The full-stack ID verification will enhance the registration process for the rental network
Kaunas, Lithuania (September 13, 2022) – the global identity verification and fraud prevention startup, iDenfy, announced its new collaboration with BEEP.Rent, the online car rental network offering services for drivers and customers. Using iDenfy’s full-stack ID verification solution will ensure a fast and easy authentication process for BEEP.Rent.
Fraudsters are finding new ways to commit complex crimes in the sharing economy sector. While the industry is booming, according to BEEP.Rent, and operating a car rental business comes with challenges, especially regarding ensuring security and compliance. On top of that, automobile thefts have been on the rise for the past few years, bringing danger to digital car rental platforms. As a result, fake identities and stolen driver’s licenses are the key reasons car rentals must ensure that the person picking up the car is legitimate.
According to iDenfy, uploading an authentic driver’s license isn’t enough to prevent fraud in the car rental landscape. For complete accuracy and transparency, verifying another legal document, such as an ID or a passport, is needed to identify who is renting the vehicle. For remote car rental companies, such as BEEP.Rent, optimizing a swift and secure customer registration process is a priority. Accordingly, the rental experts decided to look for reliable digital solutions to improve security while guaranteeing a user-friendly journey to welcome new customers.
BEEP.Rent operates as a unique platform both for drivers and customers. Unlike traditional car rentals, the company has unique car pick-up points for its drivers, eliminating the obligation to have a car. The company strives to remove law and insurance barriers and aims for the highest security standards by staying compliant with ever-changing regulations. The growing number of customers downloading the advanced mobile app from BEEP.Rent required a more robust ID verification solution to help onboard new clients faster.
iDenfy specializes in Know Your Customer (KYC) compliance and is best known for its four-step, end-to-end identity verification service. iDenfy supports over 2000 document types from more than 200 countries and territories. The AI-powered algorithms scan and review the document, which is later reviewed manually by one of iDenfy’s in-house KYC experts.
The ID verification startup offers a flexible payment module, requiring BEEP.Rent to cover only successful verifications, which was an advantage for the new partner. iDenfy’s identity proofing put a green light for a simpler user onboarding. Currently, it takes less than a minute to welcome a new client on BEEP.Rent’s platform, allows the rental agency to quickly onboard customers and unlock vehicles without hassle.
“All of our contracts with partners are signed remotely, so we need to be sure that all parties are correctly identified. iDenfy’s real-time identity verification provides the needed convenience for our customers and protects from fraud or any potential damages.” — said Kamil Put, the CEO of BEEP.Rent.
“Given the rise of fraudulent documents, identity verification is essential, and car rental platforms aren’t an exception. We’re glad to partner with a modern and secure sharing economy platform that is on the same page regarding having high-security standards.” — added Domantas Ciulde, the CEO of iDenfy.
iDenfy, a platform of identity verification services and fraud prevention tools, ensures AML and KYC compliance for every company — from large-scale businesses to small organizations. The rapidly growing business was named the best “Fintech Startup” in 2020. The company also received recognition for winning a Baltic Assembly Prize for innovation in 2021.
For more information and business inquiries, please visit www.idenfy.com