Jumio's Bala Kumar on KYC and Using a Holistic Approach for ID Verification

At Money 20/20 Vegas, we spoke to Bala Kumar, the Chief Product Officer at identity verification and eKYC platform, Jumio, about the biggest challenges in ID verification and why KYC is so critical for modern payments. There are so many data points that make up a digital identity, whether it be an email address or a home address. For Kumar, KYC involves a web of connected components that make up a holistic portfolio specific to each banking customer and their transactions.