Jumio’s trusted online identity verification solution enables you to quickly and easily verify a customer is who they say they are even when they’re not in front of you, while delivering bank-grade security.
A recent study by Signicat found 38% of all financial services applications in Europe are abandoned despite massive investment in digital transformation by institutions. For established High Street banks and up-and-coming challenger banks alike, new business realities and demographic shifts demand a streamlined digital onboarding experience.
Jumio’s trusted ID and identity verification solutions transform online account opening to help you convert more customers, achieve AML/KYC compliance, and enhance security.
Jumio’s banking customers have realized conversion improvements up to 50% by integrating Jumio’s identity verification solutions into the customer journey. Jumio supports over 3,500 ID subtypes around the globe including driver’s licenses, passports and ID cards.
Jumio’s ID and identity verification solutions reduce onboarding time from hours to less than a minute. And Jumio’s proprietary mix of AI, computer vision, biometrics and human review delivers definitive yes/no decisions and lessens the need for time-consuming in-house manual reviews.
Jumio has been rigorously audited by industry leaders such as Deloitte, KPMG and EY in addition to numerous Tier 1 global banks and third-party regulators. Jumio’s biometric-based approach provides a much stronger defense against fraud and account takeovers than traditional methods.
