The Identity and Beyond Blog

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AI & Automatic ID Recognition

How Jumio Uses AI for Automatic Recognition of ID Documents

December 04, 2019

Jumio recently announced the beta launch of Jumio Go, a fully automated identity verification solution. Jumio Go combines AI, OCR and certified liveness detection technologies to automatically extract ID document data and validate the user’s digital identity in real time. Jumio Go, along with Jumio’s entire suite of identity verification and authentication solutions, automatically performs…

Why KYC Is Essential to Security for Banking Institutions

November 19, 2019

The Hudson United Bank of New Jersey was one of the banks used by the airplane hijackers who perpetrated the deadliest attack ever on American soil on Sept. 11, 2001. According to the 9/11 Commission, money-laundering safeguards within the financial industry at the time were not designed to detect or disrupt the type of deposits,…

How Jumio’s Investment in AI is Delivering Big Results for Our Customers

How Jumio’s Investment in AI is Delivering Big Results for Our Customers

November 05, 2019

Today we’re excited to announce some big improvements in our industry-leading identity verification and authentication solutions. Made possible by our multi-year investment in AI, automation and product development, these innovations are onboard now to help you fight fraud and meet your compliance requirements, while converting good customers faster. We invite you to get the complete…

Jumio Go Says No-Go to Deepfakes, Bots and Sophisticated Spoofing Attacks

Jumio Go Says No-Go to Deepfakes, Bots and Sophisticated Spoofing Attacks

October 28, 2019

Your marketing department comes up with a great campaign. They think through all the wording and craft pithy catchphrases to capture the imagination of your target market. They develop email campaigns, banner ads, social posts and even some direct mail — all with the intent of generating bona fide prospects to your website. These campaigns…

Taking the Sting Out of Data Breaches

Taking the Sting Out of Data Breaches

October 25, 2019

Recently, you may have heard about a company that experienced a data breach, and because you didn’t patronize this company, you presumably breathed a sigh of relief. But don’t get too comfortable — chances are your data may get compromised in the next breach, or the one after that. When there’s a big data breach,…

Good Enough?

When Good Enough isn’t Good Enough

October 22, 2019

Think back to the last online account you created. It may have been a new bank account, or perhaps a new social media or online dating profile. Chances are you were asked questions like “Which of the following addresses have you resided at in the last five years?” This is part of the identity proofing…

Will Deepfake Technology Defeat Biometric Authentication?

Will Deepfake Technology Defeat Biometric Authentication?

October 10, 2019

Deepfakes are everywhere. From video impersonations to celebrity face swaps, they are becoming the modern-day meme because they’re relatively simple to create. A deepfake superimposes existing video footage of a face onto a source head and body using advanced neural network powered AI. In other words, a deepfake looks to be a real person’s recorded…

AML in Switzerland

AML: The Changing Regulatory Landscape of Switzerland

September 17, 2019

Switzerland needs online identity verification now. While this technology is nothing new to Swiss regulators, Swiss banks and financial institutions have been slow to roll it out and are hurting themselves by not acting sooner. Back in 2016 the Swiss Financial Market Supervisory Authority (FINMA) started allowing Swiss-based financial institutions to use online identity verification…

When Regulations Collide: GDPR and AML Compliance

September 06, 2019

What is GDPR? The General Data Protection Regulation (GDPR) is designed to protect the data privacy of EU citizens. Every company that processes the data of EU citizens, regardless of where that company is located, must comply with GDPR policies. The fines for non-compliance are huge: up to €20 million (~$22 million) or up to 4% of the…

CCPA 2020: What Businesses Need to Know About the California Consumer Privacy Act

CCPA 2020: What Businesses Need to Know About the California Consumer Privacy Act [Infographic]

September 05, 2019

Our digital and physical worlds are becoming increasingly inseparable, with 81% of American adults going online on a daily basis, according to a recent Pew Research Center survey. Consumers can do everything from renting a vacation home to opening a new bank account with just a few clicks and swipes. In the process they’re leaving…

Demystifying Strong Customer Authentication: A Simple Path to PSD2 Compliance

Demystifying Strong Customer Authentication: A Simple Path to PSD2 Compliance

August 21, 2019

This month, the UK’s Financial Conduct Authority (FCA) confirmed an 18-month delay to the introduction of Strong Customer Authentication (SCA) rules in order to give financial and retail firms a little breathing room to prepare. “The FCA has been working with the industry to put in place stronger means of ensuring that anyone seeking to…

Get eKYC Right

How Asia-Pacific Banks Can Get eKYC Right [Infographic]

August 07, 2019

Asia-Pacific smartphone adoption is through the roof, and nine countries in Asia already have the same or higher smartphone ownership rate than the U.S. This skyrocketing mobile device adoption is a positive step for APAC banks and financial institutions when it comes to customer onboarding. Consumers increasingly expect that their online banking experience should be…