Security & Fraud

Jumio’s New AI Tool Verifies Identity In Real Time

Jumio has announced the beta release of Jumio Go, the company’s first real-time, fully automated identity verification solution.

The solution is designed to remove friction from the user onboarding process, while also preventing online identity fraud and meeting anti-money laundering (AML) and know your customer (KYC) compliance rules. Powered by AI, Jumio Go provides customers with a real-time, secure and reliable way to verify remote users.

“Given Jumio’s AI expertise, machine learning models and massive verification data sets, launching a fully automated solution was always a question of when, rather than if,” Robert Prigge, Jumio president, said in an emailed press release. “Jumio Go leverages the power of big data and big AI to equip modern enterprises with instant online identity verification that delivers a simple and intuitive experience for good customers. Just as importantly, Jumio Go prevents bad actors and bots from creating fake accounts thanks to our embedded liveness detection, which is a powerful deterrent for fraudsters and cybercriminals.”

The key benefits of Jumio Go include state-of-the-art AI, OCR and biometrics to deliver the company’s fastest identity verification solution; the use of massive production data sets, including over 200 million historic identity verifications, to spot patterns and better detect when an ID has been manipulated or altered; certified liveness detection; global coverage; and omnichannel support.

The beta is now available across a broad range of geographies and will eventually expand to other locations. The period will also be a time for Jumio to collect important feedback from customers and partners so that it can improve its solution.

Jumio Go complements the company’s other identity verification solutions, giving its business customers the opportunity to choose between a 100 percent automated solution or instead opt for Jumio Identity Verification, a hybrid solution that uses a combination of AI, computer vision and human review.

——————————–

Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. In the November 2019 AML/KYC Report, Zillow’s Justin Farris tells PYMNTS how the platform incorporates stringent authentication without making the onboarding and buying experiences too complex.

TRENDING RIGHT NOW