Following up on our post about our next-generation KYX Platform, we are thrilled to announce today that we have signed an agreement to accelerate our business and technology vision by acquiring current strategic partner 4Stop, the leading data marketplace and orchestration hub for KYB, KYC, compliance and fraud prevention.
The addition of 4Stop’s data sources to the Jumio KYX Platform realizes Jumio’s strategic vision of redefining the end-to-end identity industry. This acquisition will allow us to combine Jumio’s award-winning identity verification, eKYC and AML solutions with 4Stop’s offerings through a single API layer. Together, we will provide the world’s most powerful and scalable global solution for onboarding and ongoing monitoring.
“Today’s pace and sophistication of cybercrime means organizations cannot afford to rely on multiple vendors for their identity verification and fraud prevention needs,” said Jumio CEO Robert Prigge. “There’s no way around it: a successful identity company must now have KYC, AML, KYB and orchestration. Together, 4Stop and Jumio’s solutions will offer this and more, delivering a complete, end-to-end approach to identity orchestration and fraud prevention. Not only will customers be able to rely on a single system for all of their identity and fraud prevention needs, they’ll also have an integrated and comprehensive view of their entire system, ensuring superior monitoring and risk management.”
The acquisition is expected to close in early 2022. You can read more details in the press release.