Jumio’s award-winning Netverify® solution recognized for hybrid combination of AI, biometric facial recognition, computer vision and identity experts to detect fraud
PALO ALTO, Calif., March 14, 2018 (GLOBE NEWSWIRE) — Jumio, the leading AI-powered trusted identity as a service provider, today announced it was named the 2017 Tech Trailblazer Award winner in the “Mobile” category. Jumio’s Netverify® solution was recognized for empowering companies to verify that an individual’s real-world identity matches their digital identity, and to detect and mitigate mobile and online fraud without sacrificing conversion rates.
The Tech Trailblazers Awards are the first independent and dedicated awards programs for recognizing enterprise information technology startups. The awards highlight the most innovative entrants and concepts in enterprise technology areas such as cloud, security, IoT, mobile and many more. Shortlists were selected by a panel of leading IT industry experts and then opened to public vote.
“We are honored that the Tech Trailblazers recognized Jumio with the ‘Mobile’ award for our cutting-edge Netverify solution,” said Stephen Stuut, CEO, Jumio. “Our mobile SDK is loaded with cutting-edge technology, including liveness detection, blur detection, and a bunch of automation that ensures that we deliver a great customer experience during the online identity verification process.”
This recognition comes on the heels of momentous business growth. Recently, Jumio surpassed previous records to verify more than 100 million identities using the Netverify solution. The company also increased annual recurring revenue by 96 percent in 2017.
“We have seen an unparalleled standard of startups shaking up the enterprise tech space this year. The public and our judges have chosen a stellar selection of winners who will be the ones to watch in 2017. The Tech Trailblazers’ team wishes them all continued outstanding success over the coming year,” said Rose Ross, Chief Trailblazer, The Tech Trailblazers Awards.
For more information on the Tech Trailblazers, please visit www.techtrailblazers.com, follow the buzz on Twitter @techtrailblaze, hashtag #TTawards or check out LinkedIn for the latest updates http://www.linkedin.com/company/tech-trailblazers-awards. For more information on Jumio’s Netverify solution, please visit https://www.jumio.com/trusted-identity/netverify/.
When identity matters, trust Jumio. Jumio is the creator of Netverify® which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core solutions of ID Verification, Identity Verification and Document Verification, gaming operators now have a complete solution that allows them to establish the real-world identity of the consumer.
Leveraging advanced technology including biometric facial recognition, machine learning, artificial intelligence and human review, Jumio helps customers to meet regulatory compliance including KYC, AML and GDPR and tie the digital identity to the physical world. Jumio has verified more than 100 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the online gaming, financial services, sharing economy, cryptocurrency, higher education, retail, and travel sectors.
Based in Palo Alto, Jumio operates globally with offices in the US, 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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