JUMIO'S RECORD-BREAKING QUARTER FUELLED BY GOVERNMENT, HEALTHCARE INITIATIVES

KUALA LUMPUR, Oct 20 -- Jumio, the leading provider of AI-powered end-to-end identity verification, eKYC and AML solutions, has announced another record-breaking quarter, with new business growing more than 130 per cent in Q3 2021 from Q3 2020.

This growth spans the globe and multiple industries, including healthcare and government, and reflects the innovation of Jumio’s AI-powered solutions portfolio.

Jumio also celebrated the first anniversary of its acquisition of Beam Solutions’ AML platform by marking another record quarter for its end-to-end AML compliance solutions, which help organisations that move money know their customers, detect suspicious activity, manage investigations and submit regulatory filings — all in the cloud.

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Q3 was also a record quarter for Jumio’s channel programme, which continues to welcome partners who create groundbreaking solutions that address customer pain points including fraud detection, streamlined onboarding and AML and KYC compliance.

According to a statement, Jumio’s Q3 sales also reached an all-time high.

“Whether you’re creating an account for social media, healthcare or a bank, identity is the keystone, and as the digital identity space evolves, Jumio continues to expand and innovate to support accelerated digital transformation and online transaction growth across geographies and industries,” said Jumio CEO Robert Prigge.

Other notable highlights in the third quarter included: Board Expansion; Industry Recognition; and, Key Executive Hire.

In September, Jumio appointed Jennifer N. Harris to serve on the company’s Board of Directors, and it was named to the 2021 AIFintech100 List, showcasing the world’s most innovative solution providers using AI to solve challenges and improve efficiency in the financial services sector.

Palo Alto-based Jumio which operates offices in North America, Latin America, Europe and Asia Pacific is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.

-- BERNAMA