Courtesy of an integration with ComplyAdvantage, a trusted id as an progressive providers Jumio launches a brand new totally automated AML resolution, Jumio Screening. The brand new resolution depends on ComplyAdvantage's automated monitoring record and the screening and monitoring of Politically Uncovered Individuals (PEPs) to streamline the compliance course of.
Jumio's director of merchandise, Philipp Pointner, emphasised the position of sanctions lists within the struggle towards monetary crime, equivalent to cash laundering. "This integration equips our prospects with modern information and superior digital id screening and filtering applied sciences to make the suitable AML selections with automated buyer integration and steady monitoring," stated Pointner.
ComplyAdvantage know-how is built-in into the dashboard of Jumio's Netverify platform, enabling id verification, penalties, and anti-media filtering from a website. The filtering resolution mechanically identifies new prospects on-line in the course of the preliminary integration if their identify seems on one of many sanctioned lists and alerts compliance professionals who can carry out a extra detailed assessment.
Jumio's know-how is predicated on specialists in synthetic intelligence, laptop imaginative and prescient, machine studying and reside verification to confirm the authenticity of id paperwork and actual identities, in addition to to offer authentication in seconds. The corporate has verified greater than 170 million identities issued by greater than 200 international locations and its options have been deployed in circumstances starting from buyer integration to excessive danger transaction monitoring. .
Based in 2010, Jumio launched its Netverify platform at FinovateAsia final fall. Earlier this month, the corporate introduced the ultimate stage of its enlargement in Latin America: the opening of a gross sales workplace in Brazil. Jumio has lately been awarded the best honors within the areas of compliance, biometrics and fraud prevention on the InfoSec Awards 2019 and debuted the 12 months by profitable the Innovation Award 2019 from the Enterprise Intelligence group. The corporate is headquartered in Palo Alto, California.