Sokin, Jumio partner to offer digital identity verification technology

Tuesday 4 August 2020 11:57 CET | News

Payments company Sokin has partnered with Jumio to introduce the latest digital identity verification technology as part of its client onboarding process. 

According to PaymentsJournal, Sokin offers a fixed price subscription service for global payments which cuts out repeat and hidden costs. 

Besides, by integrating Jumio’s AI-powered identity verification, Sokin is enabled to validate online customers during the onboarding process. Accordingly, consumers must provide a picture of their government-issued ID with a smartphone, and then take a corroborating selfie with embedded certified liveness detection functionality. This process ensures that the customer’s identity is genuine and that he is physically present during the new account onboarding. 

Moreover, Sokin enables users to make unlimited payments and transfers for one monthly fee, starting at USD 2.99. Sokin offers a subscription-based payment solution, while issuing cards in over 75 countries, wallets in over 150 countries, with more than 35 different currencies. 

Overall, Jumio’s technology empowers businesses where KYC and AML compliance is built into online customer onboarding and authentication, while helping them to expand their services across different regulatory environments.

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Keywords: Sokin, Jumio, digital identity, onboarding, Subscription Solution, Global Payments, liveness detection, KYC, AML
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime