Sales Up 45% in Jumio’s Q2 Update

“Our focus on verification accuracy, speed and innovation is helping us meet the needs of modern enterprises who need a reliable means of proving that someone is who they claim to be online.”

Biometrics News - Jumio Posts Record Q2 Results

Jumio is celebrating the largest sales quarter in the company’s history after sales jumped 45 percent over the same quarter one year ago. Jumio credited the growth to the rising demand for online identity verification solutions, especially in the financial services sector where providers need to meet strict Know-Your-Customer and anti-money laundering regulations.

“Our focus on verification accuracy, speed and innovation is helping us meet the needs of modern enterprises who need a reliable means of proving that someone is who they claim to be online,” said Jumio President Robert Prigge. “An ever-growing number of consumers are opening new accounts on mobile devices, making Jumio’s identity verification solutions an indispensable ingredient to the onboarding process.”

Jumio’s second quarter highlights include new partnerships with BTG Pactual and Bank ABC, as well as the online gambling operator Novibet. All three have turned to Jumio’s selfie-based authentication technology for secure customer onboarding that complies with the latest international standards.

Jumio has also teamed up with TruNarrative and Nok Nok Labs, the latter of which is leveraging Jumio’s biometric identity verification for account recovery, and added to its trophy collection with a 2019 Fortress Cyber Security Award. The latest news simply proves that the accolades are translating to business success, and bodes well for Jumio’s prospects moving forward.

(Originally posted on Mobile ID World)

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“Our focus on verification accuracy, speed and innovation is helping us meet the needs of modern enterprises who need a reliable means of proving that someone is who they claim to be online.”

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