FB pixel

Jumio announces new customer, appoints new VP, opens Singapore office

 

Jumio is opening a new Singapore sales office and is appointing Frederic Ho as vice president, Asia Pacific, to oversee the global expansion. The Singapore team will serve businesses across Asia Pacific, including Singapore, Japan, China, Australia, Malaysia and Indonesia.

Mr. Ho has more than a decade of Asia Pacific experience selling and marketing information security solutions and will lead Jumio’s efforts to launch and expand its online identity verification solutions in the region across a broad range of verticals including banking, financial services, sharing economy, cryptocurrency, and online gaming.

“As regulations broaden enabling online identity verification, in lieu of in-branch, in-person verification, banks and other financial institutions have a tremendous opportunity to improve the user experience for creating new accounts online while simultaneously reducing the risk of fraud and meeting their KYC and AML obligation,” explained Ho.

Jumio uses computer vision technology, machine learning, artificial intelligence, biometrics and live verification experts to verify credentials issued by over 200 countries. The company currently serves HSBC and some of the largest digital banks in Europe including Monzo, Tide, and MetroBank.

Jumio streamlines customer onboarding for Goldmoney

Following a successful beta release, Goldmoney, a precious metal financial service and technology company, has launched a new onboarding method with Jumio that is entirely paperless and significantly reduces online friction associated with customer account setup.

Powered by Jumio’s real-time ID verification technology, Goldmoney clients simply take a photo of their government-issued ID and a selfie to verify their identity. New Goldmoney clients can apply for a Goldmoney Holding account and complete the verification process in less than 3 minutes, while current Holding owners can submit a photo of their government-issued ID and a selfie and unlock access to fully verified Holding features.

Jumio’s biometrics-based identity verification technology is in full compliance with Anti-Money Laundering (AML) legislation and Know Your Customer (KYC) requirements.

“According to recent Juniper research, the global cost of data breaches will rise to $2.1 trillion by 2019, so it’s increasingly imperative for online companies, especially financial institutions, to know, really know, who their customers are online,” said Jumio’s CEO, Steve Stuut. “It’s this delicate balance between fraud detection and the user experience that made us the right choice — not only for Goldmoney, but for a growing roster of digital banks, foreign exchanges, and cryptocurrency exchanges.”

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

ID4Africa 2026 AGM will take place in Abidjan, Cote d’Ivoire

Cote d’Ivoire’s commercial capital, Abidjan, will be the venue of the 2026 edition of ID4Africa’s Annual General Meeting (AGM). The…

 

Expansion of biometric tech demands trust before adoption, survey finds

A new report on consumer attitudes toward biometrics performed by the Identity Theft Resource Center (ITRC) explores the growing reliance…

 

EU launches interoperable biometric matching service for border control

The European Union has made a big step in making its biometric databases for law enforcement and border control interoperable….

 

EU calls for public feedback on European Business Wallet

The European Commission has issued a call for feedback on the EU Business Wallet, a digital identity wallet intended for…

 

Au10tix identifies new deepfake fraud tactic that probes for security vulnerabilities

The repeaters are here. I repeat: the repeaters are here. The Q1 2025 Global Identity Fraud Report from Au10tix has…

 

Leveraging digital ID in the financial sector: ID4Africa panel

Financial inclusion was highlighted as the mother of all digital ID use cases during an early panel discussion on the…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events