Promote this Nomination
|Company (that provides the nominated product / solution / service)||Jumio|
|Company size (employees)||1,000 to 4,999|
|Type of solution||Hybrid|
In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:
- Market Leading Accuracy: Jumio has invested in the technology, processes, and people to make it the most accurate solution in the market. Through a combination of computer vision, machine learning, biometrics, augmented intelligence, and human review, Jumio has enabled the highest level of accuracy in deterring fraud.
- Machine Learning at Scale: Jumio has a big leg up over the competition, having performed over 130 million online verifications. Jumio also has the largest database of identity verification transactions to train its algorithms—easily 10x that of the next nearest competitor. By tagging tens of thousands of IDs, the algorithms that feed Jumio’s machine learning get smarter, faster and learn how to recognize these patterns automatically. Jumio leverages a large team of verification experts to tag IDs— both good and rejected images—to help train our machine learning algorithms and improve verification accuracy.
- Global Growth: Jumio has emerged as the global standard for online identity verification, leading to it recently record its best sales quarters in company history in Q2 2018. Jumiosales grew by more than 200% year-over-year for three of its last four quarters, with a 48% increase in sales over the same quarter last year. The results were fueled by record sales growth in the Asia Pacific region, which grew 531% over the previous quarter. The company has recorded quarter-over-quarter sales growth nine of the last 10 quarters, showing a market demand for this identity management solution in this market. Jumio extends its biometric verification services with ID by processing government documents with real-time scanning and validation of IDs in more than 200 countries and territories.
Summary of Achievements
Jumio is the leading AI-powered digital identity verification service in the burgeoning biometrics and digital verification industries. As data breaches continue to rise, Jumio is uniquely positioned to help organizations safeguard their customers’ data and ecosystems, without sacrificing user experience, by ensuring that a person’s digital identity matches their physical identity when doing business online in an increasingly digital world.
Jumio pioneered liveness detection technology to thwart fraudsters’ attempts to assume another individual’s identity. With many traditional identity verification solutions, users are asked to take a picture of their government-issued ID document with their smartphone or upload it from their computer. The problem is that many fraudsters who have stolen IDs have legitimate passports or driver’s licenses—those IDs just don’t actually belong to them. That’s why Netverify Identity Verification now requires users to take a selfie (or a picture of themselves with a customized handwritten note) so we can verify that the person featured in the selfie matches the picture on the ID document.
Jumio’s Netverify solution suite also uses AI, machine learning, biometrics, and human verification experts to verify credentials issued by over 200 countries in real time web and mobile transactions.
Jumio’s compliant machine learning approach builds in data privacy and security at every stage of the machine learning workflow including initial data capture, ID preprocessing, data tagging, algorithm training, and model deployment.