Pioneering Selfie Biometrics
The central premise of Jumio’s platform is the verification user identities via facial recognition. Requiring nothing more than a standard smartphone camera, Jumio’s platform is designed to match an end user’s selfie to their official identity documents, enabling secure and reliable verification, authentication, and onboarding.
Beneath that simple premise lies a wealth of technological innovation. The company’s machine learning models have been trained on over 225 million images, and its face biometrics tech features certified liveness detection technology that can spot the signs of a fraudulent authentication attempt. Its document reading technology, meanwhile, supports over 3,500 types of official identity documents across 200 countries and territories, ensuring that end users all over the world can verify their identities.
At first, Jumio’s onboarding platform included an element of human review, which was combined with biometrics and machine learning in the Netverify platform to deliver a uniquely reliable identity verification solution. Netverify won customers and acclaim, but with the rapid pace of Jumio’s technology innovation, it was only a matter of time before the company delivered a fully automated solution.
Jumio Go was launched in 2019, empowering organizations to enable highly accurate remote identity verification without any need for manual review. Supported across mobile, web, and cloud channels, the pioneering identity verification system used sophisticated biometric algorithms and NIST-certified liveness detection, immediately making it one of the most appealing selfie authentication and onboarding solutions on the market, and further accelerating Jumio’s growth.
Know Your X
Jumio has consistently reported rising metrics over the past several years, and saw a pronounced jump in its business growth in the wake of a global pandemic that drove all kinds of businesses into online channels and prompted even stronger demand for remote authentication and identity verification solutions. But the company was not content to simply rest on its laurels, and instead sought further market differentiation through the launch of its Jumio KYX Platform in September of 2020.
Building on the idea of ‘Know Your Customer’ identity verification, KYX introduced the idea of ‘Know Your Everything’ – your customer, your partner, your contractor, and so on. KYX offers a comprehensive approach to identity management and fighting fraud. With selfie-based biometrics at its core, the solution enables authentication, transaction monitoring, and Anti-Money Laundering screening; and it assures compliance with the strictest KYC and AML regulations, such as Europe’s GDPR.
Happy Customers and Industry Acclaim
Jumio’s sophisticated identity verification technology has helped the company to accumulate a fast-rising number of clients, including high-profile names such as HSBC, Rappi, and Monzo. And Jumio’s work with these clients has delivered tangible results. Monzo, for example, first implemented Jumio’s onboarding solution in 2017 to help the challenger bank meet rising demand for its services, and went on to see 80 percent of all of its transactions verified within just 150 seconds, and 95 percent verified within 270 seconds.
“As Monzo continues to grow and pursue new markets, we know that Jumio will scale with our business and continue to provide an essential service — helping Monzo create the best-possible experience for our banking customers while fighting financial crime,” attested Monzo’s Head of Financial Crime, Natasha Vernier.
In addition to earning praise from its clients, Jumio has consistently won acclaim from industry experts. The company has won numerous Cybersecurity Excellence Awards, Golden Bridge Awards, and IT World Awards, to name just a few; and it has been named a Representative Vendor in Gartner’s annual Market Guide for Identity Proofing and Attribution for three years in a row.
Learn more about Jumio by visiting its page on The FindBiometrics Directory.
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