Partnership enables Backbase customers to add Jumio’s online identity verification

Jumio has announced a partnership with omni-channel digital banking platform provider Backbase to deliver online identity verification services that help financial service organizations optimize conversions, deter fraud and meet KYC, AML and GDPR compliance mandates within an intuitive digital banking experience.

Financial institutions that have adopted the Backbase digital banking platform can enrich their solution with a nuumber of fintech capabilities through the Open Banking Marketplace. Customers on the Backbase digital banking platform can easily add Jumio’s online identity verification capabilities to enhance the onboarding experience and deliver a fast, compliant, and simple identity verification process.

“Backbase equips financial institutions with a one-stop shop to facilitate their digital transformation,” explained Robert Prigge, Jumio’s Chief Revenue Officer. “This alliance enables Jumio to help these same banks with simple yet powerful identity verification and Know-Your-Customer solutions that can be easily leveraged through the Backbase digital banking platform to increase onboarding conversion rates, dramatically reduce fraud, and meet increasingly stringent compliance mandates.”

Jumio recently announced its best sales quarter in company history, representing a 269 percent increase in sales over the same quarter last year.

Article Topics

AML  |  banking  |  biometrics  |  fraud prevention  |  identity verification  |  Jumio  |  KYC