• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

FacePhi banner
  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Goldmoney Takes Advantage of Biometric Authentication Solution from Jumio

March 2, 2018

Another client is looking to take full advantage of Jumio‘s mobile biometric identity verification platform: Toronto-based Goldmoney.

Goldmoney Takes Advantage of Biometric Authentication Solution from JumioIn the age of BitCoin mining, Goldmoney’s business revolves around the old-fashioned idea of investing in actual precious metals. But this is also the mobile age, and Goldmoney must adapt to trends in digitalization – and digital fraud – just like everyone else. To that end, the firm has launched a fully digital customer onboarding process using Jumio’s Netverify platform, with new clients able to verify their identities by using a smartphone to snap pictures of their government-issued IDs, and taking a selfie, with biometric technology matching the face from the selfie to that depicted on the ID. Existing customers can also use the ID confirming process to unlock access to their own digital accounts.

The service has been launched after an initial beta trial, with Goldmoney COO Paul Mennega explaining in a statement that one of his firm’s “biggest challenges is establishing an appropriate balance between client security, regulatory compliance, and an improved onboarding and verification experience.” With Jumio’s solution, Mennega says, Goldmoney has “achieved an important milestone in our mission to increase global access to precious metals by significantly reducing onboarding friction while further improving our industry-leading security and regulatory standards.”

News of the implementation arrives, appropriately, on the heels of Jumio’s Gold win in the 2018 Cybersecurity Excellence Awards, in the category of fraud prevention. The company is proving to be one of the biggest success stories in the financial services sector’s embrace of mobile, biometric authentication technologies, though Netverify has seen a wide range of applications extending beyond that sector as well.

Filed Under: Industry News

Related News & Articles

Mercedes AR Exhibit Lets You Play Tennis with Sloane Stephens

IBM, Visa Announce IoT Payments Effort

HID Global Adds Two New Cards to Seos Portfolio

Primary Sidebar

FacePhi Selphi

Read the Latest Year in Review Analysis:

Aware ABIS webinar

Tweets

FacePhi Selphi

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/
IDEMIA big box

Recent Posts

  • HARMAN Acquires Savari to Support Development of 5G-Ready Connected Cars
  • Mastercard Offers Full Support for Digital Currency in the Bahamas
  • Patent Troll Sues Apple Over Face ID, Touch ID
  • SuperCom Mobile and Wearable Tech to Help Enforce Quarantine in Israel
  • Transmit Security Introduces Fully Passwordless Authentication Solution
IDEMIA big box

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives

Follow Us

Copyright © 2021 MobileIDWorld