2022 Market Guide for Identity Proofing and Affirmation
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Jumio Document Verification is the ideal automated solution for financial institutions and other online businesses that must comply with AML requirements designed to stop corruption, money laundering and the funding of illegal activities.
The end user easily captures secondary document types such as utility bills, bank statements, credit card statements and Social Security cards with their smartphone or webcam.
Jumio finds and masks sensitive data such as credit card numbers and other PII data, while pulling information relevant to ID verification.
Using Jumio Address Services, automatically verify the address exists and that your customer lives there — all from within the same workflow.
"There was definitely an increase in conversions as a result of implementing Jumio, and a big step change for us compared to when we were doing manual reviews. That helped us in a real, tangible way. It was very impactful for onboarding and conversions."
Easily captures a picture of a secondary document using a smartphone camera and performs optical character recognition (OCR) of the images to automatically decipher the text.
Computer vision technology, AI and automation combine to deliver exceptionally high extraction accuracy, even when documents are creased or crumpled.
Data extraction occurs in seconds on multiple file types, fonts and languages, enabling clients to easily extract information from documents across the world.
Easily extract and compare names and addresses from utility bills, bank statements, credit card statements and official documents like Social Security cards.
Reduce manual review processes with automated, scalable data extraction and streamline the onboarding journey.
Capture proof of identity and proof of address to meet AML, KYC and KYB requirements, as required in many jurisdictions.
