Boku Inc., (AIM: BOKU), the world’s leading provider of mobile payment and identity solutions, and Global Data Consortium (GDC), the industry leader in electronic identity verification, announced a new partnership today to streamline AML and KYC compliant customer onboarding for billions of consumers.
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The agreement integrates Boku’s mobile identity matching product into the GDC platform to verify consumers’ name, address, date of birth and mobile phone number as part of Know Your Customer (KYC) onboarding. Boku’s mobile network data is a unique addition that will fortify the electronic identity verification process at the time of account creation.
The enhanced product enables businesses to ensure new customer accounts are created in compliance with Anti-Money Laundering (AML) regulations and other compliance use cases without requiring the use of more expensive or cumbersome processes. Businesses can now feel confident that in addition to meeting compliance requirements, fraudsters will now face more roadblocks than ever before stealing or disrupting business for legitimate users.
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William Spruill, CEO of Global Data Consortium, commented, “GDC prides itself on its depth, breadth, and variety of data sources all over the world. By harnessing the power of Boku’s global partnerships and mobile data in combination with our Consortium, we can raise the bar for what is considered a state of the art, intuitive KYC solution.”
Stuart Neal, Chief Business Officer for Identity, Boku, commented, “We are delighted to partner with GDC to provide mobile identity products to their global customer base. In partnership with GDC, we’ll be bringing simpler compliance to businesses along with greater security and better user experience to even more consumers, positively impacting digital transactions.”
