This post is part of our live coverage of FinovateEurope 2015.
Jumio showed how Netverify makes it quick and easy for customers to open new accounts on their mobile device.
Jumio’s Netverify turns your customer’s mobile device into an ID-document-scanning terminal that instantly sees, scans, and extracts name and date of birth, and if present, address data. The data is instantly and neatly populated into the account-opening fields, making it quicker and easier for customers to complete applications.
Jumio also authenticates the ID document by determining that it is a bonafide, non-manipulated, and legitimate government-issued ID.
Account opening can be completed instantly so that customer sign-up momentum is not broken when a customer is asked to provide physical copies of ID documents.
Product launch: 2012
Metrics: 300+ employees; $60 million raised; half of the top-10 consumer internet companies along with hundreds of other retailers, financial institutions, marketplaces, gaming companies and more have adopted Jumio products and services
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: Palo Alto, California, U.S.A.
Founded: 2010
Website: jumio.com
Twitter: @jumio