Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

AI-powered trusted identity as a service provider

Posted by fidest press agency su mercoledì, 13 novembre 2019

I-Remit enables local Filipinos and those working abroad to send money in and out of their home country. The Philippines received an equivalent of about 10% of its GDP in remittances in 2018, with roughly 10 million Filipinos working overseas out of a total population of about 107 million, according to the World Economic Forum.Demographic shifts have played a key role in the massive and swift adoption of online remittance technologies — the Philippines has one of the youngest populations in the world, with an average age of 23.5 years. This young population, coupled with broad access to mobile phones and other forms of technology, have sped up digital transformation in the remittance industry.In order to meet the needs of shifting demographics and an evolving remittance industry, I-Remit is now driving its own unique transformation and launched IREMITX earlier this year as a secure, online alternative to in-person transactions. With IREMITX, customers can securely and conveniently send and receive money online, via web and mobile web — no need to visit a physical branch and wait in line.When looking for a vendor to streamline the digital onboarding experience, I-Remit needed an eKYC provider operating within multiple countries — IREMITX users can send money between the Philippines and Canada, Singapore, Japan and UK, with more countries expected to be announced in the future.
Jumio’s Identity Verification solution uses machine learning, AI and face-based biometrics to ensure the person behind a transaction is present and who they say they are by matching a user’s live selfie with the photo shown on their government-issued ID. By using Jumio, I-Remit has the ability to compliantly, securely and quickly verify customers across the globe, in more than 200 countries and territories and in a multitude of languages, with over 3,000 ID document types.
To learn more about Jumio’s end-to-end online identity verification and authentication solutions, visit jumio.com.

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