JUMIO KYX PLATFORM ORCHESTRATION UNIFIES RISK, FRAUD DETECTION CAPABILITIES

KUALA LUMPUR, Oct 26 -- Jumio has announced the launch of an intuitive no-code orchestration layer for its KYX Platform that unifies an entire set of risk and fraud detection capabilities to address identity proofing, compliance verifications and AML use cases. 

The leading provider of AI-powered end-to-end identity verification, eKYC and AML solutions, Jumio pioneered the ID + selfie approach to identity verification and is now significantly expanding its platform capabilities for business customers.

“Jumio’s next-generation KYX orchestration platform reimagines the process from one-off authentication to holistic user recognition and verification,” said Jumio Chief Executive Officer Robert Prigge in a statement.

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The KYX Platform will now provide multi-layered, end-to-end risk detection with flexible workflows, increasing visibility by showing a holistic view of the consumer identity and any underlying risk.

As fraudsters become increasingly sophisticated, businesses are having to layer in countless risk signals from multiple vendors in an attempt to protect their ecosystems.

The Jumio KYX Platform addresses these pain points by enabling its customers to orchestrate the controls and assurances needed to know and trust their end users — all via single API layer powered by AI and automation, achieving record high catch rates and low false positives.

With the addition of an orchestration layer, Jumio’s platform leverages its best-in-class identity verification technology to address today’s market challenges caused by the rampant theft of personally identifiable information (PII) via large-scale data breaches.

Jumio’s ability to quickly verify and validate consumers, via government-issued IDs and other data sources and risk signals, completely differentiates the next-generation KYX Platform from other providers who rely on data that have been compromised in breaches.

The engine behind the platform allows enterprises to create custom risk and fraud workflows using a no-code interface and presents a unified risk score to provide a single outcome across multiple risk checks.

Latam fintech pioneer, Rappi, is one of the first Jumio customers to sign up for early access to the next-generation Jumio KYX Platform.

More details at www.jumio.com.

-- BERNAMA