Plynk partners with Jumio on money messaging
30 August 2017 13:32 GMT

Biometrics-enabled digital ID firm Jumio has announced an agreement with Plynk, a money messaging app.

In a statement, Jumio said its biometric Netverify solution will help Plynk verify frequent customers who are instantly loading money from their debit and credit cards to their Plynk payment account.

The verification takes less than a minute and does not require users to leave the app. 

It noted that a streamlined verification process is important for convenience-focused, mobile-only financial products such as Plynk, which must comply with Anti-Money Laundering (AML) legislation and Know Your Customer (KYC) requirements but, unlike brick and mortar licence-holders, cannot physically check customer identities in-person.

Robert Prigge, CRO, Jumio, said: ‘’As the market’s most reliable digital identity platform, with over 60 million identities verified at the highest accuracy rate, Jumio is delighted to partner with Plynk. Netverify is perfectly suited to the unique challenges of meeting KYC/AML compliance for digital-only organisations, and this partnership further consolidates our established credentials for trusted verification and a great user experience in the financial services industry.’’

Charles Dowd, CEO and Co-Founder, Plynk, said: ‘’In today’s fast-moving digital world, Plynk is leading the way in making the money transfer process as easy as sending a text or a photograph to friends. The speed, innovation and security of Jumio’s Netverify aligns perfectly with Plynk’s key values of being fast and fun. This, combined with Jumio’s excellent track record in helping highly reputable companies meet tight KYC and AML regulations, made Jumio a natural partner for us, and we look forward to working and growing together.’’

Netverify’s ability to process identity documents from over 200 countries will also help to promote scalable growth for Plynk as the app expands into the Spanish and Portuguese markets. Since launching in January 2017, Plynk has grown rapidly across Android and iOS within the Irish market, with plans to eventually become Europe’s dominant money messenger.