Regtech Jumio Scales AI-Enhanced Digital Trust Solutions via NextWealth Partnership

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, announced the expansion of its strategic partnership with NextWealth, a pure play data services provider.

Jumio’s AI-powered solutions have “reached record-breaking high automation and quality rates.”

With this enhanced partnership, NextWealth will “provide ongoing identity verification services for Jumio, allowing Jumio to continue expanding upon its innovation.”

For Jumio customers, this partnership “provides global support and scale with the same service levels.”

NextWealth will take a lead role in “providing back-office operations for Jumio and ensure seamless continuity of business.” Their proven track record of hiring, developing and retaining top talent at scale, and “executing with world-class quality, will allow Jumio to scale its operations securely.”

Stuart Wells, Jumio CTO, said:

“Jumio’s mission to make the internet a safer place relies on the ongoing development of innovative fraud prevention solutions to thwart cybercriminals and their increasingly sophisticated tactics. Now more than ever, when our automation and quality rates have reached record levels, partnering with NextWealth enables us to focus on our core business and technology objectives and support our customers wherever they do business across the globe.”

Mythily Ramesh, NextWealth CEO, said:

“We are excited to continue expanding our partnership and supporting Jumio in its growth journey. The partnership between NextWealth and Jumio will further cement our position as one of the largest pure play, AI/ML-driven data services players in the country. NextWealth’s portfolio of digital solutions and service offerings will provide Jumio international level quality, with the flexibility to manage business fluctuations in a secure business ecosystem. This will enable Jumio’s customers to have a smooth and seamless experience combined with the assurance of security and trust.”

As noted in the update, Jumio helps organizations “to know and trust their customers online.”

From account opening to ongoing monitoring, the Jumio KYX Platform “provides advanced identity proofing, risk signals and compliance solutions that help you accurately establish, maintain and reassert trust.”

NextWealth is in the business of providing Information Technologies and Business Process Management Services, “specializing in AI/ML data services.” The customers are “across AI/ML tech, e-commerce, Fintech, Healthcare and other domains.”

NextWealth delivers its services in “a managed services model, at scale, with enterprise grade quality, variability, and flexibility and at affordable price points.”

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