Case Study: Bofin achieves instant, compliant global account onboarding with Jumio Identity Verification

Bofin is Breaking Global Banking Barriers with Centralised Marketplace for Financial Institutions

Bofin is the world’s first marketplace for financial products and services, letting customers open bank accounts, move money instantly and manage multi-country finances from a single app. To deliver this global vision it needed a single sign-on onboarding and authentication flow that was fast and user-friendly yet met strict KYC/AML and legacy banking requirements — with global coverage, high verification success, bank-grade security and minimal manual review (other vendors produced up to 70% error rates in testing).

After evaluating more than a dozen vendors, Bofin chose Jumio’s AI- and biometrics-based identity verification and authentication. Jumio’s mobile SDK verifies government IDs and selfies with liveness detection in seconds, creates biometric templates for future authentication, and blocks fraud for transactions. The integration dramatically reduced abandoned sign-ups and manual reviews, improved verification accuracy and scalability across 3,500+ ID subtypes and 200+ countries, and enabled Bofin to offer secure, global access to banking services.

Bofin

Mohamed Dafea

Founder and Chairman