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Buyer's Guide to Online Identity Verification

#artificialintelligence

In this increasingly cluttered marketplace of online ID and identity verification, it's difficult to separate the pretenders from the contenders. While no one solution can meet every organization's needs, the intent of this Buyer's Guide is to provide important information about how the solutions work and the key functional requirements you'll want to consider.


Stripe launches Stripe Identity, an identity verification tool for online businesses

ZDNet

Stripe on Monday announced the launch of Stripe Identity, an identity verification system for online businesses. The self-service tool is designed to let businesses deploy a verification flow fully hosted by Stripe as a means of reducing fraud, preventing account takeovers and stopping bad actors. "Businesses have been asking us for an easy and fast way to verify identities online. Stripe Identity offers them just that," said Rob Daly, head of engineering for Stripe Identity. "Now, any internet business -- from a five-person startup to a multinational enterprise -- can begin securely verifying the identities of their users in a matter of minutes, not weeks or months."


A Buyer's Guide to Identity Verification Solutions

#artificialintelligence

In this increasingly cluttered marketplace of online ID and identity verification, it's difficult to separate the pretenders from the contenders. While no one solution can meet every organization's needs, the intent of this Buyer's Guide is to provide important information about how the solutions work and the key functional requirements you'll want to consider.


Unit21 Partners with Socure to Reinvent Identity Verification

#artificialintelligence

Unit21, the market leader in risk modeling, announced a partnership with Socure, the leader in Day Zero digital identity verification. Through the partnership, Unit21 clients are able to make real-time identity verification decisions through Socure's identity verification platform. The partnership has come as a result of Unit21 expanding its identity verification orchestration layer to include some of the most successful players in the market. Customers using Socure ID, with Unit21's onboarding workflow engine, will significantly increase the speed of customer onboarding and loyalty while reducing friction for the good players and minimizing accessibility to the bad players. "We are thrilled to be working with Unit21 as their preferred partner for identity verification solutions," said Evan Rabinowitz, Head of Business Development at Socure.


Jumio and CIMB Bank PH Team up to Provide Filipinos Unmatched Digital Onboarding Experience With AI-Powered Identity Verification Technology

#artificialintelligence

SINGAPORE--(BUSINESS WIRE)--Jumio, the leading provider of AI-powered end-to-end identity verification and authentication solutions, has partnered with CIMB Bank Philippines' all-digital bank to provide a simple, hassle-free and convenient digital onboarding solution to Filipinos. In its first full year of formal operations, CIMB Bank Philippines signed in almost 2 million Filipinos via the CIMB Bank PH digital platform, 30% of which are first-time bankers, making CIMB Bank PH the fastest-growing all-digital bank in the Philippines and ASEAN, and a winner of eight banking awards in 2019. Driving financial inclusion, the all-digital, mobile-first bank offers the best-in-market savings interest rates of 4% with zero transaction fees and minimum balance, and seamless account opening and personal loan applications. CIMB Bank PH's mobile app integrates Jumio's AI-driven identity verification technology to provide a safe, secure and fast digital onboarding experience -- what used to take 15 minutes with a video KYC process now takes less than five minutes, resulting in an increase in conversions and happier customers. Jumio's identity verification solution uses machine learning, AI, certified liveness detection and face-based biometrics to ensure the person behind a digital transaction is who they say they are by matching a user's live selfie with the photo shown on their government-issued ID. "Our partnership with Jumio has been integral in achieving our milestones so far as an all-digital bank in the Philippines to deliver a safe and secure banking experience," said Vijay Manoharan, CIMB Bank PH CEO.