Jumio, the provider of “orchestrated” end-to-end identity proofing, eKYC and AML solutions, recently announced the appointment of Stuart Wells as the firm’s new chief technology officer.
In addition, Jumio unveiled its new Innovation Lab in San Diego. Wells “joins Jumio’s executive team after nearly a decade at FICO, where he served as executive vice president and chief product & technology officer.”
He brings “decades of technical leadership experience from leading companies in Silicon Valley such as Avaya, where he served as senior vice president and president of global communications solutions, and Sun Microsystems, where he served as executive vice president.”
Robert Prigge, CEO of Jumio, stated:
“Stuart joining our team as CTO signals a new era for Jumio as we continue to redefine the end-to-end identity space. Stuart’s extensive industry knowledge is a major asset as Jumio reaches its next stage of growth and continues to drive innovation in the identity space.”
As CTO, Wells will “lead Jumio’s IT, AI, machine learning and engineering teams.”
He will also “oversee Jumio’s Innovation Lab in San Diego and AI Lab in Montreal.”
Wells remarked:
“Jumio’s vision of making the internet a safer place has resonated with me as it’s such a critical issue today that impacts everyone online. Serving as CTO, I will lead Jumio’s engineering teams to continue to deliver on this promise by providing innovative fraud prevention solutions that keep up with the constantly evolving methods of fraud.”
Jumio’s newest Innovation Lab in San Diego “focuses on research and development for the broader technology landscape, enabling Jumio to facilitate innovation on a larger, long-term scale.”
Its research program studies and “identifies never-seen-before approaches for addressing common identity verification issues.”
This team of researchers specifically “focuses on innovations that can further improve fraud prevention technology and fraud monitoring to make a significant industry impact in the next 5-10 years.”
Meanwhile, Jumio’s Artificial Intelligence (AI) and Machine Learning Lab in Montreal specializes “in shorter-term research that addresses more timely customer needs and pain points.”
Jumio’s mission is “to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification, eKYC and AML platform.”
The Jumio KYX Platform offers “a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.”
Leveraging advanced technology including AI, biometrics, machine learning, liveness detection and automation, Jumio “helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC, AML and GDPR.”
Jumio has “carried out more than 500 million verifications spanning over 200 countries and territories from real-time web and mobile transactions.”
Based in Palo Alto, Jumio “operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation.”
Jumio is “backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.”