Jumio biometrics selected by ASAPP to secure remote financial services for Canadian credit unions

OneSpan and ForgeRock partner to help FIs orchestrate identity and access management systems

Jumio’s biometric authentication technology is being integrated into the forthcoming Asapp 11.0 release to give Canadian credit unions end-to-end identity verification and remote digital KYC capabilities.

Asapp Financial Technology is launching version 11.0 of its flagship software later this year, with significant upgrades to its user experience and interface for omnichannel account and lending origination. Jumio’s cutting-edge biometrics and AI solutions for online identity verification will be integrated to deliver capabilities for credit unions in the country to meet FINTRAC KYC and AML compliance requirements. End users can scan a drivers’ license or Canadian passport, and submit a biometric selfie as proof of identity.

Asapp chose Jumio for its ability to combine biometrics and AI technology to return results in seconds.

“We are very excited to partner with ASAPP and bring our biometrics solution to Canadian credit unions,” states Dean Hickman-Smith, Jumio’s chief revenue officer. “As Canadian credit unions continue to embrace digital transformation, driven by both the expectations of their members and accelerated by the COVID-19 pandemic, ASAPP, powered with Jumio, delivers the ability to open new accounts and lending products anytime, anywhere and in a matter of minutes.”

“ASAPP’s mission is to partner with Canadian financial institutions as they compete against direct-to-consumer fintech solutions,” says Steve Sauve, ASAPP’s chief product officer. “With Jumio we are able to deliver a broader range of innovative identity verification options, including rapid biometric identification, and support our credit union Client-Partners. Our team is well underway with development and we will be delivering the solution in-market this December.”

OneSpan joins ForgeRock Identity Platform

OneSpan has formed a strategic partnership with ForgeRock to help banks and financial institutions orchestrate their identity and access management systems and protect customers from fraud.

The integration of OneSpan technology with ForgeRock Intelligent Access provides a single open solution for simplified authentication, risk and fraud management, according to the announcement.

OneSpan’s risk analytics use machine learning to identify and help defend against fraud in real-time, and along with its multi-factor authentication give customers the create new authentication workflows. The integration into the ForgeRock Identity Platform lets customers easily select the capabilities and drag and drop them into an intuitive workflow builder.

“This alliance brings together two best of breed solutions to help banks and financial institutions fast track the implementation of intelligent adaptive authentication and fraud management across multiple lines of business,” comments OneSpan’s Vice President of Global Alliances, Xavier Juredieu. “With our combined technologies, ForgeRock IAM customers get a single platform that adds extensive multi-factor authentication, fraud management and mobile security capabilities to efficiently manage and protect the entire digital banking journey.”

Article Topics

AI  |  biometrics  |  digital identity  |  facial recognition  |  financial services  |  ForgeRock  |  identity management  |  identity verification  |  Jumio  |  KYC  |  OneSpan  |  remote authentication

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