UK-based challenger bank Lanistar has partnered with Jumio to streamline the customer onboarding process using the latter’s identity verification solutions.

Jumio’s artificial intelligence (AI)-powered solution will help Lanistar onboard new customers, fight online fraud and stay compliant.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Jumio CEO Robert Prigge said: “Lanistar is precisely the type of disruptive fintech we enjoy partnering with.

“We’re happy to provide the leading-edge identity verification services that will quickly and securely vet the digital identities of new Lanistar customers.”

Lanistar has integrated the ‘Jumio ID Verification’ and ‘Jumio Identity Verification’ solutions to verify its online customers.

This allows customers to capture a picture of their government-issued ID with their smartphone and then verify it by capturing a selfie with liveness detection functionality.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In doing so, Lanistar will be able to verify its customers and check whether they are physically present during the transaction.

Lanistar will also leverage Jumio’s Document Verification solution for verifying customer information via identity documents during the onboarding process.

Founded in 2019, the London-based challenger bank hopes to become a £1bn fintech company and transform the way its customers manage their finances.

Lanistar CEO and founder Gurhan Kiziloz said: “We’re excited to work with Jumio as we know they truly believe in our product and that they only want to work with the best companies.

“Since we began talks of a partnership, they’ve been accommodating to our needs, ensuring they understood our requirements and could cater to them.”

Lanistar is currently preparing to launch a new polymorphic debit card later this year to help customers streamline their finances via open banking.