Robert Prigge, Jumio president

California based Jumio which is an AI-powered trusted identity as a service provider, has partnered with Brazilian investment bank BTG Pactual. This partnership will help the Investment banks’ clients with the automation of the existing onboarding process. The top priority for the Latin America based investment bank was to connect with a supplier who could provide with an identity verification solution with face-matching technology, alongside the ability to process Brazilian ID documents.

The California based startup was selected because of its ability to offer mature solution for the Brazilian market Second, Jumio could provide verified data of multiple types , it could also provide BTG with government-issued IDs including passports, driver’s licenses and ID cards.

Robert Prigge, Jumio president commented,  “We are extremely proud to partner with BTG Pactual, Latin America’s largest investment bank, to develop their digital investment services and provide faster verification and client onboarding, Throughout Latam, it’s becoming increasingly important for growing banks to accelerate customer acquisition with instant, paperless KYC processes while holding high standards of data privacy and integrity.”

Rogerio Karp, Head of B2C and Products for BTG Pactual digital commented “We have had a fast, friction-free onboarding process since Day 1 thanks to Jumio, Even though some users have tried to trick our onboarding process, with Jumio we are able to identify them before they can cause us any harm.”

In the past year, Jumio has established a new sales office in Brazil and a Jumio SAS operations center in Barranquilla, Colombia.

by Megha Bhattacharya
Market Analyst at IBS Intelligence