Identity verification specialist Jumio is celebrating its recognition as one of the global leaders in the development of artificial intelligence and machine learning-based applications for the financial services sector via its inclusion in the 2021 AIFintech100 List.
The AIFinTech100 list was selected by a panel of industry experts and analysts after a review of over 1,000 fintech companies by research firm FinTech Global, with its purpose being to identify the 100 most innovative companies developing AI applications in financial services.
“The AIFinTech100 is an essential source of information for senior management enabling them to identify the most innovative Artificial Intelligence companies in areas such as Insurance, Banking, Investment & Trading, Lending, Customer Experience, Compliance and Fraud Prevention,” said Richard Sachar, a director of FinTech Global.
Jumio’s inclusion in the list can likely be attributed to its use of a hybrid approach involving AI, machine learning, and biometrics to help organizations combat fraud, while also speeding up the customer onboarding experience and simplifying compliance with regulations.
“AI is built into the core of what we do,” said Labhesh Patel, Jumio CTO and chief scientist. “Being included in the AIFinTech100 list validates our efforts to provide secure, AI-powered solutions for financial services providers to safely onboard customers, confirm user identity and stop fraud in its tracks.”
This announcement caps off what has been a busy and successful summer for Jumio, which included its participation in the first ever FindBiometrics Identity Summit in June, followed by a healthy sales performance report, and the appointment of a CMO in late July.
September 10, 2021 — by Tony Bitzionis