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Jumio Announces Record Quarter With 150% Growth Fueled By Financial Services, Mobile And Social

21/07/2021 04:00 PM

PALO ALTO, Calif., July 21 (Bernama) -- Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced that both sales and revenue grew over 150% in Q2 2021 from Q2 2020, fueled by an ongoing need for modern enterprises to know and trust that their online users are who they claim to be. This is evidenced by the large growth seen in financial services, mobile delivery services and social platforms verifying everyone from customers to employees to influencers.

Enabled by Jumio’s acquisition of Beam Solutions’ AML platform, the company also established all-time record sales for its end-to-end AML compliance solutions. Jumio processes over 20 million AML transactions monthly to help organizations that move money know their customers, detect suspicious activity, manage investigations and submit regulatory filings — all in the cloud.

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