- Jumio and Prometeo have partnered to streamline identification and checking account verification throughout Latin America.
- The combination combines biometric authentication, AI, and Prometeo’s banking community to enhance safety, cut back operational time, and improve person expertise for fintechs and digital platforms.
- The 2 are aiming to assist organizations meet regulatory necessities whereas scaling to satisfy rising demand for safe, digital monetary companies.
Digital identification options firm Jumio introduced this week that it has partnered with fintech infrastructure firm Prometeo to create an answer for identification authentication and checking account validation throughout Latin America.
Integrating Jumio’s identification verification platform with Prometeo’s account validation will present Prometeo’s shoppers with entry to a single resolution that simplifies processes together with onboarding and cost reconciliation whereas decreasing operational instances, stopping fraud, and delivering a greater person expertise.
“This alliance permits us to supply stronger checking account validation, a key factor in any authentication course of. We’re not simply confirming whether or not an account exists — we’re additionally verifying who’s behind it, which redefines how fintechs and digital corporations construct quick and environment friendly onboarding processes,” stated Prometeo Business Director Roberto Gaudelli. “We’re proud to achieve this milestone, which provides an additional layer of safety and belief for our shoppers.”
Based in 2018, Prometeo’s monetary infrastructure permits companies to combine seamlessly with the monetary system in Latin America and the US. The corporate presents an embedded banking platform and multi-banking resolution to supply fintechs, digital banks, cost gateways, on-line gaming platforms, and e-commerce corporations automated entry to monetary data and transactions by way of a single API. Prometeo’s community consists of greater than 1,500 connections to 1,200 monetary establishments throughout 11 nations.
Jumio’s platform presents an identification intelligence platform that makes use of biometric authentication, automation, and data-driven insights to assist its shoppers know and belief their on-line customers. The corporate was based in 2010 and got here near collapse when it filed for chapter in 2016. After restructuring, Jumio offered to Centana Enterprise Companions, which acquired the corporate for $850,000 two months after its chapter submitting. Since its acquisition, Jumio has processed over one billion transactions from over 200 nations and territories.
“Connecting our best-in-class biometric verification expertise with the most important banking community in Latin America not solely delivers a extra full resolution to the market, it additionally raises the bar for safety and effectivity,” stated Jumio Strategic Alliances Supervisor for Latin America Pilar Pereira. “This alliance integrates superior AI capabilities, knowledge analytics, and person habits interpretation, components that actually make a distinction and permit us to supply a strong, clever resolution designed to sort out one of many area’s largest challenges.”
Prometeo and Jumio anticipate that their alliance will enhance verification in Latin America. By becoming a member of forces, they’re aiming to make digital onboarding smoother and safer by serving to organizations confirm an individual’s identification and checking account on the similar time. Their built-in, modular resolution tackles actual ache factors like fraud prevention, compliance with native and world rules, and it’s scalable for companies of all sizes.
Picture by Alexandre Lima
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