Boku Inc Identity Partnership with Global Data Consortium
13 January 2021
13 January 2021
("Boku" or the "Company" and, together with its subsidiaries,
Boku partners with Global Data Consortium to bring mobile
network data to Compliant Customer Onboarding
Boku, a leading global provider of mobile payment and identity
solutions, is pleased to announce a new partnership with Global
Data Consortium Inc ("GDC"), a leader in electronic identity
verification to streamline Anti-Money Laundering ("AML") and Know
Your Customer ("KYC") compliant customer onboarding.
The agreement integrates Boku's mobile identity matching product
into the GDC platform to verify consumers' name, address, date of
birth and mobile phone number as part of KYC onboarding. Boku's
mobile network data is a unique addition that will fortify the
electronic identity verification process at the time of account
This enhanced product enables businesses to ensure new customer
accounts are created in compliance with AML regulations and other
compliance use cases without requiring the use of more expensive or
cumbersome processes. Businesses can now feel confident that in
addition to meeting compliance requirements, fraudsters will face
more roadblocks than ever before.
William Spruill, CEO of Global Data Consortium, commented: " GDC
prides itself on its depth, breadth, and variety of data sources
all over the world. By harnessing the power of Boku's global
partnerships and mobile data in combination with our consortium, we
can raise the bar for what is considered a state of the art,
intuitive KYC solution."
Stuart Neal, Chief Business Officer for Identity, Boku,
commented : "We are delighted to partner with GDC to provide mobile
identity products to their global customer base. In partnership
with GDC, we'll be bringing simpler compliance to businesses along
with greater security and better user experience to even more
consumers, positively impacting digital transactions."
Jon Prideaux, Chief Executive Officer +44 (0)20 3934
Keith Butcher, Chief Financial Officer 6630
IFC Advisory Limited (Financial PR & IR) +44 (0)20 3934
Tim Metcalfe / Graham Herring / Florence Chandler 6630
Notes to Editors
Boku Inc. (AIM: BOKU) is a leading global provider of mobile
payment and identity solutions. Boku technology is integrated into
over 220 mobile wallets and network operators worldwide powering
mobile user authentication and mobile payments. Boku processes over
800 million transactions worth more than $7 billion annually in
nearly 70 countries. Global leaders that rely on Boku to acquire,
monetise, and protect digital consumer transactions include Apple,
Discover, Experian, Facebook, FIS, Fiserv, Google, Microsoft,
Netflix, Paypal, Sony, Spotify and Western Union.
Boku Inc. was incorporated in 2008 and is headquartered in
London, UK, with offices in various locations globally including in
the US, Estonia, Mumbai, Munich, Beijing, Paris, Sao Paulo,
Singapore, Taipei, and Tokyo.
To learn more about Boku Inc., please visit:
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(END) Dow Jones Newswires
January 13, 2021 02:00 ET (07:00 GMT)