Property-tech company enhances onboarding with iDenfy

iDenfy,
an
identity
verification
and
fraud
prevention
platform,
announces
a
new
partnership
with
June,
a
property-tech
company.

In
partnership,
the
new
ID
verification
solution
will
provide
a
smooth
applicant
onboarding
flow
while
effectively
detecting
fraud
for
June’s
growing
customer
base. 

June
says
it’s
taking
a
mobile-first
approach
to
the
retail
industry,
providing
residents
and
owners
with
a
simpler,
cleaner
and
more
efficient
rental
experience. 

The
company’s
desire
to
strike
a
balance
between
user
experience
and
effective
fraud
prevention
led
to
it
acquiring
the
automated
identity
verification
system.

IDenfy
says
the
prop-tech
rental
industry
is
vulnerable
to
identity
theft
when
criminals
use
stolen
personal
information
to
rent
apartments
online.
It
warns
that
this
can
result
in
significant
financial
losses,
legal
complications,
and
reputational
damage
to
rental
businesses. 

To
address
this
threat,
June
has
now
integrated
iDenfy’s
identity
verification
into
their
applicant
onboarding
flow
to
provide
seamless
and
personalised
customer
experiences.

Until
partnering
with
iDenfy,
the
company’s
application
review
process
was
entirely
manual.
However,
as
the
company
scaled
up
its
operations,
this
became
increasingly
costly
and
difficult
to
manage.

Now,
new
customers
interested
in
renting
apartments
can
simply
take
a
picture
of
their
ID
document
and
will
be
automatically
accepted
to
June’s
platform
without
the
need
for
internal
team
supervision.

This
effectively
helps
to
minimise
processing
time
and
prevent
fraudulent
activities,
including
property
scams,
identity
theft,
and
money
laundering.

Currently,
on
average,
iDenfy
helps
prop-techs
welcome
new
customers
in
an
average
of
two
minutes.

By
implementing
iDenfy’s
verification
software,
June
anticipates
that
they
can
reduce
the
average
verification
review
time
by
more
than
50%
without
compromising
the
quality
of
their
application
process.

This
was
the
partnership’s
primary
goal
for
June,
which
claims
that
its
original
in-house
ID
check
process
posed
several
challenges,
especially
during
high
season.

Daniil
Sigal,
Director
of
Product
at
June,
comments:
“Our
team
believes
renting
should
be
hassle-free
and
straightforward
for
tenants
and
landlords.”

“We’re
glad
to
use
iDenfy’s
identity
verification,
helping
us
provide
a
modern
and
secure
solution
that
not
only
adds
convenience
but
completely
transforms
the
rental
experience.”

Domantas
Ciulde,
CEO
at
iDenfy,
adds:
“As
an
end-to-end
fraud
prevention
platform,
we’re
committed
to
helping
our
partners
build
a
customer
experience
they
can
be
proud
of.” 

“For
June,
that
means
enhancing
the
customer
onboarding
process
via
fully
automated
ID
verification,”
says
Ciulde. 

IDenfy’s
software
currently
supports
more
than
3000
ID
documents
across
various
countries,
which,
according
to
iDenfy,
will
help
June
expand
into
new
markets
and
ensure
compliance
with
global
and
local
regulations.

In
recent
success,
iDenfy
has
been
recognised
as
a
leading
identity
verification
software
in
G2’s
Winter
2023
report.
The
company
has
also
won
the
“Enabler
of
the
Year”
category
at
the
Lithuanian
Fintech
2023
awards.

About Author

AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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