How Identomat Can Be Utilized In The Fintech Sector

Fintech is built on convenience. Customers expect to open accounts in minutes, move money instantly, access credit with a few taps, and trade across markets 24/7. However, the faster and more digital finance becomes, the more attractive it is to fraudsters - because scale works for them too.

That pressure is showing up in the numbers. The BBC reported that over £620 million was lost to fraud in the first half of 2025. In a market crowded with payments apps, neobanks, BNPL providers, investing platforms, and crypto products, the risks aren’t limited to one weak point. Fraud and compliance challenges appear across the entire customer journey - from sign-up and account access to transactions, withdrawals, and onboarding new business relationships.

So how can fintech companies fight back without sacrificing the smooth experiences users expect?

By building a verification and compliance layer that can be applied at the moments that matter most. Identomat enables fintechs to integrate identity verification and KYC/AML controls throughout the customer lifecycle - keeping onboarding fast for legitimate users, adding additional layers only when risk increases, and helping teams stay audit-ready as they scale across products and regions.

Explore practical ways Identomat can be utilized across key fintech use cases:

User Onboarding & Account Creation

The fastest way for fraud to scale is to let it in at the front door. In fintech, a single weak onboarding flow can turn into thousands of fake accounts - used for bonus abuse, stolen payment methods, or future account takeovers. Identomat helps you stop that early by verifying that each new user is a real person and the identity they present matches them. With ID verification, biometric liveness checks, and Face Match, your platform can build trust from day one without turning signup into a slow, frustrating process keeping user satisfaction and conversions high.

Compliance & AML Requirements

Fintech compliance is an ever-evolving landscape. Regulations are subject to change, customer expectations shift, and audits are not swayed by a busy product roadmap. Identomat empowers Fintechs to remain compliant by integrating compliance as a fundamental capability rather than a recurring burden. With customizable KYC questionnaires, PEP and sanctions screening, and ongoing AML monitoring, you can efficiently meet regulatory obligations across jurisdictions. These processes facilitate compliance adherence to local and international regulations, enabling you to expand your business into new territories by swiftly adapting your onboarding processes to their specific requirements.

Fraud Prevention in Payments & BNPL

Payments and BNPL are designed for convenience, which is exactly why they’re heavily targeted. Fraudsters look for loopholes: creating “ghost users,” exploiting weak identity checks, cycling through multiple accounts, and driving chargebacks that quietly bleed margin. Identomat helps reduce this risk by strengthening the link between the account and a real person. Using ID validity checks, address verification, and secure document capture where needed, fintechs can confirm legitimate users and make misuse significantly harder, while keeping the experience smooth for customers who are simply trying to pay or split a purchase.

Remittance & Cross-Border Transfers

Cross-border transfers are crucial, yet they also pose vulnerabilities. Inconsistent and inadequate identity controls allow platforms to be exploited, facilitating untraceable and high-risk money transfers. Identomat assists fintech companies in safeguarding remittance flows by employing AML checks to screen both senders and receivers, supporting address verification, and enabling continuous risk monitoring, which becomes even more critical when transferring substantial amounts of money. Consequently, a cleaner and more compliant transfer experience is achieved, fostering global growth while minimizing the likelihood that your platform becomes the preferred route for malicious actors. This process contributes to safeguarding your consumers and building trust within your business and operations.

Crypto, Trading & DeFi

Cryptocurrencies, trading, and decentralized finance (DeFi) have become prominent topics in the financial technology industry, particularly over the past few years. As these sectors continue to evolve, regulators are increasingly scrutinizing these technologies. Identomat is a solution that assists crypto businesses in adhering to local and international regulations while simultaneously enhancing the user experience. Crypto and trading products often require a delicate balance between speed, privacy, and trust, especially when bridging the gap between traditional finance and Web3. Identomat facilitates this bridge by enabling seamless verification for traders and, if necessary, governance participants during token distributions or DAO voting. By ensuring that only genuine users and not bots claim tokens and cast their votes, Identomat safeguards against fraudulent activities. With its advanced identity verification solutions, fintechs can validate real users without compromising the usability that crypto-native audiences anticipate.

Reward Programs, Social Trading & Gamified Finance

Incentives attract users, but they also attract automation. Loyalty programs, copy-trading features, and gamified finance mechanics can be quietly drained by bot-farming and multi-account abuse if “one person” can easily become “one hundred accounts.” Identomat helps fintechs protect these growth loops by verifying uniqueness and authenticity. Face Match across accounts, phone and email verification, and liveness checks make it much harder to farm rewards at scale - so your incentives go to real users and your community features stay fair.

Investor & Crowdfunding Verification

When a platform helps people raise or invest money, trust is non-negotiable. Crowdfunding and investing flows need to confirm that founders are legitimate, that business information is accurate, and that investors meet required checks - often with rules that vary by jurisdiction. Identomat supports secure fundraising by verifying founders, UBOs, and investors through KYC, KYB, document verification, and sanctions and PEP screening. Identomat’s solutions are easy to integrate, adjust and make it native to your platform so fintechs can keep the user experience high, while still meeting the level of assurance that capital formation demands.

Video Banking & High-Risk Transactions

In cybersecurity, the most vulnerable times are not usually the initial login but rather during high-risk actions like large withdrawals, account recovery, changes to payout settings, or unlocking higher limits. Fraudsters often exploit these situations using spoofing, impersonation, and deepfakes to bypass security measures. Identomat helps fintechs protect against these threats with liveness checks and Video KYC, which acts as a virtual office, offering real-time assurance during peak risk periods. This ensures that only verified users can access sensitive features, safeguarding your most critical workflows.

Global Adaptability & Scale

Fintechs don’t just scale users - they scale across markets, regulations, and document types. What works in one country can break in another, and rebuilding identity flows every time you expand is a long-term drag on growth. Identomat is designed to adapt as you scale, supporting local ID types, regulatory requirements, and different user journeys while keeping a consistent verification layer across your product. Identomat’s configurable platform is designed to integrate and adapt fast so your expansion is not slowed down. Whether you’re entering a new region or launching a new fintech vertical, you can maintain the same trust standard worldwide without losing flexibility.

Ultimately, sustainable fintech growth is built on trust - and trust begins with knowing your customers, and ensuring customers know you’re taking the right precautions to keep them safe. When services involve real funds, the stakes are high: weak identity controls can lead to fraud losses, regulatory exposure, reputational damage, and long-term customer attrition. That’s why robust identity verification and KYC/AML processes are essential, not optional. By embedding these controls across the customer lifecycle, fintechs can protect users, meet regulatory expectations, and scale confidently across products, markets, and risk scenarios. Identomat is ready to help you build that foundation.