Sokin picks Jumio to power customer authentication
Payments fintech Sokin has signed a partnership deal with Jumio to boost the security of its client onboarding process.
Sokin offers fixed price subscription services which it claims can cut out repeat and hidden costs. The firm will integrate Jumio’s artificial intelligence-based identity solution.
Customers will capture a picture of their government-issued ID with a smartphone, and then take a corroborating selfie. The solution uses “certified liveness detection” to authenticate whether the image is genuine.
Founded in 2019, Sokin has yet to disclose any sources of funding or a defined product roadmap.
Sokin says it’s the first in the world to charge a flat monthly fee for withdrawals to external bank accounts..
“We want to be able to check and onboard everyone as quickly and efficiently as possible,” says Vroon Modgill, Sokin CEO.
“Jumio offers best-in-class technology which complements our systems,” he adds. “This partnership enables us to work together.”
Jumio CEO Robert Prigge adds that his firm’s solutions are designed to help fintechs like Sokin “develop and expand their services across different regulatory environments.”