KUALA LUMPUR, March 13 (Bernama) -- Jumio Corp, an AI-powered trusted identity as a service provider, today announced a partnership with Monaco,, the pioneering payments and cryptocurrency platform that enables users to buy, exchange, and spend fiat and cryptocurrencies, such as bitcoin and ether, at perfect interbank exchange rates.
Monaco Technolopg GmbH's vision of Cryptocurrency in Every Wallet places a high premium on the user experience during the onboarding process.
Jumio facilitates the process by providing the Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
To enable access to the application, users must first pass both the KYC and AML processes to verify that they are who they claim to be.
"As a leader in compliance and user experience, Monaco's goal is to streamline the identity verification process without compromising accuracy," said co-founder and chief executive officer of Monaco, Kris Marszalek.
"Jumio's AI-powered technologies fit with our priority of creating smooth and simple user journeys, keeping our users happy and increasing client retention by taking the complexities out of the online verification process usually associated with regulatory KYC and AML compliance," he added.
Meanwhile, Jumio's vice president of Asia Pacific, Frederic Ho said Monaco was leading the way by being one of the first companies to leverage online identity verification during the onboarding process to simplify KYC.
"What's more, they deliver a fundamentally better user experience while benefiting from more accurate fraud detection," he said.
-- BERNAMA
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