ETHLend and Veriff Are Tying Up To Bring Better Services to Decentralized Lending

ETHLend Partners Up With Virtual Identity Verification Service Provider, Veriff

ETHLend is now collaborating with the world’s safest virtual identity verification service created by Veriff, an innovative and licensed FinTech company. Veriff is an Estonian company, utilizing advanced facial recognition software, video analysis and biometric data to verify user’s ID online.

The main goal of ETHLend is

• Seamless user experience, powered by security is our core goal, therefore we carefully analyzed the market to find a suitable option.
• Veriff will enable KYC (know-your-customer) and AML (anti-money-laundering) compliance on the ETHLend Dapp.
• This in turn enables ETHLend to implement the highest financial industry standards ahead of the regulation (especially newly adopted AML Directive).
• It protects our customers, stimulate good business practices and ensures that we are fully ready to obtain a FIAT lending license.
• Veriff allows users to identify themselves within minutes and proceed with the desired operation?, creation of accounts, fund deposition, any other financial transactions, including those in the decentralized environment. The company has developed an easy process

Veriff has a vast range of clientele : LHV Bank, TF Bank, InBank, Trustcom Financial, Mogo, Admiral Markets, Agrello, Helix, Equitytoken and many others in Europe, USA and Asia.

Kaarel Kotkas, CEO of Veriff sid

“ETHLend attracted our attention as the leading pioneers in decentralized lending. We are glad to announce this partnership and provide trustworthiness to the ETHLend platform and help them more easily bring onboard new customers, and meet the highest standard in identity verification.”

While Stani Kulechov, CEO of ETHLend said

“This partnership opens new horizons for both companies, as a leading decentralized lending company we will bring many new customers to Veriff. This KYC/AML solution allows greater protection of our users, their funds and reputation. We are enabling thousands of people across the globe to join decentralized lending space in a secure, easy and convenient manner”.

About Veriff

Veriff, is an online identity verification company. It is the new standard in identity verification, allowing any website or mobile application to verify a driving license, passport or ID.

About ETHLend

ETHLend is decentralized peer to peer lending application and protocol running on top of Ethereum network. On the current state of the platform, borrowers’ can unlock the liquidity of their digital portfolios and ETHLend provides a secure and transparent marketplace to access this 400 billion market.

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