Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality
Summary
Based in Bahrain, Bank ABC currently serves customers on five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia. Earlier this year at the 3rd Middle East and Africa FinTech Forum, Al Waary said: “Across the region, banks and other financial institutions are facing enormous disruption from technology. Jumio’s end-to-end identity verification solutions fight fraud, maintain compliance and onboard good customers faster. Leveraging advanced technology including augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps organizations meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors.
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