Yousif Almas, Group Chief Digital Officer at Bank ABC

AI-powered identity-as-a-service provider, Jumio has partnered with Bahrain-based international bank, Bank ABC. The partnership aims to assist Bank ABC‘s digital bank in onboarding customers while utilizing Jumio’s identity verification solution.

“Jumio is excited to partner with Bank ABC and help the company revolutionize digital banking in the Middle East,” said Robert Prigge, Jumio President. “We’re happy to contribute to their mission of delivering a level of service that matches, or exceeds, the market practice internationally by providing the leading-edge identity verification services that vet the digital identities of new customers — quickly, securely and compliantly.”

According to the supplier, the implementation of Jumio’s identity verification service will enable ABC to verify its customers online as well as assist it in the expansion of its digital operations, globally.

“We’re proud to be the first bank in the Middle East to leverage face-based biometrics to streamline the KYC and identity-proofing processes,” said Yousif Almas, Group Chief Digital Officer at Bank ABC. “As more and more customers move online and transact via their mobile devices, it’s critical for Bank ABC to deliver a simple, fast and intuitive onboarding experience that takes minutes, not hours or days.”

Bank ABC’s services cover countries including the Middle East, North Africa, Europe, the Americas as well as Asia. It provides global Wholesale Banking coverage and products that include Corporate and Financial Institutions coverage, Transaction Banking (Trade Finance and Cash Management), Project and Structured Finance, Syndications, Treasury and Financial Markets products and Islamic Banking.

“Bank ABC is committed to leveraging the benefits of AI technologies to create seamless customer journeys for accessing banking services securely,” said Sael Al Waary, Bank ABC’s Deputy Group Chief Executive Officer.

by Megha Bhattacharya
Market Analyst at IBS Intelligence