RegTech firm iDenfy increases security for online marketplace users at gaming specialist ByNoGame

iDenfy has announced a new partnership with ByNoGame, a Turkey-based online marketplace business.

The RegTech firm says that its ID verification solution will eliminate fraud in real-time through a quick onboarding process.

Black Friday experiences a nearly 22% increase in fraudulent activity. 🔺 #Scams through texts or emails are just a tiny portion of the work criminals put into during the season’s biggest #shopping event. Learn what you can do as an #ecommerce business: https://t.co/4mgjX9zVYf. pic.twitter.com/IdGwF52mjZ

— iDenfy (@iDenfy) November 24, 2023

ByNoGame didn’t see a highly manual process in identifying and eliminating fraud as an option for its platform. With that in mind, it wanted to improve its design considerations for trust and safety investigations.

It will now be able to onboard users from diverse countries worldwide in a seamless, user-friendly manner.

iDenfy’s coverage of +190 countries and territories will ensure that the nationality of ByNoGame users is not a hindrance to the verification process.

According to iDenfy, the switch to a fully automated KYC workflow will contribute to ByNoGame’s consistent conversion rates. Moreover, it claims that this partnership will enhance ByNoGame’s fraud detection strategy by helping detect potential risks early in the user cycle.

"We aim to support ByNoGame's secure and efficient audience growth, enabling real-time fraud detection and onboarding of legitimate users. Our identity verification software will enhance trust and safety while facilitating ByNoGame's global user expansion,” says Domantas Ciulde, CEO at iDenfy.