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Why offline identity verification is integral to the online fintech industry

Steve Stuut

The relationship between the online and offline world grows ever more complex as identity management via regulations tightens its grip on the fintech marketplace.

Are you who you say you are online? Businesses need to verify the real-world identity of their online customers to increase user conversions, reduce fraud and comply with Know Your Customer (KYC) and AML regulations. Steve Stuut, president and chief executive officer at Jumio, explains how the financial industry is enjoying a golden period of identity verification.

This interview was made in partnership with Money 2020.