SOURCE: Jumio

Jumio

May 15, 2013 08:03 ET

Yobetit Goes Live With Jumio to Deliver ID Document Validation Services for a Friction-Free Player Experience

LONDON & VALLETTA, MALTA--(Marketwired - May 15, 2013) - Jumio, the next generation credentials management company offering ID document validation services has gone live inside Yobetit's player account creation process. 

The Yobetit Trading Platform, the industry's first sports arbitrage bookmaker uses cutting-edge technology practices and superior market analysis tools to match the speed of execution found within the Forex market.

Jumio's ID document verification service called Netverify is integrated into the Yobetit site so that Yobetit's customers simply have to hold up their ID document to their webcam to be instantly verified for both customer identity and customer age. 

Netverify uses computer vision technology to scan and validate passports, ID cards and driving licences from over 60 countries. 

"Yobetit's sports arbitrage trading is a real game changer thanks to our innovative technology, speed of execution and unparalleled security" said Knut Emlén CEO at Yobetit. "We are delivering a unique experience to our clients and we want a secure, frictionless customer verification process. Jumio's innovative approach to customer identity verification complements Yobetit's position in the market."

Michael Orlando, Chief Sales Officer at Jumio said "More and more sites are integrating Jumio and we're finding that it's not just due to regulatory requirements, but that gaming operators are enjoying the ease with which their customers can be taken through a frictionless KYC process."

Alan Alden, General Secretary at the Malta Remote Gaming Council, "It's encouraging for the industry to see that Maltese operators such as Yobetit who offer sports betting under a Maltese License and Jumio as ID verification providers are not only making life easier for gaming operators and for their customers but are also facilitating compliance with strict regulations." 

About Jumio

Utilizing advanced computer vision technology. Jumio is a next generation credentials management company offering mobile & online payment and ID validation products designed to meet KYC requirements, reduce fraud and increase revenue by minimizing friction in customer transactions. Jumio's products are widely used by > leading retailers, marketplaces and financial institutions.

> Jumio's Netswipe® enables merchants to easily integrate credit card scanning and validation into their mobile apps and websites. This results in increased revenue, reduced fraud and a superior customer experience than offered in traditional checkout pages.

> Netverify™ is available for websites or mobile apps and supports real-time ID scanning and verification of passports, driver licenses and other documents to enable clients to meet a variety of know-your-customer requirements.

The company was founded in 2010 by CEO Daniel Mattes and is backed by top tier investors including Andreessen Horowitz, Citi Ventures and Facebook Co-Founder, Eduardo Saverin. Headquartered in Palo Alto, California Jumio operates globally with offices in the US and Europe.

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