P2P lender Landbay implements Jumio authentication service for AML compliance
04 March 2015 | 3854 views | 0
Jumio, Inc., today announced that P2P lending specialist Landbay has implemented Jumio’s Netverify® to authenticate lenders’ identities, to comply with anti-money-laundering regulations and improve their clients’ user experience.
The multi-year deal will see Jumio’s ID verification technology become part of Landbay’s Know Your Customer compliance process. UK-based Landbay specialises in providing mortgages for buy-to-let lenders via its P2P platform. This provides the opportunity for investors to lend directly to a diverse portfolio of borrowers with buy-to-let mortgages and allows eligible mortgage applicants the chance to access competitive rates of borrowing.
David Pope, Director of Marketing EMEA at Jumio. “Compliance with KYC regulations designed to prevent financial crime, balanced with a simple and quick customer-friendly experience has never been more important. Today, people want to be able to do everything via their mobile devices, especially financial services. With new cutting-edge financial institutions, such as Landbay, the benefits of mobile technology are being seen by consumers and businesses alike”.