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Jumio Wins Gold in Access Compliance and Risk Management Innovations in 2018 Golden Bridge Awards®

October 2, 2018

PALO ALTO, Calif., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced that its Netverify solution has earned top honors in two categories in the Golden Bridge Awards, an annual global industry and peers recognition program honoring best companies in every major industry from large to small companies and startups. The awards program named Jumio a Gold Winner for Access Compliance and Risk Management Innovations and Bronze winner for Security Solution for Enterprise (Large) Innovations.

Jumio’s digital identity verification technology powers businesses with scalable, secure and compliant identity verification, which enables them to protect their ecosystems and build trust in an increasingly unsafe digital world. Jumio recently surpassed over 130 million verifications globally and is able to quickly verify the authenticity of an ID, document, or a user’s real-world identity in seconds to help optimize conversions and deter fraud.

The platform also helps companies meet regulatory compliance including Know Your Customer (KYC), Anti-Money Laundering (AML) and General Data Protection Regulation (GDPR) without sacrificing the customer experience.

“Online threats like account takeover, synthetic fraud and the growth of identity theft have made it increasingly difficult for digital businesses to know that a customer is who they claim to be,” said Stephen Stuut, CEO of Jumio. “These awards provide important validation that we’re on the right track and that our innovative online identity verification solutions are helping protect the online communities of the businesses we serve, from banks to the sharing economy to the leading telco players.”

The Golden Bridge Awards recognized Jumio and its Netverify solution for these notable achievements:

-- Market Leading Accuracy:Through a combination of computer vision, machine learning, biometrics, augmented intelligence and human review, Jumio’s solutions deliver the highest level of accuracy in deterring fraud, while complying with key global data protection and privacy regulations. -- Machine Learning at Scale:Jumio is the industry standard for machine learning and artificial intelligence fueled by a rich dataset of identity verification transactions. Jumio’s deep learning and machine learning models have been honed for a number of different use cases, such as blur detection and bad image quality detection. These algorithms have helped Jumio improve the speed and accuracy of online verifications and helped establish the company as the global leader in this emerging $10 billion space. -- Global Growth:Jumio is the industry leader and creator of the identity-verification-as-a-service market. Jumio has grown its revenues by more than 200 percent in each of the past two years and this market traction reflects the growing need for biometric-based identity verification, as traditional methods of authentication including knowledge-based authentication and SMS-based two-factor authentication increasingly fall out of favor.

“Jumio impressed the judges in the Innovations in Information Technology and Security categories,” said San Madan, President and Founder of the Golden Bridge Awards. “Innovative solutions in cybersecurity are critical requirements for enterprises of all sizes everywhere in the world.”

Jumio has had a notable year, as the company and its Netverify solution have won 18 industry awards in the past year, including the CyberSecurity Breakthrough Awards, 2018 SC Awards, 14th Annual Info Security Product Guide’s 2018 Global Excellence Awards®, 2018 Cybersecurity Excellence Awards, Cyber Defense Magazine’s 2018 Infosec Awards, the 13th Annual 2018 IT WorldAwards® and the UK Digital Awards 2018.

To learn more about Jumio, please visit: www.jumio.com/.

About JumioWhen identity matters, trust Jumio. Jumio is the creator of Netverify® which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core solutions of ID Verification, Identity Verification and Document Verification, organizations now have a complete solution that allows them to establish the real-world identity of the consumer.

Leveraging advanced technology including biometric facial recognition, machine learning, artificial intelligence and human review, Jumio helps customers to meet regulatory compliance including KYC, AML and GDPR and tie the digital identity to the physical world. Jumio has verified more than 130 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, online gaming, cryptocurrency, higher education, retail and travel sectors.

Based in Palo Alto, Jumio operates globally with offices in the U.S., Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.

About the Golden Bridge AwardsGolden Bridge Awards are an annual industry and peers recognition program honoring best companies in every major industry from large to small and new startups in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America, Best New Products and Services, Best Innovations, Management and Teams, Women in Business and the Professions, Case Studies, Customer Satisfaction, and PR and Marketing Campaigns from all over the world. Learn more about Golden Bridge Awards at www.goldenbridgeawards.com.

Media ContactsU.S. Media ContactJacquelyn Daane10Fold Communications Jumio@10fold.com 415-800-5369

Europe Media ContactZarina BanuFleishmanHillard Fishburn zarina.banu@fhflondon.co.uk +44 (0) 7775 557578

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9189049e-2a7e-4ca7-a1c2-1daf6aaaddd3

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