Endpoint //

Authentication

7/11/2018
11:22 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Backbase and Jumio Form Global Alliance for AI-Powered Identity Verification

Jumio's online identity verification services enhance Backbase's Open Banking Marketplace

PALO ALTO, Calif., July 11, 2018 -- Jumio, an AI-powered trusted identity as a service provider, today announced a partnership with Backbase, an omni-channel digital banking platform provider. Together, they will deliver online identity verification services that help financial service organizations optimize conversions, deter fraud and meet KYC, AML and GDPR compliance mandates within an intuitive digital banking experience.

Backbase helps financial institutions achieve digital transformation by providing digital experiences that boost engagement and ensure lasting client relationships. Financial institutions that have adopted the Backbase digital banking platform can enrich their solution with highly differentiating Fintech capabilities through the Open Banking Marketplace.

Now, customers on the Backbase digital banking platform can add Jumio’s online identity verification capabilities to enhance the onboarding experience. By integrating these AI-powered identity services, financial institutions can deliver a fast, compliant, and simple identity verification process within Backbase’s digital banking platform. In fact, Jumio and Backbase already share several common banking customers including HSBC and Metro Bank.

The partnership leverages the companies’ collective strengths and expertise in:

  • Reducing abandonment rates with a customer-first user experience
  • Building digital customer journeys that accelerate customer adoption
  • Developing digital solutions leveraging highly resilient and scalable technologies

“Backbase equips financial institutions with a one-stop shop to facilitate their digital transformation,” said Robert Prigge, Jumio’s Chief Revenue Officer. “This alliance enables Jumio to help these same banks with simple yet powerful identity verification and Know-Your-Customer solutions that can be easily leveraged through the Backbase digital banking platform to increase onboarding conversion rates, dramatically reduce fraud, and meet increasingly stringent compliance mandates.”

Existing and new Backbase clients can now capitalize on this alliance. Learn more here.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
RIP, 'IT Security'
Kevin Kurzawa, Senior Information Security Auditor,  11/13/2018
Understanding Evil Twin AP Attacks and How to Prevent Them
Ryan Orsi, Director of Product Management for Wi-Fi at WatchGuard Technologies,  11/14/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-17906
PUBLISHED: 2018-11-19
Philips iSite and IntelliSpace PACS, iSite PACS, all versions, and IntelliSpace PACS, all versions. Default credentials and no authentication within third party software may allow an attacker to compromise a component of the system.
CVE-2018-9209
PUBLISHED: 2018-11-19
Unauthenticated arbitrary file upload vulnerability in FineUploader php-traditional-server <= v1.2.2
CVE-2018-9207
PUBLISHED: 2018-11-19
Arbitrary file upload in jQuery Upload File <= 4.0.2
CVE-2018-15759
PUBLISHED: 2018-11-19
Pivotal Cloud Foundry On Demand Services SDK, versions prior to 0.24 contain an insecure method of verifying credentials. A remote unauthenticated malicious user may make many requests to the service broker with different credentials, allowing them to infer valid credentials and gain access to perfo...
CVE-2018-15761
PUBLISHED: 2018-11-19
Cloud Foundry UAA release, versions prior to v64.0, and UAA, versions prior to 4.23.0, contains a validation error which allows for privilege escalation. A remote authenticated user may modify the url and content of a consent page to gain a token with arbitrary scopes that escalates their privileges...