KUALA LUMPUR, Oct 22 -- Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has launched a new video-based verification solution for financial institutions and other regulated businesses.
This solution is designed for banks, fintechs, cryptocurrency exchanges, digital wallets and other regulated businesses looking to pivot from branch-based onboarding to an omnichannel strategy in the wake of the COVID-19 pandemic.
With Jumio Video Verification, financial institutions can safely and securely onboard remote customers online with two-way video-based verification while ensuring KYC/AML compliance through an audit trail and qualified preservation of all recorded interviews.
Jumio chief revenue officer, Dean Hickman-Smith said: “With video-based KYC, businesses can reduce their cost of operations by as much as 90 per cent by eliminating field agent travel, reducing paper costs and streamlining the recording, transmitting and archiving processes.”
According to a statement, Jumio offers three modes of Video Verification, namely Assisted, Unassisted and Platform Only.
For Assisted mode, customers are identified through video assistance technology with dedicated or shared agents that interact in real-time via browser or mobile, while Unassisted mode allows customers to independently capture a video of their identity documents, take a selfie and perform a liveness test without an online agent.
In addition, with Platform Only mode, customers are identified and verified through video assistance technology staffed by their own agents.
More details at www.jumio.com.
-- BERNAMA
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