Jumio, Monzo Recognized for FinTech Collaboration

“Revolving around document reading and facial recognition, Jumio’s system can leverage an end user’s selfie camera to verify their identity, allowing for a fast and accurate verification process.”

Jumio has won yet another industry award, this time with a partner: The company and its client Monzo took the top awards in the categories of “Financial Services: User Experience” and “Best Online User Experience B2C – Best Digital Customer Journey” at this year’s UK Digital Experience Awards.

The companies teamed up in the spring of 2017, with Monzo, a mobile-focused financial services provider, looking to gear up after receiving its full banking licence from the UK’s Financial Conduct Authority and the Prudential Regulation Authority. Like so many other financial services providers, Monzo needed a reliable means of remotely onboarding customers that would comply with KYC requirements. Jumio’s technology fit the bill: Revolving around document reading and facial recognition, Jumio’s system can leverage an end user’s selfie camera to verify their identity, allowing for a fast and accurate verification process.

It was a good match, and one that has now brought both companies some industry recognition. And for Jumio, the UK Digital Experience Awards are only the latest in a string of industry prizes, with the company also having announced two award wins in the 2018 IT World Awards earlier this month.

In a statement announcing the plaudits, Jumio CEO Stephen Stuut said, “We are absolutely delighted with these recent award wins because they reflect the huge strides we’ve made in improving the customer experience over the past 12 months.” Stuut also thanked Monzo “for the key role they played in streamlining and simplifying the onboarding process” for its customers.

The UK Digital Experience Awards were presented at a ceremony in London’s Park Plaza Riverbank last week.