EMBank hands remote ID verification procedures to iDenfy
- EMBank a newly established bank in Lithuania, licensed by the European Central Bank in December 2018
- Lithuania-based fintech startup iDenfy partners with European Merchant Bank a dynamic digital bank licensed by the European Central Bank
- The technological development achieved has paved the way for various industries to grow at a pace never seen before
- A lack of office space is no longer an issue when working from home became the new norm
- As the technology progresses, fraudsters use it to enhance their methods and attempt criminal activities more often
- The company also saw a huge rise in AI technology when attempting fraud
