In order to safeguard all of Rawcaster's influencers and other social media users against fraudulent attacks, the press release states that the goal of this alliance is to automatically assess risks associated with fraudulent accounts.

Due to the prevalence of con artists who can quickly create a false identity by, for instance, looking through people's profiles and assuming their age, interests, and past purchases, social media platforms can be dangerous because of this. This can result in financial fraud and provide users with an untrustworthy media experience. According to research by the Federal Trade Commission (FTC), one in four victims of financial fraud stated that the scam originated on social media. Last year, losses from social media scams within the same time frame were estimated to have totaled USD 2.7 billion.
 

According to the official statement, Rawcaster acknowledged iDenfy as a safe platform that can authenticate media users and influencers worldwide, with the aim of safeguarding social media platforms from online scams.

Making use of identity verification

At the moment, Rawcaster relies mostly on iDenfy's identity verification service to guarantee a safe procedure for influencer identification verification on its platform. Through this relationship, Rawcaster is able to precisely reserve profile information for the right influencers, improving the media platform's overall security and dependability. Furthermore, in an effort to combat worldwide scam traps, iDenfy is dedicated to continually monitoring social network registration and incorporating any new method. With influencers becoming more and more important in forming online dialogues, this partnership seeks to make the internet a safer and more encouraging place for people everywhere.
 

Rawcaster is renowned for its social media platform, which acts as the ultimate gathering place for influencers and their fans and offers a full social media experience. Features of the platform include text, audio, and video content posting, chat, virtual meetings, and talk programmes. The platform wants to be recognised as a resource for a variety of social media requirements.

According to the press release, one of Rawcaster's future goals is to help its user base—which includes a variety of influencers such as religious leaders, athletes, politicians, actors, activists, and more—connect more deeply with their followers by providing a more secure environment. iDenfy's contribution to this objective will enable the business to grow more quickly in a safe and legal manner.
 

Concerning iDenfy

Regtech startup iDenfy, based in Lithuania, offers AML, KYC, and KYB compliance solutions to fintech companies, cryptocurrency exchanges, iGaming websites, social media platforms, and other regulated businesses.