Case Study: Monneo achieves sub-3-minute remote ID verification and faster onboarding with iDenfy

How Monneo enhanced customer onboarding with iDenfy’s

Monneo, a complete end-to-end payment ecosystem provider offering virtual IBANs, corporate accounts, merchant accounts and card acquiring services for eCommerce merchants, struggled with slow, in-person identity verification (notaries, lawyers) when the COVID-19 pandemic halted meetings. To strengthen security and move onboarding to a seamless remote process, Monneo partnered with iDenfy to implement AI-powered remote ID verification.

iDenfy delivered an AI-driven ID verification solution that detects fake identities and forged documents, ensures regulatory compliance, and speeds onboarding. As a result, iDenfy reduced Monneo’s KYC processing time so clients complete full ID verification in less than three minutes, removing pandemic-related barriers and letting Monneo focus on other business priorities.

Monneo

Lili Metodieva

Managing Director