iDenfy has recently enhanced its hybrid Know Your Customer (KYC) and Anti-Money Laundering (AML) platform, integrating automated systems with in-house human oversight to tackle the increasing issue of synthetic identity fraud.

Research conducted by iDenfy’s internal team indicates that fraud rates have surged by at least 15% across multiple industries, with sectors like iGaming particularly affected due to their high-risk nature.

The updated platform maintains its multi-tier verification structure but places greater focus on human review processes. Upon submission of identity documents, the system cross-references over 3,000 types of government-issued documents from more than 200 countries and territories within a few minutes. Biometric recognition and 3D liveness detection are performed swiftly, with deepfake filters applied at the registration stage.

Unlike purely automated systems, iDenfy ensures that every suspicious submission undergoes manual review by its in-house compliance team. This includes verifying document-to-face matches and evaluating country-specific risk indicators. The company claims to operate its KYC specialists 24/7, minimizing the likelihood of processing delays.

AML Monitoring and Business Verification

The platform’s third layer involves AML screening and continuous monitoring through periodic checks against global sanctions lists, Politically Exposed Persons (PEP) databases, and adverse media reports throughout a user’s account lifecycle. For regulated business clients, iDenfy has introduced an AI-powered company reviewer that automates Know Your Business (KYB) decisions by cross-referencing company documents and conducting Ultimate Beneficial Owner (UBO) verification against government registry data. Cases requiring further scrutiny are escalated to the human review team.

These updates come amid substantial financial risks highlighted by iDenfy. In 2025, US lenders lost over USD 35 billion due to fraudulent identities linked to new bank accounts, while synthetic identity fraud is estimated to cost businesses between USD 20 billion and USD 40 billion annually. Fraudsters often use valid data combined with fabricated information, including deepfake videos, to bypass biometric checks.

According to a company official, the organisation has bolstered its compliance team in the first quarter of 2026, underscoring the importance of human expertise in identifying fraud patterns and anomalies that automated systems may overlook.