Mr. Josh Crumb reports
GOLDMONEY PARTNERS WITH JUMIO TO RADICALLY STREAMLINE CUSTOMER ONBOARDING WITH BIOMETRIC-BASED VERIFICATION
Goldmoney Inc. has launched a new onboarding method with Jumio, the leading digital identity verification provider, after a successful beta release. This new on-line verification process is entirely paperless and significantly reduces on-line friction historically associated with customer account set-up.
Powered by Jumio's real-time ID verification technology, Goldmoney now offers clients a paperless process for Holding verification. Clients can simply take a photo of their government-issued ID and a selfie to verify their identity. New Goldmoney clients can apply for a Goldmoney Holding account and complete the verification process in less than three minutes, while current Holding owners can submit a photo of their government-issued ID and a selfie and unlock access to fully verified Holding features.
Jumio's biometric-based identity verification technology has proven to be secure and diligent, and is in full compliance with anti-money laundering (AML) legislation and know-your-customer (KYC) requirements.
"As we continue to expand the functionality of the Goldmoney Holding offering, one of our biggest challenges is establishing an appropriate balance between client security, regulatory compliance, and an improved onboarding and verification experience," said Goldmoney's chief operating officer, Paul Mennega. "Through our partnership with Jumio and the integration of their best-of-breed verification solution, we have achieved an important milestone in our mission to increase global access to precious metals by significantly reducing onboarding friction while further improving our industry-leading security and regulatory standards. It's a true win-win."
"According to recent Juniper research, the global cost of data breaches will rise to $2.1-trillion by 2019, so it's increasingly imperative for on-line companies, especially financial institutions, to know, really know, who their customers are on-line," said Jumio's chief executive officer, Steve Stuut. "Because Goldmoney enables its clients to invest, earn, or spend gold, silver, platinum and palladium, they must ensure that their on-line customers are reliably, accurately and compliantly verified.It's this delicate balance between fraud detection and the user experience that made us the right choice -- not only for Goldmoney, but for a growing roster of digital banks, foreign exchanges and cryptocurrency exchanges."
About Goldmoney Inc.
Goldmoney, a financial service company traded on the Toronto Stock Exchange, is a global leader in precious metal investment services and the world's largest precious metals payment network. Safeguarding nearly $2-billion in assets for clients located in more than 150 countries, Goldmoney is focused on a singular mission to make precious-metals-backed savings accessible to all. Powered by Goldmoney's patented technology, the Goldmoney Holding is an on-line account that enables clients to invest, earn or spend gold, silver, platinum, palladium and cryptocurrencies that are securely stored in insured vaults in seven countries. All bullion assets are fully allocated and physically redeemable property.
We seek Safe Harbor.
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