“Given the innovative and disruptive brand that Lanistar is building, it would appear that Jumio’s technology is all the more appropriate for customer authentication.”
An ambitious banking startup in the UK has embraced Jumio technology for simple and secure biometric onboarding.
The firm, Lanistar, is building its alternative platform on the premise of a polymorphic debit card, meaning the card will be able to link multiple bank accounts. And it will be targeting a younger age demographic for its customer base, with the startup aiming to attract those “who seek aspirational and lifestyle brands”, as Jumio explained in a statement announcing the partnership.
Given the innovative and disruptive brand that Lanistar is building, it would appear that Jumio’s technology is all the more appropriate for customer authentication. By leveraging facial recognition and document reading technologies, Jumio’s solution allows end users to confirm their identities with a selfie; not only does that facilitate authentication, but it can even be used for remote onboarding.
It’s an approach that has already been embraced by other financial services providers around the world, and seems particularly fitting for Lanistar’s digital-focused proposition.
“Lanistar is precisely the type of disruptive fintech we enjoy partnering with,” commented Jumio CEO Robert Prigge. “Their focus on leveraging game-changing technology to create a better customer experience is right in our sweet spot.”
For Lanistar’s part, CEO and founder Gurhan Kiziloz said that partnering with Jumio reflect’s his firms effort to work only with “the best companies,” adding, “Since we began talks of a partnership, they’ve been accommodating to our needs, ensuring they understood our requirements and could cater to them.”
June 25, 2020 – by Alex Perala