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 digital identity usps


Regtech: Jumio reveals its digital identity USPs

#artificialintelligence

The digital identity management and biometric verification space is a busy one, with many technology providers touting some sort of machine learning or computer vision solution. So what constitutes a unique selling point in this crowd of contenders? Jumio, which offers a "hybrid" approach and counts Airbnb among its clients, says it has become familiar with 3,000 different types of onboarding identity documents from all over the planet, and currently does some 110,000 verifications a day. It's a three-pillared approach: firstly, the entry point to the system, which involves knowing some variant of government-issued ID and its particular security features, as well as the weaknesses fraudsters might attempt to exploit. Then, determining it is valid using facial recognition biometrics.