Jumio integrates with ComplyAdvantage for new AML solution
The new solution leverages ComplyAdvantage’s automated watchlist and politically exposed persons (PEPs) screening and monitoring to streamline the compliance process.
Chief product officer for Jumio Philipp Pointner highlighted the role of sanctions lists in helping fight financial crime such as money laundering. “This integration equips our clients with market-leading data and best-of-breed digital identity and screening technologies to make the right AML risk decisions with automated customer onboarding and ongoing monitoring,” Pointner says.
ComplyAdvantage’s technology is integrated into the dashboard of Jumio’s Netverify platform, making identity verification, sanctions and adverse media screening available from one location. The screening solution automatically flags new online customers during initial onboarding if their name appears on any of the sanctioned lists, and alerts compliance professionals who can conduct a more detailed review.
Jumio’s technology leverages AI, computer vision technology, machine learning, and live verification experts to verify the authenticity of ID documents and real-world identities, as well as provide authentication, in seconds.
The company says it has verified more than 170 million identities issued by 200+ countries, and its solutions have been deployed in use cases ranging from customer onboarding to high-risk transaction monitoring.