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Tech firms Jumio, ComplyAdvantage team up to help banks ID crooks

Mar 25, 2019 - American Banker

Jumio, a provider of identity verification software that uses artificial intelligence, has partnered with ComplyAdvantage to make database checks part of the process of bringing new customers on board through websites or mobile apps. This could help protect a bank from accepting a terrorist or money launderer as a customer. The new joint product is called JumioScreening.

It is the latest new technology designed to help banks avoid the fines and reputation risks of allowing money laundering...