iDenfy Explained: KYC, KYB and AML Screening for Crypto

iDenfy at a glance

Item	Detail
Founded	2017, Kaunas, Lithuania
Products	ID verification with liveness, KYB, AML screening and monitoring, fraud and risk tools, face authentication, proof of address, bank verification, questionnaires
Coverage (company figure)	200+ countries and territories
Security (company statement)	ISO/IEC 27001:2022, SOC 2 Type II
Integration	REST API, dashboard, webhooks, Zapier, MCP
Pricing model	Per verification, with an option to pay only for approved ones
SFF 2026	Booth 5J25-B, Lithuanian pavilion, Hall 5

What iDenfy does

iDenfy runs identity and compliance checks for businesses that onboard customers online. A user photographs an ID document and records a short selfie video; iDenfy checks the document, compares the face, tests that the person is live, and returns a decision to the business, which can then screen the person against sanctions and PEP lists and keep monitoring them.

Its documentation groups the products like this:

• ID verification (KYC): document authenticity, data extraction and face matching, with liveness checks that confirm a live person is in front of the camera rather than a photo or a recording.
• Business verification (KYB): company records, directors and beneficial owners, and verification of the people behind the company.
• AML screening: checks against sanctions, PEP and adverse-media lists, plus ongoing monitoring that flags changes after onboarding.
• Risk and fraud prevention: risk profiles, custom rules and blocklists, and signals such as proxy detection.
• Face authentication: a quick biometric re-check of an existing customer before a sensitive action.
• Extras: proof of address, bank account verification through open banking, and questionnaires, for example source-of-funds declarations.

Results come back through webhooks, so a business's own system gets the decision as soon as it is made. iDenfy also offers a Zapier connector and a Model Context Protocol (MCP) server for teams wiring checks into internal tools.

Pricing

iDenfy charges per verification. Its pricing page, as indexed in October 2026, listed a pay-as-you-go plan from $135 a month at $1.35 per verification and enterprise pricing from $0.55 per verification, and it offers billing for approved verifications only, so failed, fraudulent or abandoned attempts are not charged.

The approved-only option matters more than the headline price for crypto sign-ups. Fraudsters probe onboarding with fake and stolen documents, and on a per-attempt model the business pays for every probe. Treat the listed figures as a starting point: AML screening, monitoring and KYB are priced separately, and volume changes the rate.

The crypto compliance flow

iDenfy publishes a recommended flow for exchanges and wallet providers, framed against MiCA, EU AML rules and the FATF Travel Rule:

1. Register: the user signs up.
2. Verify: document and face checks start a verification session.
3. Screen and monitor: after approval, run AML screening and switch on ongoing monitoring. Its documentation is blunt: a one-time check at onboarding is not sufficient.
4. Re-verify high-risk actions: face authentication before large withdrawals.

A questionnaire can collect source-of-funds declarations, and webhooks deliver results in real time. What the flow does not cover: tracing the history of the crypto itself, which needs a blockchain analytics provider, and exchanging Travel Rule data with other providers, which needs a Travel Rule messaging network. iDenfy handles the customer; those tools handle the coins and the counterparties.

Recent deployments

Announcements from 2026, as reported by the trade press:

• Hetzner (March 2026): the cloud host added iDenfy's automated KYC to its sign-up flow.
• 5 Star Jets (April 2026): iDenfy's ID verification and AML screening sit at the front of the private-aviation firm's crypto payment gateway.
• NuxGame (April 2026): KYC and AML for iGaming operators on its platform.
• RATO Bank (May 2026): the Lithuanian bank embedded iDenfy's ID verification and AML screening in its new mobile app.

On the crypto side, iDenfy also announced in October 2024 that the fiat-to-crypto exchange GlolinkOTC had integrated its KYC and AML tools.

How iDenfy could fit Stellar

On Stellar, KYC is the anchor's job. Anchors, the regulated firms that swap tokens for bank money, collect customer information through SEP-12, a standard API that wallets use to send names, documents and selfies. SEP-12 defines the interface, not the checks, so an anchor can route what it receives to a provider such as iDenfy and return the result as the customer's status.

The practical benefit is reuse: once a wallet supports SEP-12, a user can be onboarded by any anchor that supports it, and the anchor can change verification vendors without changing what the wallet sends. We are not aware of a published iDenfy SEP-12 connector; an anchor would build the link using iDenfy's API and webhooks. Background: Stellar anchors explained, MoneyGram's ramps on Stellar and issuing an asset on Stellar, where issuers can require authorisation before an account can hold a regulated token.

The same applies to stablecoin issuers preparing for the US GENIUS Act and the EU's MiCA (compared in MiCA vs GENIUS): both put identity and sanctions checks at the centre of who may hold and redeem a regulated token.

How it compares

iDenfy competes with Sumsub, Ondato, Trulioo, AU10TIX and others, several of which also exhibit at SFF 2026. Its distinguishing points are the approved-only billing option, a single account for KYC, KYB, screening and re-authentication, and published crypto guidance. As with any vendor, test it on your own users' documents and countries before committing. See the top 20 RegTech companies at SFF 2026 for the field.

Who it suits, and its limits

iDenfy suits businesses that need identity verification, business verification and sanctions screening from one vendor and want to avoid paying for failed attempts: crypto exchanges and wallets, fintech apps, payment firms, marketplaces and iGaming operators. It is not a blockchain analytics tool or a Travel Rule network, so a crypto business still needs those alongside it.

• Good fit: a startup or mid-sized firm that wants KYC, KYB and AML screening live quickly through an API, with a dashboard for manual review.
• Good fit: a business with heavy fraud traffic at sign-up, where approved-only billing changes the cost per real customer.
• Check carefully: very large banks with in-house data rules may need specific data-residency or on-premise options; ask.
• Not covered: tracing crypto funds (use Elliptic, TRM or similar) and exchanging Travel Rule data with other providers (use a Travel Rule network).

For DeFi protocols the question is different. A permissionless protocol such as a lending market or an AMM does not onboard customers, so it does not run KYC itself. The checks happen at the edges: the exchange or anchor that turns bank money into tokens, and the issuer of any regulated token that requires holders to be approved. That is where vendors like iDenfy are used in a Stellar-based flow. More on how the pieces fit: the Stellar DeFi guide and DeFi risks.

Questions to ask before you sign

• Which document types and countries does it verify automatically, and which go to manual review?
• How does liveness handle injected video and deepfakes? Ask for independent test results.
• Where is customer data stored and processed, and for how long?
• Is ongoing AML monitoring included, and how are alerts delivered?
• Can you see the ISO 27001 certificate and the SOC 2 Type II report?
• What does the whole flow cost per approved customer, including screening and re-checks?

To ask in person, iDenfy is at Singapore FinTech Festival 2026, booth 5J25-B, 18 to 20 November.