Jumio to provide comprehensive digital verification security for eID and Trust Services provider

Jumio, the creator of Netverify® Trusted Identity as a Service (TIaaS), has today announced a partnership with BranddocsTrustCloud, a global integral provider of trust services, which will allow the business to offer Jumio’s solutions to its significant client base in Spain and LATAM. According to the Unisys 2017 ™ Security Index, the main concerns of the Latin American population are related to fraud and the collection and use of data from their bank cards, issues that this partnership helps to address.

Branddocs’ TrustCloud solution, founded and headquartered in New York, is used by some of the world’s most recognised organisations including Logitravel, AON, BBVA, Banco Santander, Willis, XL Catlyn, and others to carry out secure digital transactions and archive them as a Trusted Third Party. This drastically reduces the execution time of processing and shipping costs of transactions.

Jumio’s Netverify Trusted Identity as a Service (TIaaS) will work alongside Branddocs’ existing technologies to provide users with the three core pillars of Netverify: ID Verification, Identity Verification and Document Verification. This multi-layered technology will further strengthen Branddocs’ TrustCloud verification suite and see Netverify achieve further penetration into the Spanish and LATAM markets.

Robert Prigge, CRO at Jumio, said: “Jumio’s instant, trusted verification has fast become an essential tool in digital security. We are pleased to partner with Branddocs, bringing our market-leading ID verification, identity verification and document verification to Spanish and Latin American markets. Netverify will help Branddocs’ clients and partners to ensure that their customers are genuinely who they say are.”

Maria J. Hernández, General Director at Branddocs for Spain & LATAM, added: “Our clients rely on us to help provide trust. Electronic transactions depend on the sender and the receiver each knowing that the other is who they say they are. As the world becomes more digitised, digital signing continues to grow and Jumio’s innovative identity verification technology enables us to provide our customers with a strong, trusted proposition that fits smoothly alongside our existing TrustCloud solution.”

TrustCloud from Branddocs offers Identification, Notification, eSignature and Qualified Archiving (e-Repository). It allows multiple types of eSignatures according to legal criteria, including: Simple, Advanced and Recognised (Qualified), using biometric authentication such as facial recognition to facilitate simple, modern identification for trusted transactions.

Jumio is the de facto standard in identity verification, with over 60 million identities verified. In 2017, the company achieved its strongest results to date and has won Best Fraud Prevention Platform at the 2017 FinTech Breakthrough Awards. It was also named “Cutting Edge Biometrics Security Solution” winner in the 2017 Cyber Defense Magazine InfoSec Awards.