iDenfy’s latest AI feature empowers businesses to verify corporate identities for KYB onboarding in a single, summarized document
-- iDenfy, a Lithuania-based RegTech solution provider, launched its newest innovation, an AI Company Report feature on its Know Your Business (KYB) platform. verification report feature. The new report is now available on the KYB dashboard, allowing clients to verify company data, uncover hidden risks, and ensure transparency across corporate onboarding operations. The main goal is to address the growing complexity of KYB compliance data among businesses and simplify due diligence processes by summarizing key company data in one place.
With the rise of shell companies, fake business entities, and fraudulent suppliers, corporate verification has become a weak point in global compliance. According to the recent Europol report analysis of financial and economic crime, Infiltration into the legal system is what makes crime pervasive and destructive. More than 80 % of the criminal networks active in the EU misuse legal business structures. In response, iDenfy has launched its latest AI-based Business Verification feature, aiming to help companies to combat fraud and meet growing Know Your Business (KYB) requirements with much greater speed and simplicity.
The new AI-generated report feature from iDenfy offers a fully automated and AI-generated company report that condenses complex data into a single, actionable view. Rather than spending long hours manually to review corporate filings or navigate outdated registries, compliance officers can now instantly access business insights, that includes various ownership structures, company background, and risk indications.
The new feature plays a main role for industries like fintech, crypto, online marketplaces, as well as cross-border payment platforms, where failing to properly verify a business could lead to wrong decisions to onboard fraudulent entities. In this way exposing companies to money laundering risks, receive compliance fines and damage its own reputation. In the iDenfy dashboard, clients are able to access the particular Business Verification section, there they can view all onboarded companies with the key details, including the business name, date of registration, and country of incorporation.
Currently, the AI-generated KYB report includes verified fields like business registration number, tax ID, legal status, incorporation date, employee count, business address, contact information, and a brief operational description. Additional data, such as directors, shareholders, affiliated companies, and beneficiaries, are included to support ultimate beneficial ownership (UBO) screening details.
“Corporate due diligence is no longer a nice-to-have thing; it’s a regulatory necessity. Fraudsters are getting smarter at disguising their businesses. That’s why we built this tool to give compliance teams a faster way to detect red flags and act before the risk becomes a liability,” said Domantas Ciulde, the CEO of iDenfy.
Important to note, that the tool is also capable to detect mismatches or anomalies between reported and verified data. iDenfy’s AI engine provides contextual risk recommendations that flag missing information, cross-border inconsistencies, and signs of circular ownership, which is a common tactic used in shell operations. The system offers clear, AI-backed suggestions, such as need to validate jurisdiction records, requesting enhanced documentation, or re-checking shareholding structures.
“This goes beyond traditional document validation. We’ve created an intelligent solution that not only highlights what’s wrong, but tells you why it matters and what to do next. That level of insight transforms how teams handle KYB,” added Domantas Ciulde, the CEO of iDenfy.
About the company: iDenfy is a RegTech business best known for its identity verification services and fraud prevention tools, which help ensure AML, KYC, and KYB compliance for every company, from large-scale businesses to small organizations. iDenfy was featured in G2’s Summer 2025 Report as one of the leading ID verification and Anti-Money Laundering (AML) solution providers. For more information and business inquiries, please visit www.idenfy.com
Contact Info:
Name: Aurimas Kybartas
Email: Send Email
Organization: iDenfy
Address: Barsausko g. 59
Website: https://www.idenfy.com/
Video URL: https://www.youtube.com/watch?v=je1oqkbj7Uo
Release ID: 89171077
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