PALO ALTO, Calif., April 19 (Bernama-BUSINESS WIRE) — Jumio, the leading AI-powered trusted identity as a service provider, today announced that revenue grew by 60 percent year-over-year in the first quarter of 2019. Jumio also celebrated a successful start to 2019 in the form of new product launches, an expanded global footprint and multiple key award wins. Jumio launched two new products in Q1 to further fortify its industry-leading suite of identity verification, authentication and compliance solutions.
Jumio Authentication is the first video-selfie authentication solution in the market to combine facial biometrics for initial identity proofing and ongoing user authentication. The solution enables companies to use the same biometric (a 3D face map) to corroborate the identities of new online customers and the identities of existing users. This secure and rapid authentication method is ideal for account logins and high-risk scenarios including wire transfer attempts and password resets in order to overcome the shortcomings and security vulnerabilities of traditional authentication methods (e.g., knowledge-based authentication and SMS-based two-factor authentication).