Q3 highlights include the acquisition of Beam Solutions� AML platform, the launch of the Jumio KYX Platform and the highest number of identity verification scans processed
PALO ALTO, Calif.–(BUSINESS WIRE)–Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced the largest sales quarter in the companys history, ending September 30, 2020. Jumio also set an all-time record for verification transactions processed thanks to accelerated digital transformation efforts by key customers in the banking, financial services, healthcare and education sectors.
In addition to record sales and record volumes, the company also acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring, case management and AML screening. Beams suite of AML solutions will further strengthen the companys position in the anti-financial crime marketplace and provide organizations in regulated industries a complete end-to-end compliance platform.
Jumios monumental growth is a testament to our mission to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification, KYC and AML monitoring services, said Robert Prigge, Jumio CEO. We are excited to harness this quarters momentum and the Beam acquisition to fuel our next stage of growth as we help organizations know and trust their online customers.
Other notable achievement in the third quarter included:
To learn more about Jumio and its award-winning, AI-powered identity verification and eKYC solutions, visit jumio.com.
About Jumio
When identity matters, trust Jumio. Jumios mission is to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification and eKYC platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.
Leveraging advanced technology including AI, biometrics, machine learning, liveness detection and automation, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC, AML and GDPR. Jumio has verified more than 250 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumios 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.
Contacts
Media Contacts:
U.S. Media Contact
Alex Mercurio
10Fold Communications
jumio@10fold.com
925-271-8227
Europe Media Contact
Gemma Lingham
FleishmanHillard Fishburn
gemma.lingham@fhflondon.co.uk
+44-7525-699-347
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