Jumio, a provider of AI-powered identity intelligence anchored in biometric authentication, automation, and data-driven insights, announced its successful completion of the Independent eKYC Breakthrough Assessment mandated by Bank Negara Malaysia (BNM), achieving a 100% pass rate with zero findings.

Bank Negara Malaysia (BNM) requires eKYC vendors to meet stringent standards across three pillars: ID Verification, which identifies fake or manipulated Malaysian National IDs (MyKad); Facial Recognition, which matches user selfies against ID photos; and Liveness Detection, which ensures the user is a real person and prevents spoofing or deepfake attempts. Jumio collaborated with LGMS, a Malaysian cybersecurity and assessment firm, for the independent audit. The final report confirmed Jumio’s eKYC solution passed 100% of these criteria with zero findings.

Jumio has been active in the Asia Pacific region since 2018, assisting organizations in complying with identity verification and regulatory standards. This latest assessment underscores Jumio’s experience in supporting regulated banks and FinTechs globally and throughout the Asia Pacific. The company’s platform leverages powerful automated technology including biometric screening, AI/machine learning, and liveness detection.

Ee Khoon Oon, Jumio VP and managing director, APAC, stated, “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.” Oon added that banks and FinTechs in Malaysia who adopt Jumio’s eKYC solution can expect faster customer onboarding, compliance with or exceeding AML expectations, and confident operation within Malaysia’s evolving digital ID framework. Jumio’s services help organizations to fight fraud and financial crime, onboard customers faster, and meet regulatory compliance including KYC and AML.