Company Recognized by Banking Industry for Delivering Seamless Authentication Capabilities
Palo Alto, Calif., October 6, 2015 – Jumio, Inc., the fast growing online and mobile credentials authentication company, today announced that it was named one of Banking CIO Outlook’s 10 Most Promising Core Banking Solution Providers. Banking CIO Outlook looked at hundreds of banking solution providers, assessing each vendor’s strength in streamlining crucial banking processes through efficient solutions and the integration of latest technologies. Jumio offers powerful solutions and consumer-facing technology to help meet business process needs and help banks drive innovation.
“Financial institutions are rapidly changing to meet the needs of today’s anytime, anywhere consumer,” said Stephen Stuut, CEO, Jumio. Providing banks with a customer-friendly and accurate way to authenticate the identity of a consumer facilitates many types of transactions. Bank-grade technologies that enhance the consumer experience are in high demand by market leaders.”
Jumio has become the ID authentication standard in industries such as financial services, travel, e-gaming, retail and the sharing economy. Utilizing proprietary computer vision technology, the company helps businesses meet KYC (know your customer), ID verification requirements and fraud reduction goals by authenticating and extracting data from driver licenses, passports or other government issued IDs. Jumio’s products improve the consumer experience by providing an in-app, real-time authentication process for transactions such as international mobile boarding pass issuance, new bank account opening, money transfer and more.
“We’re excited to be named among the most Promising Core Banking Solution Providers alongside other great companies like Fiserv, Smart Financial, and SunGard,” Stuut continued. “This recognizes Jumio’s commitment to innovative, efficient products that help businesses increase their bottom line.”
Mr. Stuut will be sharing his thoughts on financial services innovation at the Financial Services COO CIO Roundtable hosted by The Boston Consulting Group in New York on Oct. 6.
“To stay ahead in a competitive environment, Jumio puts strong effort toward constantly improving the products they provide to banks as the best way to accelerate decision making,” said Banking CIO Outlook. “Furthermore, the company takes a long term view and invests heavily in developing new features and products that will address the customers’ exact needs.”
Jumio is a leading identity management and credentials company that helps businesses reduce fraud and increase revenue while providing a fast, seamless customer experience. The company utilizes proprietary computer vision technology to reduce customer sign-up and checkout friction and verify credentials issued from over 130 countries in real-time web and mobile transactions.
Jumio’s products are leveraged by a wide range of clients; from the leading internet companies to start-ups, Fortune 500 and FTSE 350 organizations in the financial services, sharing economy, retail, travel and online gaming sectors. Jumio is backed by top tier investors including Andreessen Horowitz, Citi Ventures and Facebook Co-Founder Eduardo Saverin.
Headquartered in Palo Alto, California, Jumio operates globally, with offices in the US and Europe, and has been the recipient of numerous awards for innovation from leading industry associations.