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Lithuanian RegTech innovator iDenfy has unveiled a new AI-powered feature on its Know Your Business (KYB) platform, introducing automated company reports that compile the most critical business data into a single file. The release marks a major step forward in helping compliance teams accelerate onboarding, spot fraud, and simplify due diligence processes.
AI-Powered Efficiency in Business Verification
Traditional KYB processes rely on lengthy, multi-page company reports that demand hours of manual review. iDenfy’s new tool transforms this by generating a concise, single-page AI report with verified information. The system extracts and organizes data dynamically from trusted public and proprietary sources, delivering an instant, accurate, and detailed summary of any onboarded business.
The reports cover essential details such as registration number, tax ID, legal form, incorporation date, number of employees, registered and operating addresses, contact details, service descriptions, and industry classification. Going further, the feature also highlights ownership structures, related entities, individual shareholders, and directors.
“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,” said Viktor Vostrikov, CMO of iDenfy.
Real-Time Risk Detection and Red Flags
Beyond core business information, the AI reports include built-in risk insights. The system automatically flags inconsistencies, missing fields, and mismatches between reported and verified data. Compliance teams are guided with AI-suggested next steps, such as verifying jurisdictions, re-checking ownership structures, or investigating potential shell setups.
According to the Association of Certified Fraud Examiners (ACFE), businesses lose around 5% of revenue annually to fraud. With identity fraud rising sharply across fintech, crypto, and B2B services, iDenfy’s instant reports help analysts react faster, identify hidden risks, and strengthen anti-fraud defenses.
“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,” added Domantas Ciulde, CEO of iDenfy.
A Unified Platform for Compliance
The AI-generated KYB report tool is now fully integrated into iDenfy’s compliance platform, which already includes biometric identity verification, AML screening, and continuous monitoring. By embedding AI directly into its dashboard, iDenfy enables clients to shift from time-consuming document review to real-time decision-making.
This release further solidifies iDenfy’s position as a trusted RegTech partner for companies of all sizes, from large financial institutions to fast-growing startups. The solution brings together automation, AI, and actionable intelligence to ensure businesses stay compliant while mitigating fraud risks.
Recognized in G2’s Summer 2025 Report as a leading provider of ID verification and AML solutions, iDenfy continues to push the boundaries of how compliance technology can serve global industries.
Takeaway
iDenfy’s AI-generated KYB reports allow compliance teams to access verified company data instantly, with built-in risk detection and actionable insights. By automating manual checks and simplifying workflows, the feature helps businesses fight fraud, cut onboarding time, and strengthen regulatory compliance across fintech, crypto, and B2B services.
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