Regtech Jumio explained that its portfolio now covers advanced innovations in biometrics, liveness detection, and anti-spoofing technologies
Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, announced that it reportedly has more than 300 issued patents and patent applications.
The strength of Jumio’s global IP portfolio spans nearly 100 unique patent families and accelerates Jumio’s vision of eradicating identity theft and leveraging “artificial intelligence, biometrics, machine learning, liveness detection, authentication and anti-spoofing technology.”
Jumio is said to be behind the ID + selfie approach to identity verification, has processed over 1 billion transactions and enables organizations to orchestrate the customer identity lifecycle with “a single, unified platform supporting more than 5,000 ID types in over 200 countries and territories.”
Leveraging the global coverage, scale and size of its data network, Jumio is able to drive “smarter” verification and fraud detection decisions, “all to provide industry-leading catch rates with fewer false positives.”
Jumio’s patent program reportedly aims to encourage innovation and creativity among employees.
Jumio helps organizations to know and “trust” their customers online.
From account opening to ongoing monitoring, the Jumio platform provides identity verification, risk signals and compliance solutions that help you “accurately establish, maintain and reassert trust.”
Leveraging technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps you fight fraud and financial crime, “onboard good customers faster and meet regulatory compliance including KYC and AML.”
Jumio has processed more than 1 billion transactions “spanning over 200 countries and territories from real-time web and mobile transactions.”
Based in Sunnyvale, Jumio operates with offices and representation in North America, Latin America, Europe, Asia Pacific and the Middle East.
During the past decade, the need for robust regulatory technology solutions has increased significantly due to the rise of fraudulent activities, typically carried out on online or all-digital platforms. It’s now expected that Regtech firms will have to remain at the forefront of innovation in order help with protection vulnerable consumers and businesses in an increasingly digital environment.
