Jumio Reports Record Quarter with 150% Growth Fueled by Financial, Mobile and Social Services | Business
PALO ALTO, Calif .– (BUSINESS WIRE) – July 20, 2021–
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced that sales and revenue grew by more than 150% in the second quarter of 2021 compared to in the second quarter of 2020, fueled by a continuing need for modern businesses to know and trust that their online users are who they say they are. This is evidenced by the strong growth seen in financial services, mobile delivery services and social platforms checking out everyone from customers and employees to influencers.
With Jumio’s acquisition of the AML platform from Beam Solutions, the company also set all-time record sales for its end-to-end AML compliance solutions. Jumio processes more than 20 million AML transactions each month to help organizations that transfer money know their customers, detect suspicious activity, manage investigations, and submit regulatory reports, all in the cloud.
“With nearly all business now prioritized remotely, it’s more important than ever to build trust online,” said Robert Prigge, CEO of Jumio. “A comprehensive AI-powered verification platform is essential to adapt to the explosive growth of our customers and help them build and maintain trust online. “
Other notable achievements of the second quarter include:
- Award-winning liveliness detection:In April, Jumio added iProov’s award-winning activity detection to its KYX platform, ensuring that the online user is genuine, physically present and not a sophisticated cyberattack using deepfakes or other synthetic media.
- Global chain dynamics: Jumio added and expanded a number of key partnerships in the second quarter, including Microsoft, Copper River IT, National Crime Check in Australia, and Veridium. Jumio has also signed a new distribution relationship with Ingram Micro and its Emerging Business Group (EGB).
- Industry recognition: Jumio was named a Gold winner at the 2021 IT World Awards. Jumio was recognized for its KYX platform, validating the company’s efforts to provide a secure and comprehensive solution that helps businesses confirm user identities , prevent fraud and securely onboard customers.
To learn more about Jumio and its award-winning AI-powered identity solutions, visit jumio.com.
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 meet regulatory compliance 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 www.jumio.com.
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PUB: 07/20/2021 8:00 a.m. / DISC: 07/20/2021 8:01 a.m.
Copyright Business Wire 2021.