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Jumio joins NICE Actimize’s X-Sight Marketplace to assist companies with AML

Digital identity startup Jumio has joined NICE Actimize’s X-Sight Marketplace, an ecosystem designed to assist in financial crime management.

The X-sight Marketplace is an extension of NICE Actimize’s X-Sight platform-as-a-service, a single, and unified system helping financial services innovate and implement new tools for financial crime, risk, and compliance management.

Through its X-Sight Marketplace, financial services can better evaluate new RegTech solutions to support their growth.

Jumio provides businesses with identity verification and biometric authentication services to help meet KYC and AML compliance requirements. Through the partnership, clients of NICE Actimize will be able to access these tools to improve onboarding processes and better detect threats by assessing behavioural activities for money laundering or fraud.

Companies wishing to partner with the X-Sight Marketplace are selected based on their ability to complement financial crime and compliance solutions. When approved, software and service providers are made available to the NICE Actimize community through the marketplace, empowering users to quickly find solutions they require.

Jumio head of worldwide partnerships Stephen Kearney said, “Jumio is excited to develop this partnership with NICE Actimize as we bring our unique innovation and business value to financial services organizations looking to apply advanced AI and biometrics to bolster their financial crime operations.

“There is strong synergy and alignment between the industry-leading financial crime solutions and platforms that NICE Actimize offers its community. With the increased emphasis on digital identity and KYC, this is a perfect opportunity to help the community maintain compliance. We look forward to building our presence within this innovative community platform.”

NICE Actimize is set to reveal additional partners in the coming months. New services to be supplied by future partners include ultimate beneficial ownership, value-added data & adverse media, watchlist, device identification, and user authentication & fraud.

All credits to the source below:

http://member.regtechanalyst.com/jumio-joins-nice-actimizes-x-sight-marketplace-to-assist-companies-with-aml/

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