Jumio announces another record quarter, fueled by government and health initiatives

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PALO ALTO, Calif .– (COMMERCIAL THREAD) – Jumio, the leading provider of AI-powered end-to-end identity verification solutions, eKYC and AML, today announced another record quarter, with over 130% growth in new business in the third quarter of 2021 compared to the third quarter of 2020. This growth spans the globe and multiple industries, including healthcare and government, and reflects the innovation of Jumio’s AI-based solutions portfolio.

Jumio also celebrated the first anniversary of its acquisition of the AML platform from Beam Solutions by marking another record quarter for its end-to-end AML compliance solutions, which help organizations that move money to know their customers. , detect suspicious activity, manage investigations and submit cases – all in the cloud.

The third quarter was also a record quarter for Jumio’s distribution program, which continues to welcome partners who create breakthrough solutions that address customer issues including fraud detection, streamlined integration and AML compliance. and KYC.

Jumio’s third-quarter sales also hit a record high.

“Whether you create an account for social media, healthcare or a bank, identity is the keystone, and as the digital identity space evolves, Jumio continues to expand. and innovate to support accelerated digital transformation and the growth of online transactions in all geographies and industries. Said Robert Prigge, CEO of Jumio.

Other notable highlights of the third quarter include:

  • Card extension: In September, Jumio appointed Jennifer N. Harris to the company’s board of directors. Harris has spent more than three decades in senior finance and accounting positions at fast-growing, high-tech companies.
  • Industry recognition: Also in September, Jumio was named to the AIFintech100 2021 list, showcasing the world’s most innovative solution providers using AI to solve challenges and improve efficiency in the financial services industry.
  • Hiring of key executives: Anna Convery joined Jumio as Marketing Director. Convery has over 30 years of experience in enterprise technology, helping Fortune 500 companies drive revenue growth and market presence.

To learn more about Jumio and its award-winning AI-powered solutions, visit jumio.com.

About Jumio

When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting business ecosystems through unified end-to-end identity verification and an eKYC platform. The Jumio KYX platform offers a range of identity verification and anti-money laundering services to accurately establish, maintain and reaffirm trust, from account opening to ongoing transaction monitoring.

Leveraging cutting-edge technologies such as AI, biometrics, machine learning, alertness detection and automation, Jumio helps organizations tackle fraud and financial crime, integrate faster the right customers and comply with regulations including KYC, AML and GDPR. Jumio has performed over 400 million verifications in over 200 countries and territories using real-time web and mobile transactions.

Based in Palo Alto, Jumio operates worldwide with offices in North America, Latin America, Europe and Asia-Pacific and has received numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.

For more information, please visit jumio.com.

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