Tag "Jumio"
eKYC Firm Jumio Posts Record Quarter With 150% Growth in the Past Year
Jumio, a provider of AI-powered end-to-end identity verification and eKYC solutions, announced that both its sales and revenue grew over 150% in Q2 2021 from Q2 2020. This is evidenced by the large growth seen in financial services, mobile delivery
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Online Identity Verification Company Jumio Records Drop in New Account Fraud
Jumio, a leading provider of AI-powered end-to-end identity verification and eKYC solutions, said fraud rates for new account openings decreased in 2020, a trend that could be explained by rising adoption of verification methods like selfie and live capture requirements.
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eKYC Firm Jumio Secures $150 Million From Great Hill Partners
Jumio, a provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies. This infusion represents the single largest funding
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eKYC Solution Provider Jumio Announces Record New Account Growth
Jumio, a renowned provider of AI-powered end-to-end identity verification and authentication solutions, today announced the biggest quarter for customer growth in the company’s history. Jumio says its growth was spurred by financial services and healthcare organizations which were forced to
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Why Fraud Detection is Imperative to Asia’s Digital Banking Revolution
In recent years, we have witnessed accelerated growth in Asia’s digital banking sector. More fintechs and newly licensed virtual banks are coming to market to address the unbanked segment, while traditional banks are transforming to manage costs and achieve operational
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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio
Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach
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CIMB Picks Jumio’s Digital Onboarding Solution for its Digital-Only Bank in Philippines
CIMB’s digital-only banking arm in the Philippines and Jumio announced today the bank has picked the end-to-end identity verification provider to power its digital onboarding. According to their press statement, CIMB Bank PH’s mobile app integrates Jumio’s AI-driven identity verification
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Facial Recognition Authentication: Is It Good Enough to Fight Financial Fraud?
More than 2800 branches were closed in the UK between 2015 and the end of 2018, and a similar trajectory can be seen across the globe. This trend is driving traditional banks to switch to expand their businesses digital channels,
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