FB pixel

Jumio selected by Insights Network to simplify onboarding process

 

Jumio has announced it has been selected by EOS blockchain-based data exchange Insights Network to streamline the user onboarding authentication experience for its INSTAR Wallet.

The INSTAR Wallet enables users to share data with Insight Networks partners for market research purposes, in return for INSTAR tokens. More than 100,000 potential users have signed up, and 40,000 users have already passed their KYC check.

In addition to KYC requirements, users must also pass an Anti-Money Laundering (AML) check as part of the identity verification process for receiving a blockchain “passport” when setting up an INSTAR Wallet. The partnership reduces the friction of this experience by providing real-time KYC and AML-complaint ID verification, and removes the need for users to verify their identity every time they use the data exchange.

“As the recent uproar over the misuse of data by Cambridge Analytica suggests, privacy practices are often hidden in the fine print, which can let third parties access consumers’ personal data without their knowledge,” said Jumio’s CEO, Stephen Stuut. “That’s why we’re so excited to partner with Insights Network. Together, we can simplify the compliance process for online identity verification and help users regain control of their personal data.”

“Guaranteeing providers a high level of security and anonymity with the information they choose to disclose while simultaneously ensuring requesters have access to accurate data remains our top priority,” said Brian Gallagher, CEO of Insights Network. “By partnering with companies like Jumio, we are able to integrate best-in- class verification solutions to assure all of our users are operating at a level of maximum security and benefit to both parties.”

Jumio was also selected to simplify the onboarding process with KYC and AML-compliant ID verification for both online gambling cryptocurrency CasinoCoin and cryptocurrency platform Monaco in March.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

Biometrics deployments expand protection against fraud and lying about your age

Biometrics are protecting against false claims of all sorts in several of the most-read articles of the past week on…

 

UN says law enforcement should not use biometrics to surveil protestors

Law enforcement agencies should not use biometric technology to categorize, profile or remotely identify individuals during protests, the United Nations…

 

How to explain the EUDI Wallet? Industry and citizens discuss Europe’s digital ID

The European Digital Identity (EUDI) Wallet is well on its way towards becoming a reality. To explain the major impact…

 

Decentralize face authentication for control, stronger protection: Youverse

The implementation method of biometric face authentication has become increasingly important in recent years due to the limitations of traditional…

 

Researchers develop display screens with biometric sensor capabilities

Traditional display screens like those built into smartphones require extra sensors for touch control, ambient light, and fingerprint sensing. These…

 

Meta, porn industry and Kansas governor weigh in on age verification

As Europe mulls how to restrict access to certain content for minors, Meta offers its own solution. Meanwhile, U.S. states…

Comments

Leave a Reply

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

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events