KUALA LUMPUR, March 19 (Bernama) -- Jumio, the leading AI-powered trusted identity as a service provider has launched Jumio Screening, a fully automated anti-money laundering (AML) screening solution that integrates ComplyAdvantage, a dynamic real-time database of people and companies that pose financial crime risk.
The partnership provides Jumio customers an access to a global proprietary database of structured risk profiles covering enhanced sanctions, regulatory and enforcement watchlists, politically exposed persons (PEPs) and adverse media.
“This integration equips our clients with market-leading data and best-of-breed digital identity and screening technologies to make the right AML risk decisions with automated customer onboarding and ongoing monitoring,” said Jumio’s chief product officer, Philipp Pointner.
The service automatically flags any new online customers when they are initially on-boarded if their names are listed within the databases and delivers proactive alerts and ongoing monitoring after the initial on-boarding process to help financial organisations maintain compliance.
It streamlines the process with ID verification and complete AML screening and monitoring within a single and automated solution, providing regulators and banking partners confidence that they’re complying with all regional AML and counter-terrorist financing requirements.
Customers can leverage a single dashboard for identity verification and watchlist, sanctions and adverse media screening. Jumio’s identity verification detail page will immediately alert customer’s compliance team if there is a watchlist, PEPs or adverse media hit.
For more information, contact https://www.jumio.com and https://complyadvantage.com.
-- BERNAMA
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