Jumio, the leading AI-powered
trusted identity as a service provider, today announced that revenue
grew by 60 percent year-over-year in the first quarter of 2019. Jumio
also celebrated a successful start to 2019 in the form of new product
launches, an expanded global footprint and multiple key award wins.
Jumio launched two new products in Q1 to further fortify its
industry-leading suite of identity verification, authentication and
compliance solutions.
Jumio
Authentication is the first video-selfie authentication solution in
the market to combine facial biometrics for initial identity proofing
and ongoing user authentication. The solution enables companies to use
the same biometric (a 3D face map) to corroborate the identities of new
online customers and the identities of existing users. This secure and
rapid authentication method is ideal for account logins and high-risk
scenarios including wire transfer attempts and password resets in order
to overcome the shortcomings and security vulnerabilities of traditional
authentication methods (e.g., knowledge-based authentication and
SMS-based two-factor authentication).
Jumio
Screening is a fully automated anti-money laundering (AML) screening
solution that integrates ComplyAdvantage, a dynamic real-time database
of people and companies that pose financial crime risk. Jumio Screening
helps businesses make the right AML decisions with comprehensive global
coverage of sanctions, watchlists, PEPs and adverse media.
“We’re off to a great start in 2019 with the addition of Jumio
Authentication and Jumio Screening, which strengthen our product
portfolio of AI-powered solutions to defend against account takeovers
and sophisticated money laundering schemes,” said Robert Prigge, Jumio
president. “These new products are a testament to our continued drive
for cutting-edge innovation to help defend against these emerging
threats.”
The first quarter of 2019 was also notable for the following
achievements:
-
Fast Company Most Innovative Companies: Jumio was named to Fast
Company’s prestigious annual list of the World’s
Most Innovative Companies for 2019 and was honored both as the 29th-ranked
company globally and the second-ranked company in the Security
category. -
Technology and Workplace Culture Recognition: QI 2019 saw a
number of awards. On the product and technology front, Jumio was named
a winner of Business
Intelligence Group’s 2019 Artificial Intelligence Excellence Awards,
received four awards in the 2019
Cybersecurity Excellence Awards, along with Best
Product in Biometrics, Best Product Fraud Prevention and Market Leader
in Compliance by the InfoSec Awards. Jumio also received two
awards for workplace culture and was named a Best
Place to Work by Business Intelligence Group and one of the Best
Places to Work in FinTech by SourceMedia. -
Latin America Expansion: Jumio grew its global footprint
by establishing a new
sales office in Brazil and appointing Samer Atassi as regional
director. Jumio is building on its longstanding commitment to serve
fintechs, financial service organizations and sharing economy
companies of all sizes by establishing a Latam regional sales center
to strategically serve those sectors.
To learn more about Jumio and its award-winning end-to-end identity
verification and authentication solutions, visit jumio.com.
About Jumio
When identity matters, trust Jumio. Jumio’s mission is to make the
internet a safer place by protecting the ecosystems of businesses
through cutting-edge online identity verification and authentication
services that quickly and accurately connect a person’s online and
real-world identities. Jumio’s end-to-end identity verification
solutions fight fraud, maintain compliance and onboard good customers
faster.
Leveraging advanced technology including augmented intelligence, AI,
biometrics, machine learning, certified 3D liveness detection and human
review, Jumio helps organizations meet regulatory compliance including
KYC, AML and GDPR and definitively establish the digital identity of
their customers. Jumio has verified more than 170 million identities
issued by over 200 countries and territories from real-time web and
mobile transactions. Jumio’s solutions are used by leading companies in
the financial services, sharing economy, digital currency, retail,
travel and online gaming sectors. Based in Palo Alto, Jumio operates
globally with offices in North America, Latin America, Europe and Asia
Pacific and has been the recipient of numerous awards for innovation.
For more information, please visit www.jumio.com.
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