PALO ALTO, Calif., May 17 (Bernama-BUSINESS WIRE) — Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it is now processing more than one million daily identity verifications, the vast majority of which are completely automated. By consistently setting new records, Jumio has already cleared over 100 million different transactions so far in 2021 alone, with YTD revenue growing more than 118% year-over-year.
Jumio’s sophisticated machine learning models now catch the majority of fraud attempts found. Fraud detection has dramatically increased due to the state-of-the-art accuracy of Jumio’s Face Lookup feature. This innovation flags potential fraudulent activity by the same face being used across multiple identity verification attempts, specifically targeting fraud rings and repeat fraudsters. Additionally, Jumio’s automation recently won gold for AI in Security in the 2021 Cyber Security Global Excellence Awards.