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Lithuanian Startup iDenfy Announces Partnership With Electronic Money Institution Clearshift

iDenfy and Clearshift will work together to ensure the safety and security of their clients making online financial transactions.

The team at iDenfy is proud to announce their new partnership with Clearshift; an electronic money institution specializing in international currency transactions.

Lithuania’s iDenfy will now be providing identity verification services for Clearshift to ensure the safety and security of its clients. Clearshift operates in the European, United States, and Israeli markets, and is fully licensed by the Bank of Lithuania as an electronic money institution as of 2020.

When asked why they have chosen to partner with iDenfy, the representatives at Clearshift noted that in order to ensure the prevention of money laundering and other nefarious acts, they needed a way to remotely identify each user. According to the representatives at Clearshift, iDenfy was able to provide an identification solution that was both convenient and compliant with EU regulations. 

The team at Clearshift believes that their new partnership with iDenfy will simplify the identification process, and make their onboarding procedure more efficient. They anticipate an increase in customer satisfaction, as well as increase their clients’ trust in technology and fraud prevention.

Vytenis Pinaitis, Deputy Chief Executive Officer at Clearshift, commented on the iDenfy partnership, “We believe that the partnership with IDenfy will make onboarding simpler and more convenient. We also believe that IDenfy will increase our onboarding success rate while increasing our customers’ trust in technology. The iDenfy partnership means that Clearshift will be able to facilitate, simplify identification verification for our Clients while reducing fraud. Using IDenfy is a win-win from both a regulatory and customer satisfaction perspective.”

iDenfy CEO Domantas Ciulde welcomed Clearshift as its latest partner with these words, “We believe that the partnership with iDenfy will make onboarding simpler and more convenient. We also believe that iDenfy will increase our onboarding success rate while increasing our customers’ trust in technology. The iDenfy partnership means that Clearshift will be able to facilitate, simplify identification verification for our clients while reducing fraud. Using iDenfy is a win-win from both a regulatory and customer satisfaction perspective.

About iDenfy

iDenfy provides online identity verification services for the financial, sharing-economy, and gaming industries. iDenfy was awarded “Startup of Lithuania” in 2018. In 2019 became ‘Startup of the Kaunas City’ and in 2020 won the ‘Fintech Startup Of The Year Award’.

For more information and business inquiries, please visit www.idenfy.com

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