• 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

  • 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

Jumio and ComplyAdvantage Team Up to Fight Against Money Laundering

March 20, 2019

Jumio and ComplyAdvantage Team Up to Fight Against Money Laundering

Jumio has launched an anti-money laundering service through a new partnership with ComplyAdvantage. The platform is called Jumio Screening, and it combines Jumio’s award-winning Netverify identity verification solution with ComplyAdvantage’s extensive watchlist for financial crime.

“As more and more companies onboard new customers remotely, it’s increasingly important for online businesses to flag individuals who appear on sanctions lists in order to tackle money laundering and terrorist financing,” said Jumio Chief Product Officer Philipp Pointner. “This equips our clients to make the right decisions with automated customer onboarding and ongoing monitoring.”

ComplyAdvantage maintains a database of companies and individuals that are considered to be likely perpetrators of financial crime, including regulatory watchlists, politically exposed persons, and adverse media. Jumio Screening integrates ComplyAdvantage into the Netverify dashboard, matching the profile against the database whenever a new customer is added to a company’s system.

The solution is geared towards financial organizations that need to comply with regional anti-money laundering and counter-terrorism regulations. The platform flags any suspicious customers and sends an alert to a company’s compliance team, at which point they can conduct a review to assess the actual risk. Jumio Screening then provides ongoing monitoring to allow companies to remain vigilant once the onboarding is complete.

Netverify has previously been used to confirm an individual’s work eligibility in the UK and reduce the risk of hiring violations. The partnership with ComplyAdvantage will lower a company’s exposure to financial crime in a similar fashion.

Filed Under: Industry News Tagged With: AML, Biometric, biometric authentication, biometrics, ComplyAdvantage, face scanning, facial recognition, Jumio, NetVerify, strategic partnerships

Related News & Articles

CommonSpirit Health at Home Ensures Chronic Patients Receive Quality Care During COVID-19

Tinder to Expand ID Verification Efforts

Pindrop Announces Major Expansion Plans at CES 2019

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

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/

Recent Posts

  • HID Attains Anti-Spoofing Milestone With Lumidigm Fingerprint Biometrics
  • Kenyan Officials Detail Ambitious Digital ID Plan
  • IDEMIA Brings Mobile ID to Missouri
  • Selfie-based Age Verification Emerges as Important New Digital Identity Market
  • Aiming to Extend Digital ID Beyond Air Travel, Onfido Acquires Airside

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld