Jumio’s biometric-based technology is integrated into LendInvest’s digital application system, which means that customers are able to confirm their identity online.
Using a smartphone, applications can simply upload a photo of their ID document and take a selfie. A residency check is also included to further speed up the process, thus saving time and effort for customers and brokers as well.
Arman Tahmessabi, Chief Operating Officer at LendInvest, said: “We’re very excited to announce this partnership with Jumio as we seek to consistently streamline our application processes.
“The last year has highlighted even more clearly how paper-based processes are no longer fit for purpose, and a digitisation of the mortgage process is the most efficient move for our brokers and borrowers.”
Dean Hickman-Smith, Chief Revenue Officer at Jumio, added: “We are delighted to be working with LendInvest to help them confidently onboard new users remotely and to reduce friction from the mortgage application process while meeting onerous KYC requirements.”
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