iDenfy Launches a New AI Generated Report Feature on Its Know Your Business (KYB) Platform

iDenfy, a leading Lithuanian RegTech company specializing in identity verification and fraud prevention solutions, recently announced the launch of its latest AI feature, which is a unique KYB Company Report that automatically summarizes the most important data about the company that’s being verified. A new tool embedded within its innovative compliance dashboard should help analysts quickly assess risks, verify legal company data, and spot potential red flags, simplifying Know Your Business (KYB) compliance challenges.

iDenfy’s latest release provides an AI-generated company report that eliminates the need for time-consuming manual document analysis. The process is simple. iDenfy’s clients can access the Business Verification section directly from their dashboard, which shows a full list of onboarded businesses, including basic details such as company name, registration date, and country of origin. By clicking on the selected company and “generate AI report”, users can receive specially designed information that provides a clear, single-page summary of the corporate data.

According to the latest data from the Association of Certified Fraud Examiners (ACFE), businesses are losing an estimated 5% of their own revenue to fraud every year. As business identity fraud becomes one of the fastest growing threats in sectors such as fintech, crypto, and B2B services, to recognize the growing need for faster and more reliable company background checks became crucial. 

Unlike traditional multi-page company reports that require long hours of review, iDenfy’s new AI system extracts and organizes only the most relevant data. The report includes verified fields such as the company’s registration number, tax identification number, legal form, date of incorporation, number of employees, operating and registration addresses, contact details, service description, and industry classification.

Going deeper, the report also includes ownership structure and lists associated companies, individual shareholders, directors, and other related entities. All this information is dynamically pulled and verified across trusted public and proprietary databases in real-time. In comparison with the regular government or Credit bureau reports, iDenfy’s generated report is instantaneous and much more detailed than what can be found on the market.

Viktor Vostrikov, CMO of iDenfy, mentioned: “Manual business verification has been a major obstacle in compliance workflows. With our AI-powered reports, we’re offering a faster, smarter way to review businesses, reduce onboarding time, and stay ahead of regulatory demands. Our tool helps compliance teams move from document reading to decision making in just seconds.”

Lastly, as an additional bonus, iDenfy’s system can also deliver AI-generated risk insights. The platform automatically identifies and flags inconsistencies, missing data, or mismatches between reported and verified information. Clients get an overview with AI-suggested red flags, alongside clear risk advice and suggestions to re-check ownership structures, verify jurisdictions, investigate potential shell setups, or perform enhanced due diligence when needed, and much more.

“We designed this tool not only to surface essential information but also to offer clear next steps for risk teams. It’s not just about gathering data; it’s about understanding what that data means, where the risks lie, and what actions to take. We’re bridging the gap between compliance and actionable intelligence,” said Domantas Ciulde, CEO of iDenfy.

The AI-Powered Business Verification feature is now fully available to everyone and integrated into iDenfy’s compliance platform, which also includes advanced biometric identity verification, AML screening, ongoing monitoring capabilities, and more. This latest update proves iDenfy’s position as a trusted partner for end-to-end compliance solutions.