Jumio Names New CRO

Jumio, a provider of AI-driven identity verification and compliance solutions, has appointed Mike Nawrocki as its new Chief Revenue Officer (CRO). The appointment comes as the company continues to expand following its $150 million funding round from Great Hill Partners in 2021.

Nawrocki brings 25 years of experience in enterprise technology sales and revenue leadership. His background includes executive positions at Trustwave, where he led global sales operations, and senior roles at Capgemini, Leidos, and Lockheed Martin.

The strategic appointment comes at a time of increasing regulatory demands for robust identity verification in digital transactions. Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations require financial institutions and other regulated entities to verify customer identities and monitor transactions for suspicious activity.

“Mike joins us at a critical time when organizations face mounting pressure to implement more sophisticated identity verification solutions while maintaining operational efficiency,” said Jumio’s CEO, Robert Prigge

In response to these challenges, Jumio’s platform combines artificial intelligence, machine learning, and biometric verification to authenticate identity documents and detect potential fraud. The technology performs real-time document verification, facial recognition matching, and liveness detection to prevent spoofing attempts. These capabilities have become increasingly important as digital identity verification systems face greater scrutiny for both effectiveness and fairness.

The company has established a strong presence across financial services, cryptocurrency exchanges, online gaming, and healthcare sectors. Operating on a business-to-business model with volume-based pricing, Jumio reports processing over one billion transactions globally, with operations spanning more than 200 countries and territories.

Looking ahead, Nawrocki emphasized his focus will be on expanding Jumio’s market presence as regulatory requirements evolve. “The identity verification landscape continues to grow more complex, particularly as artificial intelligence creates new challenges for fraud prevention,” he said.

The company maintains offices across North America, Latin America, Europe, Asia Pacific, and the Middle East, supported by investors including Centana Growth Partners, Great Hill Partners, and Millennium Technology Value Partners.

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November 12, 2024 – by Ali Nassar-Smith