Identity Verification Just Got Stronger

Austin, TX (PRWEB) July 16, 2014

Two innovative identity verification companies have partnered to offer a comprehensive identity verification platform. edentiX, an identity verification platform company based in Germany, has partnered with BeehiveID, based in Austin, TX, to provide enhanced identity verification be it online, offline or social for peer-to-peer customers to enable fast, robust identity verification with minimal friction.

“Comprehensive identity verification is a high-friction, labor-intensive process that is detrimental to customer acquisition and trusted digital commerce,” said Mary Haskett, CEO, BeehiveID “By combining the Social Authentication Technology™ from BeehiveID with edentiX’s Identity Verification platform, we will set a new standard for identity verification platforms and customer convenience in the peer-to-peer market.”

The peer-to-peer industry, over $26B worldwide, is made up of several market verticals including rentals, micro-jobs and transaction of goods. Its wide-spread prevalence is attracting many online consumers but is also introducing an element of risk. With the combined power of edentiX and BeehiveID’s offerings, online consumers can validate quickly and seamlessly, and so are able to conduct commercial transactions easily and with greater trust.

“Compliance is a topic not only for regulated businesses such as banks, insurance or financial service providers. Creating trust and transparency - ensuring that people really are who they say they are - is crucial for any online interaction,” states Mathias Adler, CEO of edentiX. “From Bitcoin exchanges to renting out your place on Airbnb; identity is the mother of all transactions. edentiX brings bank-level identity verification standards to the equation and together with BeehiveID’s Social Authentication Technology™, we are now offering a one-stop shop for any business that relies on trusted relations.”

ABOUT THE COMPANIES

BeehiveID (http://www.BeehiveID.com) is a global social verification company that enables trust by unmasking identity thieves before they have a chance to commit online fraud. By applying revolutionary Social Authentication Technology™ (SAT) to a user’s social network data, BeehiveID identifies fraudulent accounts before they have a chance to commit fraud. BeehiveID’s non-intrusive approach helps companies in the peer-to-peer markets and online dating markets to increase trust and profitability while lowering friction.     

edentiX (http://www.edentix.com) is a “compliance-as-a-service” provider that offers web-based, Anti Money Laundering (AML) level customer verification. The secure and compliant identity verification platform is used by businesses worldwide to outsource their compliance obligations. With just one integration, merchants get access to document authentication, compliance checks, video live verification and the edentiX compliance rules engine. edentiX’s mission is to make customer verification processes as simple as possible without compromising on quality, flexibility and compliance.

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