Irish money messaging app Plynk has selected Jumio’s Netverify platform to verify identity of users who load money onto their Plynk accounts for instant payments.
The US-based technology vendor said that its solution will verify the identity of customers who load money to their Plynk payment account from their debit and credit cards.
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The verification process will take less than a minute and will not require users to leave the app, Plynk added.
A streamlined verification process will help Plynk comply with Anti-Money Laundering (AML) legislation and Know Your Customer (KYC) requirements.
Plynk CEO and co-founder Charles Dowd said: “The speed, innovation and security of Jumio’s Netverify aligns perfectly with Plynk’s key values of being fast and fun. This, combined with Jumio’s excellent track record in helping highly reputable companies meet tight KYC and AML regulations, made Jumio a natural partner for us, and we look forward to working and growing together.”
Jumio CRO Robert Prigge said: “Netverify is perfectly suited to the unique challenges of meeting KYC/AML compliance for digital-only organisations, and this partnership further consolidates our established credentials for trusted verification and a great user experience in the financial services industry.”
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By GlobalData
