Jumio has unveiled a real-time fully automated identity verification solution to identify and prevent deepfakes, bots and sophisticated spoofing attacks.
Dubbed Jumio Go, the AI-powered solution seeks to prevent advanced frauds during remote customer on-boarding process.
Jumio Go is equipped with integrated liveness detection tool to differentiate between authentic selfies and realistic 3D masks.
Accordingly, the solution will help financial institutions to prevent fraudulent online account creation or such impersonation attempts.
Additionally, it will help clients to comply with the evolving AML and KYC requirements.
Jumio president Robert Prigge said: “Given Jumio’s AI expertise, machine learning models and massive verification datasets, launching a fully automated solution was always a question of when, rather than if.
“Jumio Go leverages the power of big data and big AI to equip modern enterprises with instant online identity verification that delivers a simple and intuitive experience for good customers. Just as importantly, Jumio Go prevents bad actors and bots from creating fake accounts thanks to our embedded liveness detection, which is a powerful deterrent for fraudsters and cybercriminals.”
The new identity verification solution leverages historic identity verifications, and machine learning to determine identity manipulations.
It supports more than 500 ID types and multiple customer implementations including mobile, web and cloud API service options.
Currently, Jumio Go is released in beta, under which, the company will procure customer and partner feedback. Subsequently, the solution will have a general roll-out.
Earlier this year, Bahraini lender Bank ABC partnered Jumio to enable digital on-boarding using biometric authentication.