Since the Beam Solutions platform was acquired by Jumio in September, we have been busy integrating Beam into the Jumio KYX Platform and settling into our new home. The Beam solutions are now under the umbrella of Jumio Transaction Monitoring, which includes monitoring and detection of transactions, accounts, and parties as well as watchlist screening, investigation and case management, and suspicious activity reporting. Check out our two-minute explanation video for an overview.
We have also been heads down making UI and performance enhancements, evolving the back-end infrastructure, and streamlining the KYC experience. And our efforts have been noticed!
A recent report in Banking CIO Outlook named Beam as one of the top 10 KYC solution providers of 2020. This list comprises the top 10 firms that the magazine identified as “prominent organizations in the industry that address issues pertinent to the finance sector by implementing current trends.” The report explains the importance of AI, blockchain analytics, and social biometrics in modern KYC solutions, all of which are right in our wheelhouse.
“We are delighted to be named in the Banking CIO Outlook report,” said Jumio CEO Robert Prigge. “Jumio Transaction Monitoring enables seamless ongoing customer due diligence to ensure KYC compliance for the entire customer journey. From onboarding to transaction monitoring, case management and AML reporting, Jumio’s KYX platform is the only complete end-to-end compliance platform.”
2020 has been a challenging year, of course, but it was also an amazing year for us. A big thank you to our customers and partners who have been on this journey with us. We look forward to sharing exciting advancements with you in 2021!