights, events, and collaborations between banks, insurers, and fintechs. A platform for C-level executives to submit thought leadership content for their peers. Subscribe for updates!
