Case Study: Payset achieves 82% faster onboarding with iDenfy

Payset cuts onboarding time by 82% with iDenfy

Payset, a UK-based financial service provider, faced challenges with its manual KYC process, which was inefficient, costly, and prone to errors. To support its growing customer base and ensure strong fraud prevention, Payset needed to automate its identity verification. The company partnered with iDenfy to implement its AI-powered identity verification solution, which includes document, selfie, and address checks.

By integrating iDenfy's automated system, Payset achieved an 82% reduction in onboarding time. The solution allows customers to complete verification in under two minutes, providing a seamless and secure user experience while enabling Payset to scale efficiently without additional compliance staff. iDenfy's customizable, white-label platform was key to this successful transformation.

Payset