First-to-market video selfie authentication solution honored for replacing passwords, fighting account takeover fraud

PALO ALTO, Calif. Jan 28 (Bernama-BUSINESS WIRE) -- Jumio, the leading provider of end-to-end identity verification and authentication solutions, today announced its Jumio Authentication solution was named a winner of the 2020 Business Intelligence Group (BIG) Innovation Award. Jumio Authentication, the first-to-market video selfie authentication solution, was honored for its ability to prevent account takeover and online fraud by leveraging AI, facial biometrics and certified liveness detection. Jumio was named to BIG’s list of 100 companies and products leading in innovation in 2020.

Jumio uses a unique hybrid approach of augmented intelligence, AI, machine learning, face-based biometrics, certified liveness detection and computer vision technologies to thwart fraud, simplify compliance and determine if users are who they claim to be. Launched in 2019, Jumio Authentication leverages a 3D face map to verify a user’s digital identity for online transactions in seconds, replacing passwords on any device. Jumio Authentication is the first to leverage biometrics for initial identity proofing and ongoing user authentication, protecting businesses from fraudsters while providing users an online experience that is fast, secure, accurate and easy to use.

“Traditional authentication methods, such as passwords, two-factor authentication and knowledge-based authentication, should be left in the last decade. Escalated fraud levels and the account takeover fraud epidemic have clearly shown that they are not secure and there is an industry need for more advanced authentication methods to safeguard our data and digital ecosystems,” said Robert Prigge, Jumio CEO. “We’re dedicated to solving this need through Jumio Authentication, and we are honored our product was recognized for leveraging biometric authentication to fight fraud and prevent account takeover.”

Organizations from across the globe submitted their recent innovations for consideration in the BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.

“Innovation has become a major theme for organizations across virtually all industries and this year’s winners are a testament to the creativity, passion and perseverance of individuals worldwide,” said Maria Jimenez, chief operating officer of the Business Intelligence Group. “We are thrilled to be honoring Jumio as they are leading by example and making real progress on improving the daily lives of so many.”

This recognition follows on the heels of a momentous year for Jumio. In 2019, Jumio received 21 industry awards for innovation, cybersecurity and company growth, including being named one of Fast Company’s 50 Most Innovative Companies in the World, a 2019 Fortress Cyber Security Award winner for Authentication and Identity, a Best Place to Work by Business Intelligence Group, the Fastest Growing Cybersecurity Company in the 2019 Cybersecurity Excellence Awards and a winner of Business Intelligence Group’s 2019 Artificial Intelligence Excellence Awards.

To learn more about Jumio and its award-winning end-to-end biometric identity verification solutions, visit jumio.com.

About Jumio

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 200 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 Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20200127005124/en/

Contact

U.S. Media Contact
Alex Mercurio
10Fold Communications
jumio@10fold.com
925-271-8227

Europe Media Contact
Gemma Lingham
FleishmanHillard Fishburn
gemma.lingham@fhflondon.co.uk
+44-208-618-2812

Source : Jumio

--BERNAMA