Reduce Fraud While Streamlining the Credit Union Member Experience

With identity crime increasing across all sectors, credit unions need to fight fraudsters while also delivering a frictionless process for their good members.

Is your credit union taking preventative steps to ensure your members are safe? Do you have the right tools and systems in place to protect them?

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Learn more about how Jumio can help fight fraud.

The Cost of Fraud to Credit Unions

Financial Liability

According to CFO Magazine, 75% of credit unions reported fraud losses over $500k in 2022.

Loss of Good Members

Fraud impacts your members’ finances as well as their trust.

Damage to Your Brand

News of data breaches and fraud attacks can seriously damage an institution's brand and reputation.

How Jumio Can Help

Onboard legitimate members faster

When a new member applies to your credit union, they scan their government-issued ID and take a selfie. Jumio verifies their real-world identity within seconds.

Prevent account takeover

Ensure your members are the same person who onboarded by requesting a selfie. Jumio creates a biometric template and compares it to the original to ensure it’s the same person.

Meet increasingly complex compliance mandates, including KYC and AML

One vendor. One platform. One API layer. All the data, tools, and analytics you need to know your members and screen out money launderers.

Watch a Quick Explanation

See how Jumio Identity Verification works.

How it Works

1. ID Check
Is the ID authentic and valid?

2. Selfie + Liveness Check
Is the person holding the ID the same person shown in the ID photo? Are they physically present?

3. Risk-based Decision
Jumio calculates the fraud risk and approves or rejects the identity transaction in seconds based on your predefined risk tolerances.

Trusted with over..

1B+

transactions worldwide

5K+

ID types in over 200 countries/territories

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