Digital identity verification provider honored for leveraging AI to combat fraud
Jumio, the leading AI-powered trusted identity as a service provider, today announced it has been named a winner of Business Intelligence Group’s 2019 Artificial Intelligence Excellence Awards. The awards program recognizes organizations, products and people who bring AI to life and apply it to solve real-world problems.
Jumio is the leader in AI-powered digital identity verification, completing more than 300,000 ID verifications daily and over 170 million verifications to date. A leader in online identity verification, Jumio uses a unique hybrid approach of augmented intelligence, AI, machine learning, face-based biometrics, certified liveness detection, computer vision technologies and human review to thwart fraud, simplify compliance and determine if users are who they claim to be.
Jumio recently launched AI Labs in Montreal dedicated to the creation, experimentation and at-scale deployment of machine learning and deep learning technologies. Jumio’s AI Labs are developing deep learning models to dramatically improve identity verification accuracy and verification speed.
“We’ve spent the last several years developing AI models that push the boundaries that help us to reliably extract key data from government-issued IDs, find anomalies in manipulated IDs, and ensure the person is physically present,” said Labhesh Patel, Jumio CTO and chief scientist. “We’ve invested in AI to quickly and accurately verify the authenticity of an ID, a document or real-world identity in seconds.Through our AI-powered technology, we are taking the necessary steps to fight fraud and dramatically speed up the identity verification process.”
In 2018, Jumio grew its customer count by 60 percent and sales 70 percent year-over-year. Jumio recently launched Jumio Authentication, the first to market video-selfie authentication tool enabling users to verify themselves during high-risk transactions and unlock everything from online accounts to rental cars on any device. This continued momentum speaks to the significant market opportunity and demand for AI-powered identity verification and Jumio’s ability to help enterprise clients reliably and quickly verify a digital user is who they claim to be.
“We are so proud to name Jumio as a winner in our inaugural Artificial Intelligence Excellence Awards program,” said Maria Jimenez, chief nominations officer for Business Intelligence Group. “It was clear to our judges that Jumio was using AI to improve the lives of their customers and employees. Congratulations to the entire team!”
This award win highlights a momentous 2019 for Jumio. Jumio was recently named one of Fast Company’s Most Innovative Companies, Best Product in Biometrics, Best Product Fraud Prevention and Market Leader in Compliance by the InfoSec Awards, a Best Place to Work by Business Intelligence Group, the Fastest Growing Cybersecurity Company in the 2019 Cybersecurity Excellence Awards and one of the Best Places to Work in FinTech by SourceMedia.
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification and authentication services that quickly and accurately connect a person’s online and real-world identities. Jumio’s end-to-end identity verification solutions fight fraud, maintain compliance and onboard good customers faster.
Leveraging advanced technology including augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps organizations meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 170 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.