Jumio recorded zero exceptions in Bank Negara Malaysia’s independent eKYC assessment, which tests vendors on ID verification, facial recognition and liveness detection.
The assessment focuses on identifying fake or manipulated MyKad documents, matching user selfies against ID photos, and confirming that the user is a real person to prevent spoofing or deepfake attempts.
Jumio worked with Malaysian cybersecurity and assessment firm LGMS for the independent review.
According to the final report, its eKYC solution met all required criteria with no findings.
Jumio said the result reflects its work in Asia Pacific, where it has operated since 2018, supporting banks and fintech firms on identity verification and compliance requirements.
Ee Khoon Oon, Vice President and Managing Director for APAC at Jumio, said,
“Passing the BNM independent assessment with zero findings is a major milestone and a strong validation of our identity verification, facial recognition, and liveness capabilities.
Banks and fintechs in Malaysia who choose Jumio as their eKYC solution can onboard customers faster, meet or exceed AML expectations, and operate confidently under Malaysia’s evolving digital ID framework.”
Featured image: Edited by Fintech News Malaysia, based on image by user17364411 via Freepik
