{"id":37582,"date":"2020-02-04T11:54:07","date_gmt":"2020-02-04T03:54:07","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=37582"},"modified":"2020-02-04T11:54:10","modified_gmt":"2020-02-04T03:54:10","slug":"jumio-cimb-bank-phl-partner-to-provide-filipinos-ai-powered-identity-verification-tech","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2020\/02\/04\/jumio-cimb-bank-phl-partner-to-provide-filipinos-ai-powered-identity-verification-tech\/","title":{"rendered":"Jumio, CIMB Bank Phl partner to provide Filipinos AI-powered identity verification tech"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Jumio, provider of AI-powered\u00a0end-to-end identity verification and authentication solutions, has partnered with\u00a0CIMB Bank Philippines\u2019\u00a0all- digital bank\u00a0to provide a digital onboarding solution to Filipinos.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In its first full year of formal operations, CIMB Bank Philippines signed in almost 2 million Filipinos via the CIMB Bank PH digital platform, 30% of which are first-time bankers, making CIMB Bank PH the fastest-growing all-digital bank in the Philippines and ASEAN, and a winner of eight banking awards in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Driving financial inclusion, the all-digital, mobile-first bank offers the best-in-market savings interest rates of 4% with zero transaction fees and minimum balance, and seamless account opening and personal loan applications.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CIMB Bank PH\u2019s mobile app integrates Jumio\u2019s AI-driven identity verification technology to provide a safe, secure and fast digital onboarding experience \u2014&nbsp;what used to take 15 minutes with a video KYC process now takes less than five minutes, resulting in an increase in conversions and happier customers.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jumio\u2019s identity verification solution uses machine learning, AI, certified liveness detection and face-based biometrics to ensure the person behind a digital transaction is who they say they are by matching a user\u2019s live selfie with the photo shown on their government-issued ID.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur partnership with Jumio has been integral in achieving our milestones so far as an all-digital bank in the Philippines to deliver a safe and secure banking experience,\u201d said Vijay Manoharan, CIMB Bank PH CEO. \u201cWe are very grateful to have them as an ally in bringing Filipinos closer to financial inclusion.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The collaboration provides Filipinos with a safe and seamless onboarding experience, while still holding high standards of data privacy and meeting local compliance requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn the Philippines and across the greater APAC region it\u2019s becoming increasingly important for banks to offer a streamlined digital onboarding process,\u201d said Robert Prigge, Jumio CEO. \u201cWe are extremely proud to partner with CIMB Bank Philippines to help give more Filipinos access to digital banking in a secure, seamless and compliant manner.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jumio, provider of AI-powered end-to-end identity verification and authentication solutions, has partnered with CIMB Bank Philippines\u2019 all- digital bank to provide a digital onboarding solution to Filipinos.<\/p>\n","protected":false},"author":6,"featured_media":37583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[7036,313,1145,2747,96,2727,1656],"class_list":["post-37582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-jumio","tag-tech-for-smb","tag-tech-for-smbs","tag-tech-for-smes","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/37582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=37582"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/37582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/37583"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=37582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=37582"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=37582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}