Robert Prigge, Jumio’s Chief Revenue Officer

Jumio, the AI-powered trusted identity as a service provider, today announced a partnership with Backbase, the omnichannel digital banking platform provider. Together, they will deliver online identity verification services that help financial service organizations optimize conversions, deter fraud and meet KYC, AML and GDPR compliance mandates within an intuitive digital banking experience.
Backbase helps financial institutions carry out digital transformation by providing experiences that boost engagement and client relationships./ Financial institutions that have adopted the Backbase digital banking platform can enrich their solution with highly differentiating Fintech capabilities through the Open Banking Marketplace.
Now, customers on the Backbase digital banking platform can easily add Jumio’s online identity verification capabilities to enhance the onboarding experience. By integrating these AI-powered identity services, it is claimed that financial institutions can deliver a faster and simpler identity verification process within Backbase’s digital banking platform. Jumio and Backbase already share several common banking customers including HSBC and Metro Bank.

The partnership leverages the companies’ collective strengths and expertise in:

· Reducing abandonment rates with a customer-first user experience
· Building digital customer journeys that accelerate customer adoption
· Developing digital solutions leveraging highly resilient and scalable technologies
“Backbase equips financial institutions with a one-stop shop to facilitate their digital transformation,” said Robert Prigge, Jumio’s Chief Revenue Officer.

“This alliance enables Jumio to help these same banks with simple yet powerful identity verification and Know-Your-Customer solutions that can be easily leveraged through the Backbase digital banking platform to increase onboarding conversion rates, dramatically reduce fraud, and meet increasingly stringent compliance mandates.”

by Bill Boyle
IBS Intelligence Senior Editor