iDenfy, a global provider of regulatory technology (RegTech) solutions specializing in Know Your Customer (KYC), Anti-Money Laundering (AML), and Know Your Business (KYB) verification, has announced the opening of a new office in Delaware. Notably, the move marks a significant milestone in the company’s efforts to expand its footprint in North America and meet the growing compliance needs of U.S.-based companies.
Accordingly, the Delaware office aims to strengthen iDenfy’s ability to provide localized services and solutions to its expanding customer base in the U.S., particularly in industries facing stringent regulatory requirements. “This is a huge step for our platform,” said Domantas Ciulde, CEO and Co-Founder of iDenfy. “The new office allows us to more effectively meet legal requirements and build strong, long-term relationships with our partners in the U.S.”
Growth in the U.S. Market Drives Expansion
Since its founding in 2017 in Kaunas, Lithuania, iDenfy has grown significantly, now employing over 50 in-house specialists. With the U.S. expansion, the company plans to increase its local team, hiring compliance officers and partnership enablement specialists to better cater to the specific needs of American clients.
Ciulde credits the company’s transparent communication and employee-centric culture for its success. Unlike many competitors, iDenfy avoids outsourcing and has retained many of its developers since its early stages, enabling the creation of innovative tools such as automated risk assessment, bank verification, and KYB solutions tailored for diverse industries.
Meeting U.S. Compliance Challenges with AI Solutions
Significantly, iDenfy’s identity verification technology is designed to address U.S.-specific regulations, including mandatory age verification laws in certain states. For context, these requirements are increasingly relevant for industries such as digital assets, fintech, and social media platforms. iDenfy’s AI-driven system can analyze biometric data to verify user identities, ensuring compliance with regulatory standards.
In addition to age verification, iDenfy offers solutions for address checks and proof of income verification, which are critical for due diligence in industries such as fintech and blockchain. Meanwhile, Its customizable platform integrates KYC, KYB, and AML tools in a single dashboard, providing efficiency and ease of use for its partners.
A Focus on Privacy and Security
iDenfy’s commitment to data protection is demonstrated by its certification under the California Consumer Privacy Act (CCPA). This certification highlights its adherence to U.S. privacy laws, further solidifying its reputation as a reliable RegTech partner for compliance and fraud prevention.
Delaware as a Hub for Growth
The Delaware office will serve as a central hub for collaboration, underscoring iDenfy’s long-term investment in the U.S. market. The company’s focus on customizable, AI-powered solutions positions it to meet the evolving needs of industries such as fintech, e-commerce, and digital assets.