• 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

New Case Study Demonstrates the Power of Jumio’s Identity Verification Tech

August 26, 2020

“There was definitely an increase in conversions as a result of implementing Jumio, and a big step change for us compared to when we were doing manual reviews.” – Jason Harper, Vice President of Product, Paysafe

Jumio is highlighting the effectiveness of its identity verification platform with a new case study that puts Paysafe in the spotlight.

New Case Study Demonstrates the Power of Jumio's Identity Verification Tech

Based in the UK, Paysafe is a multinational online payments specialist. It processes an annualized transactional volume of more than $85 billion, and operates in more than 40 currencies.

As such, the organization has to comply with rigorous Know Your Customer and Anti-Money Laundering requirements, which Jumio has been helping it to do since 2014.

“As soon as I heard about Jumio’s services it became quite obvious what the
opportunities for improving our customer experience were,” explained Paysafe customer service SVP Alessandro Bruno-Bossio. “Since then, Jumio has continued to lead in its space and develop its technology. They have also stayed ahead of the curve as regulatory requirements have increased and released other features that have helped us counter friction and customer pain points as part of our compliance procedures.”

But Jumio has also helped in another critically important way: improving the end user experience. Thanks to its document reading and facial recognition technology, Jumio allows Paysafe customers to verify their identities by submitting images of official identity documents and even things like credit card statement and utility bills, in order to verify their addresses.

This automated approach has allowed Paysafe to reduce the time needed for identity verification from a process that could take longer than a day, to just a matter of minutes.

That improved efficiency has had tangible benefits, according to Paysafe product VP Jason Harper. “There was definitely an increase in conversions as a result of implementing Jumio, and a big step change for us compared to when we were doing manual reviews,” he attested. “That helped us in a real, tangible way. It was very impactful for onboarding and conversions.”

This kind of client enthusiasm makes a strong case for Jumio’s solution, and bodes well for the company as it seeks to expand into French language markets with the recent opening of its new sales office in France.

–

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: AML, Biometric, biometrics, case studies, document reading, face biometrics, facial recognition, Jumio, KYC, Paysafe, selfie authentication

Related News & Articles

Chrome Update Enhances Security on Android and iOS

ABI Research Predicts 400% CAGR for Biometric Payment Cards Through 2022

Polish Crypto Exchange Embraces Selfie Onboarding

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

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/

Recent Posts

  • Saskatchewan Privacy Commissioner Urges Development of Optional Digital ID
  • Wearable Authentication Company Closes $13 Million Funding Round
  • Fobi and Barnet Unveil New Digital Wallet Loyalty Solution
  • IPification Partners With Major Indonesian Telecom
  • INTELITY Streamlines Hotel Check-in With Mobile ID Solution

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 © 2022 MobileIDWorld