The Identity and Beyond Blog

Our take on identity and compliance in a digital-first world.

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AML FINES What To Know Jumio

What To Know About AML Fines For 2021-2022

October 07, 2021

Anti-money laundering (AML) programs provide a set of measures within financial institutions to prevent fraud, money laundering, terrorism financing and other financial crime. AML programs are mandated by the government in various jurisdictions and are aimed at financial service providers, including banks, fintechs, insurance firms, credit unions, casinos, mortgage lenders and more. Failure to comply…

AML Technology

AML Technology That Helps Companies Maintain Compliance

September 17, 2021

For many, money laundering sounds like a crime that just happens in shady businesses or on television shows. Sadly, this financial crime is all too common and can plague ordinary businesses, especially financial services and fintechs that allow users to exchange funds. These businesses and institutions could be used to finance criminal enterprises and provide…


KYC And AML: Key Differences & How They Work Together

September 09, 2021

When it comes to compliance, there are many different regulations for companies to navigate. Adding to the confusion is the various compliance terminology, which can mean different things. AML or anti-money laundering refers to the steps that financial institutions and other firms must take to prevent criminals from depositing or transfering funds that came from…

How Jumio Uses AI to Support New Types of ID Documents

August 26, 2021

The Department of Homeland Security recently announced an extension of the REAL ID full enforcement deadline. This means that after several postponements due to COVID-19, a U.S. driver’s license can be used to board a plane for domestic flights starting May 3, 2023, but only if it complies with the new REAL ID federal standards….

AML Compliant?

Building a Successful AML Compliance Program

August 10, 2021

Running a business requires staying compliant with many local, state and federal regulations. One vital responsibility for management is creating and running an anti-money laundering (AML) compliance program. AML rules are meant to stop criminals from disguising illegal money as legitimate profits. AML has become a focus for many financial institutions and other related industries…

Multi-Factor Authentication: What It Is and How It Protects Your Customers

June 29, 2021

Online users want more security. Over the last year alone, major data breaches have affected millions of people. One headliner, the Microsoft Exchange cyberattack, was enough to terrify even casual users of online services. These breaches have shown how effortless it has become for tech-savvy criminals to steal personal data to use or sell. Business…

Collaborative Compliance: Regulators Focus on Enabling Fintechs

June 22, 2021

Innovation. Partnership. Outreach & Education. When you think of a regulatory agency, these may not be the words that spring to mind, but they were key themes at the North America track of the ACAMS Anti-Financial Crime FinTech Summit. Across all of the sessions, the message was consistent and clear: regulators are focusing on enabling…

How Identity Verification Helps Create a More Inclusive Telehealth Experience

June 15, 2021

COVID-19 has greatly changed how we care for ourselves and has resulted in a massive shift in how we connect with our doctors. But telehealth has tremendous potential beyond the pandemic as well. Virtual care expands healthcare access for everyone while also reducing disease exposure for patients and staff, preserving scarce medical supplies and reducing…

Electronic IDs in the EU and Beyond

June 02, 2021

We are living in times of digital transformation. A lot of forms, certificates, deeds and recordkeeping are moving from the physical world to the online digital world. This is also true for identification documents: all over the world, the trend is to create electronic versions of the traditional physical ID cards. eIDAS is the European…

3 Ways to Solve the AML Problem Jumio

Not All AML Solutions are Created Equal

May 17, 2021

Anti-money laundering (AML) requirements vary across the globe. They are strongly characterized by specific legislation in various countries and can differ by industry and time period as well. It’s a dynamic environment that may require solutions of different complexity levels. For example: A cryptocurrency startup in California may need a simple, entry-level solution to support…

The Transportable Identity

May 11, 2021

Think about all the different ways you’re asked to prove that you are really you. Sometimes, you’re asked to provide an email address, phone number or some type of biometric just to create a new online account. It seems like every website and app has its own unique formula for establishing a user’s true digital…

Digital Transformation

6 Ways Online Identity Verification Can Help Airlines with Digital Transformation

May 04, 2021

Airlines have been hit particularly hard by the COVID-19 pandemic, with an unprecedented 60% global decline in total passengers in 2020 and lost revenue totaling approximately $371 billion, according to International Civil Aviation Organization analysis. Given the positive economic impact of vaccination programs and an expected recovery of the economy in the second half of…