SINGAPORE, March 25 –Jumio, the leading provider of AI-powered identity intelligence anchored in biometric authentication, automation, and data-driven insights, today announced that it has successfully completed the Independent eKYC Breakthrough Assessment required by Bank Negara Malaysia (BNM) with zero findings.
BNM has stringent requirements for eKYC vendors across three core pillars:
- ID Verification: Identifying fake and manipulated instances of the MyKad (Malaysian National ID).
- Facial Recognition: Matching user selfies against ID photos.
- Liveness Detection: Ensuring the user is a real person and preventing spoofing/deepfake attempts.
Jumio worked with independent auditor LGMS, a leading cybersecurity and assessment firm in Malaysia with extensive experience conducting the BNM assessment. The final report declares Jumio’s eKYC solution passed 100% of the criteria with zero findings.
Since establishing a presence in Asia Pacific in 2018, Jumio has helped organisations across the region meet stringent identity verification and compliance standards. This latest achievement reflects Jumio’s experience supporting regulated banks and fintechs throughout Asia Pacific and globally.
“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,” said Ee Khoon Oon, Jumio VP and managing director, APAC. “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.”
