Case Study: Neobridge achieves 77% higher verification pass rate and 67% lower IDV costs with iDenfy's KYC & AML solution

how Neobridge overcame the challenges linked to traditional banking structure’s compliance requirements and minimized costs by switching to a fully automated KYC/AML workflow

Neobridge, a banking platform offering decentralized IBANs and crypto‑wallet settlement, faced complex KYC/AML, licensing and tax requirements and difficulty aligning with partner banks’ compliance and risk processes. To reduce internal compliance workload and speed onboarding, Neobridge engaged iDenfy and its fraud prevention/KYC and AML services.

iDenfy implemented global automated KYC and AML screening (sanctions, PEPs, watchlists) plus ID verification with liveness detection and face‑matching, delivering fast end‑user IDV. As a result, Neobridge cut verification time to 2 minutes, increased verification pass rate by 77%, reduced identity verification costs by 67%, automated AML checks and real‑time fraud detection, and gained critical support for its service launch.

Neobridge

Adrien Brousse

Director