TianziPay Chooses iDenfy to Elevate Identity Verification for Seamless International Transfers

  • Digital Identity
  • 11.04.2024 12:05 pm

iDenfy, a Lithuania-based RegTech company offering identity verification technology and fraud prevention tools, announced a new partnership with TianziPay, an Australian cross-border financial service provider. This collaboration aims to enhance the security and efficiency of international transactions while ensuring seamless financial services for TanziPay’s global audience.

TianziPay emphasized the importance of being able to verify all clients with confidence, as the financial sector the company operates also provides fast, reliable, and secure cross-border payment solutions and financial services to its clients. Additionally, the financial service provider wanted to adopt an automated and streamlined solution that would enable it to cross-reference various AML databases automatically and, at the same time, conduct identity verification checks without the need for manual review. Since iDenfy matched this criteria, the company chose to partner with this RegTech service provider.

TianziPay, established in 2023 and headquartered in Sydney, Australia, specializes in consultancy services focusing on funds transfers, asset management, investment, and family office solutions. Regulated by Australian laws and the Australian Transaction Reports and Analysis Centre, TianziPay priority is to uphold compliance standards, including obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2001.

TianziPay’s clientele includes Significant Investor Visa holders, small and medium-sized enterprises, importers/exporters, and international students. The company primarily facilitates international remittances and transfers in major currencies. As a result, they needed a reliable partner that could provide a diverse solution, handling various jurisdictions for identification and global PEPs and sanctions lists for a strong AML program, ideally accessible through a unified dashboard.

Looking for a suitable partner to ensure full regulatory compliance through the onboarding process, the company chose to partner with iDenfy, the full-stack identity verification provider. Currently, TianziPay exploits iDenfy’s advanced 3D liveness detection verification and Anti Money Laundering (AML) scanning and monitoring service within multiple sanctions, politically exposed person checks, as well as Watchlists and Adverse media.

This collaboration with iDenfy enables TianziPay to strengthen its identity verification processes, ensuring full compliance with the latest regulatory requirements and enhancing the overall security of transactions. Likewise, iDenfy commits to the challenge of being at the top of the industry, managing and updating its system to ensure no mistakes are being made, and providing a high-end verification experience through the partnership.

“We envision a future of boundless financial services that realizes multi-generational financial visions for our clients. With iDenfy’s help, we provide fast, reliable, and secure cross-border payments, which is one of our top priorities,” — commented Amanda Huang, the Director of TianziPay.

“Our AML/KYC solutions, along with our expertise in the financial sector, perfectly complement TianziPay's commitment to providing secure and compliant cross-border payments. Together, we aim to streamline identity verification processes and deliver unparalleled customer experiences.” — said Domantas Ciulde, CEO of iDenfy.


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