SOURCE: Jumio, Inc.

Jumio, Inc.

July 27, 2016 08:00 ET

Jumio Sets New Record With More Than 30 Million Identities Verified

Company's Next Generation ID Verification Technology Critical for Reducing Fraud and Ensuring Safe, Secure Transactions

PALO ALTO, CA and LONDON, UNITED KINGDOM--(Marketwired - Jul 27, 2016) - Jumio, the leading digital ID verification company, today announced that the company has continued to set new records for the number of ID verifications completed, with transactions growing in excess of 30 million.

The growth of online web and mobile transactions pose specific challenges for businesses, especially when it comes to ensuring customers are who they say they are. The companies most at-risk are those in the financial services, travel and online gaming industries, as well as those considered part of the burgeoning shared economy. For these businesses and others, shielding themselves -- and potential victims -- from fraud by delivering safe, secure, transactions is critical. These measures provide a level of trust that helps to reduce abandonment and ensure an improved customer experience.

"Jumio is turning the vision of what digital ID verification should be into reality," said Philipp Pointner, VP Products, Jumio. "Our product solutions continue to focus on combining technology along with ID verification experts to ensure the highest level of fraud detection capabilities. Through the use of advance computer vision technology we continue to move the industry forward."

Jumio's flagship product Netverify provides online and mobile ID verification along with computer vision technology to enable customers to perform high-risk transactions quickly and easily -- providing a better user experience. 

In alignment with Jumio's record growth the company will extend its expansion efforts and continue to aggressively hire across its offices in Austria, the UK and U.S. In Q2 2016, Jumio's hiring increased substantially. The company will continue to expand the global team, throughout the year, with significant investments in product development and customer services to meet growing demand.

Read more about Jumio's strong Q2 2016 performance.

About Jumio
Jumio delivers the next-generation in digital ID verification, enabling businesses to reduce fraud and increase revenue while providing a fast, seamless customer experience. Jumio uses computer vision technology to verify credentials issued by over 200 countries in real time web and mobile transactions. Jumio's solutions are used by leading companies in the financial services, sharing economy, retail, travel and online gaming sectors. Funded by Centana Growth Partners and based in Palo Alto, California, Jumio operates globally, with offices in the US and Europe, and has been the recipient of numerous awards for innovation.

For more information please visit us at www.jumio.com.