Intelligent CIO Middle East Issue 45 | Page 61

CASE STUDY leading-edge identity verification services that vet the digital identities of new customers – quickly, securely and compliantly.” Intelligent CIO spoke to Yousif Almas, Group Chief Innovation Officer, Bank ABC, and Robert Prigge, President, Jumio, about the benefits of the solution. What is the benefit of eliminating the need for customers to visit branch offices to set up new banking accounts? Yousif Almas: Typically, it takes a visit to a branch to open an account, or recently with some banks, a video call. At Bank ABC, when it comes to implementing technologies, we are of the firm belief that we have to think from the user’s perspective and understand what they need first. This traditional process simply doesn’t fit in with the lives of our vision on how to serve our customers, whereby ease and simplicity are key. JUMIO’S TECHNOLOGY HELPS TO REDUCE FRAUD AND WE’RE WORKING WITH THE TEAM TO ENSURE THAT WE’RE COMPLIANT WITH ALL OF THE VARIOUS REGULATIONS IN THE REGION AS WE SCALE ACROSS GEOGRAPHIES. This means we can ensure that the user is who they claim to be and physically present during the process. What’s more, Jumio’s technology helps to reduce fraud and we’re working with the team to ensure that we’re compliant with all of the various regulations in the region as we scale across geographies. Therefore, by deploying Jumio’s technology, we can dramatically speed up the process and put our customers in control, and with a high mobile penetration in the Middle East, the process of taking a selfie is something that consumers are already familiar with. Importantly, it takes just seconds, which is a vast improvement on the time that it takes to visit a branch and open an account. Our integration of Jumio’s Identity Verification enables us to verify online customers by having them first capture a picture of their government-issued ID with a smartphone, then take a selfie with certified liveness detection functionality. www.intelligentcio.com Jumio has pioneered real-time, biometric- based liveness detection to better thwart these growing spoofing attempts. Our certified liveness detection functionality ensures that the individual behind an online verification is physically present during the account setup process or when they log into their online account. The process starts by having the user capturing a picture of their government-issued ID (e.g. driver’s licence, passport or ID card) – front and back – and then having the user take a selfie with their smartphone or webcam. It’s during the selfie-taking process that Jumio checks for liveness. Jumio analyses the pictures of the ID document to ensure that it’s authentic and unaltered. How has the bank been able to leverage face- based biometrics to streamline the KYC and identity-proofing processes? Yousif Almas: Jumio has provided us with a reliable technology that aligns with our digital-only strategy, allowing us to become the first bank in the Middle East to leverage face-based biometrics and Machine Learning to streamline the KYC and identity-proofing processes. lifelike artefacts including photos, video playback, masks and voice recording as a means of tricking the biometric systems into creating new online accounts by falsely accepting an artefact in lieu of a real person. Rob ert P t rigge, Ju mio Presiden Can you explain what certified ‘liveness detection functionality’ is and what the benefits of it are? Robert Prigge: As biometric-based verification has grown in popularity, the incentives for fraudsters to penetrate the systems have grown as well. These cybercriminals try to spoof a system by using If the ID is authentic, then Jumio compares the picture on the ID to the selfie. Based on these checks, Jumio delivers a definitive yes/no decision to the business so they can then more confidently onboard and authenticate users. While this process is simple and intuitive for legitimate users, Jumio’s liveness detection functionality has a chilling effect on fraudsters, since most of them prefer not to have their likeness captured by the company they’re attempting to defraud. INTELLIGENTCIO 61