Jumio Reports Considerable Growth in Adoption of Netverify TIaaS

“In a statement announcing the growth, Netverify highlighted the implementation of document reading and facial recognition capabilities to its platform, which have evidently seen an enthusiastic market response…”

Jumio is celebrating its success with very encouraging fiscal results and recognition through an industry award.

Jumio Reports Considerable Growth in Adoption of Netverify TIaaSThe company says that it saw considerable growth in adoption of its Netverify Trusted Identity as a Service (TIaaS) platform in the first quarter of this year. As a result, its annual recurring revenue increased by 47 percent year over year, with the company seeing new heights in daily transaction volumes.

In a statement announcing the growth, Netverify highlighted the implementation of document reading and facial recognition capabilities to its platform, which have evidently seen an enthusiastic market response, with companies ranging from a car sharing service to an online auctioning platform having implemented Netverify in recent weeks.

That technology allowed Jumio to “set itself apart” in the FinTech Breakthrough Awards, explained James Johnson, the managing director of the event. Johnson offered his commentary and praise in a statement announcing Jumio’s win in the Best Fraud Prevention category — a plaudit that should help to further boost Jumio’s ascent as a TIaaS provider to the financial services sector and beyond.

(Originally posted on Mobile ID World)