JUMIO, FIRST IDENTITY PROOFING VENDOR SURPASSES US$200 MLN IN BOOKINGS

KUALA LUMPUR, Jan 19 (Bernama) -- Jumio, the provider of automated, end-to-end identity proofing, risk assessment and eKYC (Know Your Customer) solutions, became the first identity company to clear well over US$200 million in bookings which saw the completion of both the largest new deal and the largest total deal in the fourth quarter of 2022.  (US$1 = RM4.32)

This record-breaking close to a successful 2022 speaks to the sophistication of online business and the growing need for modern enterprises across all industries and geographies to truly know and trust their end users online.

“Despite the extremely daunting global environment, we continue to manage our business closely and focus on execution so we can evolve with the climate, and it continues to pay off.

“This allows us to further accelerate our investment in Jumio’s core technology and innovation in our ongoing mission to eradicate online fraud worldwide,” said Jumio Chief Executive Officer, Robert Prigge in a statement.

Jumio’s other notable achievements last year include the unveiling of its extended KYX platform, with an integrated orchestration hub benefiting from the company’s acquisition of 4Stop and hiring of key executives in which Susan Walker was appointed as Chief Financial Officer in May, while Stuart Wells joined in April as Chief Technology Officer.

Additionally, Jumio was recognised as a representative vendor for the fourth consecutive time in the latest Gartner Market Guide for Identity Proofing and Affirmation, published in March.

The Guide also lists Jumio among orchestration vendors that “connect to a range of identity proofing and affirmation vendors, as well as vendors focusing on fraud detection and user authentication.”

-- BERNAMA