A Lithuania-based company focused on identity verification, compliance, and fraud prevention, iDenfy, has joined forces with Ping Proxies, a UK-based provider of ethical residential proxies.
This collaboration aims to enhance the Know Your Customer (KYC) onboarding process for web-data users by integrating AI-powered identity verification. Ping Proxies will utilize iDenfy’s KYC software while safeguarding its proxy infrastructure from fraudulent sign-ups.
Ping Proxies operates as an ethically sourced residential proxy network, boasting over 35 million IPs and high-performance static ISP proxies across more than 15 countries. It serves industries such as digital marketing, e-commerce, and competitive intelligence by helping to collect and analyze data at scale.
To address the rapid expansion of its customer base and ensure secure user onboarding without compromising speed, Ping Proxies adopted iDenfy’s proprietary identity verification technology. This switch has automated the user onboarding process, improving both efficiency and security.
Details of the Partnership
iDenfy’s ID verification solution enables Ping Proxies to verify customer identities quickly through biometric facial recognition. The platform also supports document verification and passive liveness detection. Users can upload government-issued IDs and selfies directly, which are then processed by iDenfy’s AI technology before being reviewed by a 24/7 human verification team for additional accuracy.
Currently, iDenfy’s solution caters to over 3,000 document types from more than 200 countries and territories. This global support allows Ping Proxies to scale its business effectively while maintaining high verification accuracy rates above 99.99%, thus minimizing drop-offs and fraudulent sign-ups.
Rising Concerns About Identity Fraud
According to a 2024 report by Javelin Strategy & Research, financial losses due to identity fraud in the U.S. reached USD 47 billion. This underscores the risk digital-first companies face during onboarding.
iDenfy’s platform offers essential tools for businesses looking to scale while maintaining trust and preventing fraudulent activities. It provides Anti-Money Laundering (AML), KYC, and Know Your Business (KYB) compliance for its customers.
