Digital identity verification provider honored for helping organizations meet regulatory compliance requirements
PALO ALTO, Calif.–(BUSINESS WIRE)–Jumio, the leading AI-powered trusted identity as a service provider, today announced its identity verification solution was named a 2019 SIIA CODiE Awards finalist in the best compliance solution category. Finalists represent the best products, technologies and services in software, information and business technology.
Jumio has completed over 170 million verifications to date and uses a unique hybrid approach of augmented intelligence, AI, machine learning, face-based biometrics, certified liveness detection, computer vision technologies and human review to prevent fraud and determine if users are who they claim to be. Jumio also helps organizations meet regulatory compliance requirements including Know Your Customer (KYC), Anti-Money Laundering (AML), California Consumer Privacy Act (CCPA), Revised Payment Services Directive (PSD2) and General Data Protection Regulation (GDPR).
Jumio was recognized as one of the best compliance solutions that enable businesses to connect regulatory developments with internal policy systems, organizational risks and controls and regulatory training. Jumio can verify over 3,300 variants of government-issued IDs issued by more than 200 countries and territories. When businesses expand to new territories and countries, Jumio can help quickly onboard new customers in that location and meet local compliance mandates.
“Consumer privacy and online data protection remain top concerns for regulators today. While verifying new user identities, companies are capturing a range of personal identifying information,” said Robert Prigge, Jumio president. “Protecting this sensitive information and helping organizations maintain compliance is one of our top priorities, and we are honored to be recognized for our innovative identity verification solutions addressing this need.”
The SIIA CODiE Awards are the premier awards for the software and information industries and have been recognizing product excellence for over 30 years. The awards offer 76 categories with an industry focus on education technology and business technology. Jumio was honored as one of 137 finalists across the 44 business technology categories.
“The 2019 CODiE Award finalists are some of the most innovative, high-impact products in the market. We are thrilled to place a spotlight on these innovations and the power they have to transform the future of how we do business,” said Jeff Joseph, president of SIIA.
The SIIA CODiE Awards are the industry’s only peer-recognized awards program. Business technology leaders including senior executives, analysts, media, consultants and investors evaluate assigned products during the first-round review which determines the finalists. SIIA members then vote on the finalist products and the scores from both rounds are tabulated to select the winners. Voting is open now through May 17.
This recognition continues a momentous year for Jumio. In 2019, the company launched Jumio Authentication, a biometric-based authentication solution and Jumio Screening, a fully-automated AML screening solution. Jumio also won a number of industry awards including Best Product in Biometrics, Best Product Fraud Prevention and Market Leader in Compliance by the InfoSec Awards, a Best Place to Work by Business Intelligence Group, the Fastest Growing Cybersecurity Company in the 2019 Cybersecurity Excellence Awards, Business Intelligence Group’s 2019 Artificial Intelligence Excellence Awards, and one of the Best Places to Work in FinTech by SourceMedia.
To learn more about Jumio and its award-winning end-to-end biometric identity verification solutions, visit jumio.com.
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification and authentication services that quickly and accurately connect a person’s online and real-world identities. Jumio’s end-to-end identity verification solutions fight fraud, maintain compliance and onboard good customers faster.
Leveraging advanced technology including augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps organizations meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 170 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.
About the SIIA CODiE™ Awards
The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology’s finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence. For more information, visit siia.net/CODiE.
Jake Kasowski10Fold Communications[email protected](360) 635-8646