Plynk partners with Jumio on money messaging

30/08/17

Biometrics-enabled digital ID firm Jumio has announced an agreement with Plynk, a money messaging app.

In a statement, Jumio said its biometric Netverify solution will help Plynk verify frequent customers who are instantly loading money from their debit and credit cards to their Plynk payment account.

The verification takes less than a minute and does not require users to leave the app. 

It noted that a streamlined verification process is important for convenience-focused, mobile-only financial products such as Plynk, which must comply with Anti-Money Laundering (AML) legislation and Know Your Customer (KYC) requirements but, unlike brick and mortar licence-holders, cannot physically check customer identities in-person.

Robert Prigge, CRO, Jumio, said: ‘’As the market’s most reliable digital identity platform, with over 60 million identities verified at the highest accuracy rate, Jumio is delighted to partner with Plynk. 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.’’

Charles Dowd, CEO and Co-Founder, Plynk, said: ‘’In today’s fast-moving digital world, Plynk is leading the way in making the money transfer process as easy as sending a text or a photograph to friends. 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.’’

Netverify’s ability to process identity documents from over 200 countries will also help to promote scalable growth for Plynk as the app expands into the Spanish and Portuguese markets.  

Subscribe to our free newsletter
Follow us on Twitter
Join us on LinkedIn

Latest Features & Interviews

Interview: Sean Farrell, Head of Portfolio Management, Government Solutions, SITA

Planet Biometrics discussed the future of biometric travel technology with Sean Farrell, head of Portfolio Management, Government Solutions, SITA.

Interview: Get Group's Gerald Hubbard

Ahead of connect:ID 2017, Security Document World took time-out to speak to Gerald Hubbard, director of business development  at Get Group

White paper: Slovakia prototypes mobile electronic identification (MeID) solution

Empowering e-government by shifting to smart cards is accelerating the arrival of a new era of mobile identity and electronic documents.

More articles >>
Share |

Sponsored Links

SDW Conference and Exhibition
SDW is a world-leading conference and exhibition providing a global showcase for next-generation secure credentialing solutions.