UpStack will use iDenfy’s biometric identity verification to onboard customers more quicker.
Kaunas, Lithuania (December 14, 2022) – iDenfy, AI-powered ID verification, fraud prevention, and compliance startup, announced partnering with UpStack, a premium staffing solution for fast-growing companies. iDenfy’s AI-driven biometric ID verification will enhance the safety of UpStack while helping onboard applicants more efficiently.
The risk of hiring fraudulent candidates got more prominent over the global pandemic when remote hiring reached its peak. The new default for many companies remains digital talent acquisition due to its many beneficial factors, including removing geographic barriers and saving time or costs for traveling. According to iDenfy, the recruitment market must be protected by robust solutions to stop the use of deep fakes, altered documents, and stolen identities of fraudsters trying to score remote work positions.
UpStack centers on helping other businesses find skilled developers. The company understands the importance of having a multi-layer security system in place. By fast-tracking the tech hiring process with personalized matching, the staffing solution provider ensures a seamless onboarding for the talent while businesses can concentrate on their other business goals. Being in the HR space, UpStack started to search for more efficient ways to prevent fraudsters from trying to access its tech talent hiring hub.
UpStack prioritized secure, end-to-end identity verification and AML service providers when searching for new fraud prevention solutions. Hence, the HR enterprise joined forces with iDenfy to mitigate fraud risks and automate pre-employment screening. iDenfy is now responsible for ensuring that all UpStack’s applicants are protected, and their sensitive data is stored in a compliant manner.
By partnering with iDenfy, UpStack managed to speed up the onboarding process, guaranteeing that only legitimate applicants are allowed into their talent network. With the new verification, UpStack’s users go through a simple, four-step process where iDenfy’s software, powered by biometric technology, instantly detects the use of deep fake videos, 3D masks, and any type of fraudulent imagery.
Additionally, iDenfy runs AML checks using its Screening tool to automatically check if the applicant isn’t included in global watchlists, sanctions lists, and PEPs. It’s worth mentioning that the compliance service provider has an in-house team of experts who additionally review each candidate application to ensure complete accuracy for UpStack.
As specified by iDenfy’s CEO, Domantas Ciulde, flexible and user-friendly ID verification is vital in the digital sphere to maximize security for a platform like UpStack. Despite that, it’s critical to maintain efficiency without compromising on security:
“Increased volumes in remote hiring means more opportunities for fraudsters. We’re helping our partners at UpStack improve the experience for the candidates and secure the best talent in tech,” — added Ciulde.
“We’re excited to join forces with true professionals in the KYC/AML field, iDenfy. Our top priority as a growing company is to stay compliant with security policies and provide top-notch services in the most reliable and trusted manner,” — commented Roxanna Duta, Head of Talent at UpStack.
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 visitIdentity Verification Service | ID Verification – iDenfy