eKYC Firm Jumio Records Its Highest Sales Quarter Everby Fintech News Singapore July 28, 2022
Jumio, a provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, announced the highest sales of any quarter in the company’s history.
The firm said that this was fueled by an “ongoing need for modern enterprises across all industries and geographies to know and trust their online users, from onboarding to ongoing monitoring”.
This is in line with Jumio’s global research, which found that 80% of consumers prefer identity verification measures when choosing online brands.
Additionally, financial services (75%) and healthcare (57%) are the most important industries for online identity verification when opening a new account.
The Jumio KYX Platform enables organisations to establish the identity and risk of new users, authenticate and monitor existing users, and detect suspicious transactions to meet increasingly complex compliance mandates.
Jumio had also made several key executive hires in the past few months. Susan Walker joined the company as Chief Financial Officer in May while FICO’s former EVP and Chief Product and Technology Officer, Stuart Wells was appointed as CTO in April.
The firm had unveiled its new Innovation Lab in San Diego in April, focusing on research and development for the broader technology landscape and enabling Jumio to facilitate innovation on a larger, long-term scale.
“As customer choice and satisfaction increasingly relies on an organisation’s ability to protect the customer’s identity and data, leading enterprises are entrusting Jumio with the protection of their digital ecosystems more than ever.
Our relentless focus on innovation enables our customers and partners to deliver an intuitive and cutting-edge online experience to their end users.”
said Robert Prigge, CEO of Jumio.