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PALO ALTO, Calif., Feb. 06, 2019 (GLOBE NEWSWIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced that its 2018 customer count grew 60 percent and sales grew 70 percent year-over-year. This continued company momentum speaks to significant market opportunity and demand for biometric-based identity verification and Jumio’s ability to help enterprise clients reliably and quickly verify that a new visitor is who they claim to be.
“2018 was a tremendous year for Jumio and it’s been fueled by a number of factors including a steady barrage of high-profile data breaches, dwindling confidence in traditional forms of verification including two-factor authentication and knowledge-based authentication, and our expansion into Asia Pacific,” said Stephen Stuut, CEO of Jumio. “There is also a direct connection between a successful 2018 and Jumio’s continued investment in AI, machine learning and augmented intelligence — we were able to improve our own identity verification offerings and make them faster and even more accurate.”
Driven by continued demand for online identity verification, Jumio also celebrated the following 2018 achievements:
To learn more about Jumio and its award-winning online identity verification solutions, visit jumio.com.
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification and authentication services that quickly and accurately connect a person’s online and real-world identities. Jumio’s end-to-end identity verification solutions fight fraud, maintain compliance and onboard good customers faster.
Leveraging advanced technology including augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps organizations meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 160 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s 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 the 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.
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/92e49d74-2565-4b99-99d2-9b1176b5d741