Axiology teams up with iDenfy to improve onboarding for its DLT-powered issuance digital assets markets

iDenfy, an international RegTech provider specializing in identity verification solutions, announced a new partnership with Axiology, a licensed capital markets infrastructure provider offering issuance, custody, trading, and settlement under one blockchain system. Through this collaboration, both companies will focus on maintaining a secure onboarding experience with the help of iDenfy’s latest biometric verification software, coupled with extra built-in pre-screening features, such as PEPs and adverse media checks for all new registering customers.

Axiology is a financial institution operating a Distributed Ledger Technology Trading and Settlement System. Axiology delivers integrated capital markets infrastructure for the issuance, custody, trading, and settlement of tokenized securities, providing real-time access to a built-in secondary market, all on a permissioned DLT platform that reduces intermediaries, lowers costs, and streamlines cross-border capital market operations.

There has never been more pressure on banking firms to maintain comparable Know Your Customer (KYC) criteria as due to the slow and boring to execute manual verifications. Manual, especially in house identity verification is often slow, expensive, and prone to human error, that often leads to higher customer drop-off rates and increased operational costs and even delays due to the limited human resources. Automated solutions can perform comprehensive identity analysis and check every person information in seconds, that significantly improves speed and efficiency without doubts.

According to iDenfy, users increasingly abandon applications that take too long or include unnecessary steps. This speed and simplicity convenience is particularly critical for regulated financial market operators such as Axiology, where trust and efficiency are essential, so that users can confidently participate in its trading and settlement technology.

As a result, the main reasons why Axiology chose to partner with iDenfy are due to its flexibility, proven track record, and ready-to-go identity verification solution that aligns with the company’s compliance needs.

iDenfy’s identity verification system combines AI-powered document checks with biometric face authentication that ensures accuracy and reduces time for legitimate users to be onboarded on the system. The company is capable to verify thousands of global documents, including IDs, passports, driving licenses, and residence permits with 99.9% accuracy together with its own internal manual review team. In this way, iDenfy can support regulated institutions to stay ahead with evolving compliance needs.

By integrating iDenfy’s automated KYC technology, Axiology can significantly accelerate user onboarding process and ensure that only legitimate identities are registered, as well as improving customer satisfaction without days-long processing delays. Currently, iDenfy’s verification technology forms an important layer within Axiology’s sanctions, and external database from PEP, and adverse media screening frameworks in order to support a more transparent user identification process through trusted international sources.

Axiology’s decision to integrate iDenfy reflects its commitment to delivering a high-quality, effortless experience for customers who are interacting with capital markets. As users continue to shift toward digital financial services, the risks associated with manual or outdated verification processes grow. This is why an automated KYC process helps Axiology to maintain platform integrity without compromising the delays in time.

Algirdas Neciunskas, COO of Axiology

“Partnering with iDenfy will create meaningful improvements for our customers. Their verification tools give us the flexibility we need to maintain efficient customer checks while reinforcing our sanctions and PEP-screening processes. iDenfy’s technology supports our broader goal to make capital markets simple,” said Algirdas Neciunskas, COO of Axiology.

Domantas Ciulde, CEO of iDenfy, added: “Axiology is building essential infrastructure for modern capital markets, and we’re proud to contribute to their vision. Our solution helps to minimize onboarding friction, improve user recognition detection accuracy, and ensure compliance across all stages of the customer journey.”

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About Axiology

Axiology delivers integrated capital markets infrastructure for the issuance, custody, trading, and settlement of securities using distributed ledger technology (DLT). By consolidating these functions, it reduces reliance on intermediaries, lowers costs, and streamlines fixed-income issuance, while functioning as a cross-border CSD to address Europe’s capital market fragmentation.

About iDenfy  

iDenfy, a platform of identity verification services and fraud prevention tools, ensures AML, KYC, and KYB compliance for every company, from large-scale businesses to small organizations. The rapidly growing business was named the best Fintech Startup in 2020.  Recently, iDenfy was featured in G2’s Winter 2025 Report as one of the leading ID verification and Anti-Money Laundering (AML) solution providers.