Jumio Enters France’s Identity Verification Market to Deliver eKYC and Remote Onboarding Services
The COVID-19 pandemic has showcased the value of digital transformation for businesses and the digitisation of the new online account creation process
Jumio, the leading provider of AI-powered end-to-end identity verification and authentication solutions, announced the launch of a French solutions portfolio and the appointment of Frederic Ly as its first sales leader for the region. This expansion comes at a time when COVID-19 is expediting digital transformation (Jumio)efforts around the globe.
“Our vision rests on the ability to provide a single sign-on, onboarding and KYC process that is quick and simple, yet still comprehensive enough to satisfy both regulatory and legacy banking requirements”
A June 15 report from Le Conseil National du Numérique offers insights on the future of identity management and verification in France. The report explains that while the French government aims to fully digitise all of its administrative processes by 2022, it is essential to build secure digital identity processes and facilitate people’s access to digital services. Today 92.4% of French people use the internet, and 59% use social networks, and the trend is increasing. Jumio’s answer is a biometric solution where your face is your password, and online identity verification is as easy as a selfie.
Driven by legislation and consumer appetite for a fully digital online experience, identity verification — a key component to any digital transformation strategy — is high on the agenda for many French companies, as it offers strong competitive advantage and helps meet Know Your Customer (KYC), Anti-Money Laundering (AML) and Strong Customer Authentication (SCA) mandates.
Jumio’s new French portfolio of end-to-end identity verification solutions helps organisations fight fraud, maintain compliance and onboard customers faster, to quickly and reliably verify a user’s online identity and definitively answer if they are who they claim to be.