KUALA LUMPUR, July 27 (Bernama) -- Jumio, the leading provider of orchestrated end-to-end identity proofing, eletronic Know-Your-Customer (e-KYC) and anti-money laundering solutions, has achieved its highest ever sales quarter in its history.
According to its statement, the achievement was driven by the ongoing need for modern enterprises across all industries and geographies to know and trust their online users, from onboarding to ongoing monitoring.
The success correlates with the company’s global research, which found that 80 per cent of consumers prefer identity verification measures when choosing online brands and that financial services (75 per cent) and healthcare (57 per cent) are the most important industries for online identity verification.
It said the Jumio KYX Platform makes it easy to establish the identity and risk profile of new users, authenticate and monitor existing users, and detect suspicious transactions to meet increasingly complex compliance mandates.
“As customer’s choice and satisfaction increasingly rely on an organisation’s ability to protect the customer’s identity and data, leading enterprises are entrusting Jumio with the protection of their digital ecosystems more than ever.
“Our relentless focus on innovation enables our customers and partners to deliver an intuitive and cutting-edge online experience to their end users,” said Jumio chief executive officer, Robert Prigge.
Other notable achievements in the second quarter include key executive hires, such as the appointment of Susan Walker as chief financial officer in May and Stuart Wells as chief technology officer in April
The company also unveiled its new Innovation Lab in San Diego in April.
Based in Palo Alto, California, Jumio operates globally with offices in North America, Latin America, Europe, Asia Pacific and the Middle East.
-- BERNAMA
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