Identity verification specialist Jumio has announced that a recent report in Banking CIO Outlook has named Beam as one of the top 10 KYC Solution providers of 2020.
Jumio acquired the Beam Solutions platform in September and worked to integrate it into its KYX Platform (the ‘X’ being whoever a business wants to verify with respect to identity), before folding them under the Jumio Transaction Monitoring umbrella.
The Banking CIO Outlook list is made up of the top 10 firms identified by the publication as “prominent organizations in the industry that address issues pertinent to the finance sector by implementing current trends”, and highlights the importance of AI, blockchain, analytics, and “social biometrics” in modern KYC solutions.
“We are delighted to be named in the Banking CIO Outlook report,” said Jumio CEO Robert Prigge. “Jumio Transaction Monitoring enables seamless ongoing customer due diligence to ensure KYC compliance for the entire customer journey. From onboarding to transaction monitoring, case management and AML reporting, Jumio’s KYX platform is the only complete end-to-end compliance platform.”
Just last month, Jumio released a new guide that aims to help banks, cryptocurrency providers, and other regulated businesses comply with evolving KYC and AML (Anti Money Laundering) regulations.
The Jumio team is currently working on various UI and performance enhancements to Beam, aimed at enhancing the back-end infrastructure and improving the KYC experience.
December 15, 2020 – by Tony Bitzionis