Jumio‘s Trusted Identity as a Service platform, Netverify, will be used to verify users of Plynk, a new peer-to-peer money transfer mobile app based in Europe.
Netverify uses a combination of document reading and facial recognition via mobile device cameras in order to verify the identities of end users; it also recently acquired an eye tracking feature for liveness detection. In a statement announcing the Plynk integration, Jumio emphasized its ease of use, asserting that “verification takes less than a minute and does not require users to leave the app.”
“Netverify is perfectly suited to the unique challenges of meeting KYC/AML compliance for digital-only organisations, and this partnership further consolidates our established credentials for trusted verification and a great user experience in the financial services industry,” said Jumio CRO Robert Prigge in a statement announcing the partnership.
Plynk launched in Ireland this January, and its makers are now preparing for an expansion into the Spanish and Portuguese markets. To that end, Netverify’s ability to read ID documents from a wide range of countries should prove helpful.
The partnership suggests that Jumio’s recently established London office is already paying off as the company seeks to expand into the EMEA region.