iDenfy adds Spanish localization to KYB workflows

iDenfy has launched Spanish-language localization for its Know Your Business verification flow, aiming to make onboarding clearer for company representatives, directors and beneficial owners. The upgrade pairs partner-approved translations with AI fallbacks as compliance teams face rising KYB demand across Spain and Latin America.

Why it matters: - Spanish-language KYB can reduce friction for business representatives who need to complete complex onboarding steps. - iDenfy says clearer language can lower abandonment risk in sessions that require ownership, registration and due diligence details. - The upgrade targets companies operating in Spain and Latin America, where localized compliance workflows can support faster onboarding and AML requirements.

What happened: - iDenfy launched upgraded Know Your Business workflows for Spanish-speaking users. - The rollout enables Spanish-language onboarding for company representatives, directors and beneficial owners. - The company paired native-level translations with AI-generated fallback text to make the flow read more naturally. - Domantas Ciulde, iDenfy’s CEO, said localization is the next important feature for the company’s KYB dashboard.

The details: - iDenfy’s KYB service is designed to verify the legal existence, ownership structure and legitimacy of a business partner before a commercial relationship begins. - Regulators in banking, payments and fintech increasingly require KYB checks as part of anti-money laundering controls. - KYB processes are used to identify ultimate beneficial owners and screen politically exposed persons. - iDenfy’s dashboard provides access to 180+ company registries across 120 countries. - The platform also includes credit reports and credit ratings to help assess a business’s financial standing. - UBO screening data provides real-time shareholder information and runs KYC checks on beneficial owners. - The dashboard supports perpetual KYB, which continuously monitors business relationships instead of treating verification as a one-time event. - Additional tools include AI-driven company data cross-matching, EIN and TIN verification, Secretary of State checks and AI-generated company reports. - Custom risk-scoring rules can flag sanctioned countries automatically. - PEP screening covers global law enforcement and sanctions lists, including NCA, Europol, FBI, World Bank, Interpol and SECO. - Recent Fintech Global data showed Latin America fintech funding reached $575 million in the first quarter of 2026. - Spain has also seen a steady rise in new company registrations in recent years.

Between the lines: - iDenfy is extending a consumer-style localization approach into business verification, where the user is often a legal representative completing a multi-step compliance process. - The company is positioning language quality as a conversion and compliance issue, not just a translation feature. - The emphasis on native Spanish suggests iDenfy sees language friction as a barrier to completing KYB sessions and maintaining regulatory readiness.

What’s next: - iDenfy expects the Spanish workflow to help partners onboard business customers more efficiently across Spanish-speaking markets. - The company is betting that localized KYB will become a practical requirement for firms serving Spain and Latin America. - Compliance teams can use the updated workflow alongside iDenfy’s ongoing monitoring and risk-scoring tools for continuous due diligence.

The bottom line: - iDenfy is using Spanish localization to make KYB easier to complete, while keeping the process tied to broader AML, ownership and risk-checking requirements.