Case Study: HollaEx achieves faster, fully automated KYC verification with iDenfy

HollaEx speeds up KYC verification 5x with iDenfy

HollaEx, a provider of white-label crypto exchange software, faced significant challenges with manual ID verification processes. These processes were time-consuming, costly, and increased susceptibility to fraud, which hindered their growth goals and impacted their exchange business operator customers. To automate onboarding and strengthen fraud prevention, HollaEx partnered with iDenfy for its AI-powered identity verification and AML screening services.

By implementing iDenfy's automated KYC/AML workflow, HollaEx integrated a custom KYC plugin into its premium exchange packages. This solution provided a fully automated verification process for end-users, including document scanning and biometric liveness checks. The results for HollaEx included a verification process that is five times faster, with an average time under 60 seconds. Furthermore, sales increased by 10-15% due to package upgrades that included iDenfy's KYC plugin.

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