Hodlnaut Selects Jumio as its Trusted Partner for New Customer KYC and Onboarding

Blockchain
April 20, 2021
Fast, accurate, seamless verification process with Jumio’s KYC integration

Singapore, Apr 08, 2021 – Hodlnaut, a crypto borrowing and lending platform based in Singapore announced today a new partnership with Jumio, the leading provider of end-to-end AI-powered identity verification and eKYC solutions, to improve its Know-Your-Customer (KYC) and onboarding process. This partnership is set in light of Hodlnaut’s continual efforts to ensure its compliance with regulatory requirements in Singapore, set by the Monetary Authority of Singapore.

The partnership will allow Hodlnaut’s customers to quickly and easily complete ID and identity verification.

During the onboarding process, new Hodlnaut customers take a picture of their government-issued ID (e.g., driver’s license, passport) and a corroborating selfie. Jumio determines if the ID document is authentic and that the person pictured in the selfie matches the picture on the ID, providing an accurate verification decision in a matter of seconds and ensuring a customer-friendly experience.

“Having selected Jumio as our eKYC provider, we believe that this will elevate the user’s experience on our platform. We are confident that Jumio’s solution will support our compliance needs especially pertaining to meeting the regulatory requirements set by MAS,” said Juntao, CEO and Co-Founder of Hodlnaut.

“We are excited to partner with Hodlnaut to help them provide a seamless digital onboarding experience while meeting strict compliance mandates and deterring fraud,” said Robert Prigge, Jumio CEO.

About Hodlnaut

Hodlnaut is a platform that provides financial services for individual investors where they earn interest on their cryptocurrencies by lending it to institutions. Founded in April 2019 by self-proclaimed bitcoin maximalists Juntao Zhu and Simon Lee, the company has a mission to help HODLers get the most out of their crypto assets. Hodlnaut offers up to 8.3% APY to individual investors with a Hodlnaut Interest Account that supports BTC, ETH, DAI, USDC, and USDT.

Hodlnaut is a certified Fintech by the Singapore Fintech Association, an accreditation recognized by the MAS (Monetary Authority of Singapore). Hodlnaut is also currently undergoing license application under the Payment Services Act 2019 (by the MAS) and is looking to become the first regulated entity in Singapore within the Crypto Borrowing and Lending Space.

About Jumio

When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through unified, end-to-end identity verification and eKYC platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.

Leveraging advanced technology including AI, biometrics, machine learning, liveness detection, and automation, Jumio helps organizations fight fraud and financial crime, onboard good customers faster, and meet regulatory compliance including KYC, AML, and GDPR. Jumio has verified more than 300 million identities issued by over 200 countries and territories from the real-time web and mobile transactions.

Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel, and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe, and the Asia Pacific and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners, and Millennium Technology Value Partners.

For more information, please visit www.jumio.com.

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