Jumio, a provider of identity verification, risk signals, and compliance solutions, announced its partnership with LatticeFlow AI, a Swiss-based company that enables AI systems.
As part of this collab, Jumio will leverage LatticeFlow’s AI platform to “proactively” identify model failure modes, enhance performance and strengthen fraud protection across the Jumio Platform.
Jumio will benefit from LatticeFlow AI Vision to validate model performance and reliability.
By integrating LatticeFlow’s computer vision capabilities, Jumio aims to improve model fairness, “reduce fraud and meet emerging regulatory requirements — specifically in preparation for the EU AI Act’s increased governance obligations.”
The EU AI Act will regulate certain AI systems based on their risk, making robust compliance strategies “essential for companies like Jumio.”
By leveraging LatticeFlow AI, Jumio will be better “equipped to meet these regulatory standards while continuing to innovate in AI-driven identity verification.”
This partnership positions Jumio at the forefront of AI compliance, reinforcing its role “in fraud prevention and identity verification.”
Jumio helps organizations to know and trust their customers online.
From account opening to ongoing monitoring, the Jumio Platform provides advanced identity verification, risk signals, and compliance solutions “that help you accurately establish, maintain, and reassert trust.”
Leveraging tech including automation, biometrics, AI/machine learning, liveness detection, and no-code orchestration with data sources, Jumio helps fight fraud and financial crime, “onboard good customers faster and meet regulatory compliance including KYC and AML.”
Jumio has processed 1 billion+ transactions spanning 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.
Jumio is reportedly backed by Centana Growth Partners, Great Hill Partners, and Millennium Technology Value Partners.
LatticeFlow AI’s deep tech empowers organizations to build AI models that are robust, safe, trustworthy, and compliant.
LatticeFlow’s platform validates AI apps against global standards, including the EU AI Act and over 25 ISO AI standards.
By ensuring the validation of AI data and models, the company enables organizations to “mitigate risks, improve performance, and meet stringent regulatory requirements.”
Founded on research from ETH Zurich, LatticeFlow AI has raised $17+ million from US and European investors.
Their platform is “trusted” customers, including the US Army, Singaporean Defense, Siemens Mobility, and AI scaleups like Athena AI and Jumio.
