Leading RegTech firm iDenfy, based in Lithuania, has announced a significant new partnership with CO2IN, a Czech fintech company focused on carbon emissions reduction. Together, they aim to enhance the verification process for making carbon credit transactions safer and more reliable.
Since its inception in 2020, CO2IN has focused on reducing carbon emissions through innovative technology and financial solutions. The company operates an app that creates voluntary carbon credits from European Union emission allowances and offers its customers the opportunity to offset their carbon footprints effectively. The app has a variety of valuable features, including a carbon footprint calculator and a unique payment system for carbon credits. It also assists firms in meeting their Environmental, Social, and Governance (ESG) targets, a key business component for those committed to fighting climate change.
iDenfy was chosen as a partner by CO2IN because it offered a flexible solution that met all of CO2IN's needs. iDenfy has provided a superior pricing structure, round-the-clock support, and an effortless integration of identity verification that also assists in meeting Anti Money Laundering (AML) compliance. This collaboration has significantly reduced CO2IN's costs for AML solutions while enhancing the overall safety of the application by detecting fraudulent information before verifying accounts.
The partnership has also improved operational efficiency, saved time in verifying new users whilst improving the experience for CO2IN and its customers. It has allowed the company to focus on developing the app whilst alleviating concerns about safety. The partnership has set a strong precedent for combining environmental sustainability with corporate responsibility.
Václav Vislous, Product Owner of CO2IN, expressed his satisfaction with the partnership. He stated, "We were looking for a partner who would offer a flexible solution that would fit our needs. Unlike our previous experience with other partners, the iDenfy solution fits us the best, saving us time and cutting overhead expenses, not to mention providing a great working experience."
Domantas Ciulde, the CEO of iDenfy, also shared his thoughts on the partnership. "Empowering businesses taking confident steps towards innovative global problems solutions is a big honour for us," he said. "Together with CO2IN, we aim to drive efficiency and compliance for companies, ultimately contributing to a more sustainable and responsible business landscape."
The alliance between iDenfy and CO2IN reaffirms their shared commitment to providing technological solutions that allow businesses and individuals to make a positive contribution to the fight against climate change. In line with this, CO2IN's primary objective is to guide corporations through the intricate landscape of ESG criteria, turning essential compliance into opportunities for increased business, customer satisfaction, employee satisfaction, resilience, and overall sustainability.