First formed as an identity verification solution, the company ended up expanding into AML. In recent years, the company has deployed a number of IDV tools, such as its Liveness Detection system, and Optical Character Recognition (OCR), used for reading text on uploaded pictures of ID documents.
|Disclaimer: Everything you’ll read in this article was gleaned from online research, including user reviews. We did not have time to manually test every tool. This article was last updated in Q3 2023. Please feel free to contact us to request an update/correction.|
Jumio Key Features
- The company’s core product is a complete end-to-end solution, the KYX Platform, which brings together the many individual modules they offer.
- Jumio specializes in identity verification and offers businesses access to biometric facial recognition and liveness detection for authentication as well as “live verification experts” that compare the user’s selfie with the identification provided. They also are able to analyze the authenticity of ID documents.
- Phone and email verification modules are present as well as a device fingerprinting module to uncover potential fraudsters.
- They offer pre-set rules for AML monitoring that screen new users against global watchlists and PEP data.
- Jumio offers a comprehensive eKYC platform that includes biometric authentication as well as other common identity verification and fraud prevention solutions.
- They work with a range of partners that are able to integrate Jumio’s tech with ease including OneSpan, TruNarrative, and ForgeRock.
- An intuitive no-code orchestration that’s able to be connected with any existing risk system.
- Offering such a large suite of solutions for identity verification and fraud detection will certainly increase costs, which might be too much for smaller businesses.
- Potential for customer churn if the biometric authentication causes issues for the person validating themselves.
- Limited data enrichment capabilities with no access to live data, which in turn can create issues due to some data becoming stale.
SEON’s advanced APIs and device fingerprinting provide fast, scalable fraud prevention solutions, no matter the size or ambition of your organization.
SEON vs Jumio Features Comparison Table
|Email data enrichment||Yes||No|
|Phone data enrichment||Yes||No|
|Find user social media||Yes, 90+ platforms||No|
|BIN for transaction||Yes||No|
|Machine learning suggestions||Yes||Yes|
|Industry preset rules||Yes||Yes|
|Custom API fields||Yes||Yes|
|Integration with other tools||Yes||Yes|
|Cost per month||Free plan available, with paid plans starting at $599 per month. For Premium Support, speak with an expert for a bespoke solution.||N/A.|
Where SEON Wins Over Jumio
- SEON offers access to live data by analyzing more than 90 online networks in real-time, to help you create more in-depth user profiles. With this solution, you can view profile aspects such as avatar, bio, and post history.
- This is also available as a Google Chrome extension for instant access.
- Completely transparent pricing, with the flexibility to work around tools your business is currently working with and/or tools it requires.
- All of SEON’s solutions are frictionless, with checks conducted without the need to involve the user – and they can be deployed without 2FA.
- Flexible rulesets to work around your business demands.
SEON vs Jumio Conclusion
- You’re looking for a much more affordable solution that offers flexible rules and whitebox machine learning, and enables you to minimize risk while maximizing profit.
- You’re an organization dealing with tough compliance regulations and/or need additional biometric verification.
See our real-time fraud prevention solution in action, boasting unique digital footprinting, granular reporting, custom risk rules and machine learning.
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