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Jumio Wins Gold for Enterprise Product of the Year – Security Software in Best in Biz Awards 2018

November 29, 2018

PALO ALTO, Calif., Nov. 29, 2018 (GLOBE NEWSWIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced it has been named a gold winner in the Enterprise Product of the Year – Security Software category in the Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America.

Jumio conducts almost 300,000 ID verifications per day and has verified more than 150 million global transactions to date. Jumio’s Netverify solution is the global leader in trusted identity as a service and combines ID Verification, Identity Verification and Document Verification to confirm the real-world identity of online consumers. Netverify verifies ID documents (e.g., driver’s licenses, passports and ID cards) issued by more than 200 countries and territories in real-time web. By leveraging advanced technology — including 3D liveness detection, biometric facial recognition, machine learning, artificial intelligence and human review — Jumio helps customers across various verticals re-establish trust online and meet regulatory compliance including Know Your Customer (KYC), Anti-Money Laundering (AML) and General Data Protection Regulation (GDPR).

“Enterprises are ripe targets for cyberthieves and it’s important that organizations have top-level security in place to ensure that they are keeping the fraudsters at bay while also providing an intuitive user experience for their customers,” said Stephen Stuut, CEO of Jumio. “We are honored to be recognized as the gold standard in security for enterprises and look forward to continuing to provide the infrastructure necessary for organizations to run successful, and secure operations.”

Each year, Best in Biz Awards’ entrants span the spectrum, from some of the most recognizable global brands to the most innovative local start-ups. The eighth annual program proved to be a particularly tough competition, garnering close to 700 entries from an impressive array of public and private companies of all sizes and from a variety of geographic regions and industries in the U.S. and Canada.

Since 2011, Best in Biz Awards winners have been determined based on scoring from independent judging panels deliberately composed each year of prominent editors and reporters from some of the most respected newspapers, TV outlets, and business, consumer, technology and trade publications in North America. Structured in this unique way, Best in Biz Awards is able to best leverage its distinguished judges’ unparalleled expertise, experience and objectivity to determine award winners from among the hundreds of entries. The 2018 judging panel included, among others, writers from Associated Press, Barron’s, Consumer Affairs, eWeek, Forbes, Healthcare Innovation News, Inc., Investment Advisor Magazine, MediaPost, New York Post, New York Times, Ottawa Citizen and Wired.

For a full list of gold, silver and bronze winners in Best in Biz Awards 2018, visit: http://www.bestinbizawards.com/2018-winners.

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 pillars of ID Verification, Identity Verification and Document Verification, businesses now have a complete solution that allows them to establish the real-world identity of the consumer.

Leveraging advanced technology including augmented AI, biometric facial recognition, machine learning and human review, Jumio helps organizations to meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 150 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, cryptocurrency, retail, travel and online gaming 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 Best in Biz AwardsSince 2011, Best in Biz Awards has made its mark as the only independent business awards program judged each year by a who’s who of prominent reporters and editors selected from top-tier publications from North America and around the world. Over the years, Best in Biz Awards judges have ranged from Associated Press to the Wall Street Journal and winners have spanned the spectrum, from blue-chip companies that form the bedrock of the world economy to local companies and some of the most innovative start-ups. Best in Biz Awards honors are conferred in two separate programs: North America and International, and in 70 categories, including company, team, executive, product, and CSR, media, PR and other categories. For more information, visit: http://www.bestinbizawards.com.

Media Contacts U.S. Media Contact Jacquelyn Daane 10Fold Communications jumio@10fold.com (734) 277-7006

Europe Media Contact Zarina Banu FleishmanHillard Fishburn zarina.banu@fhflondon.co.uk +44 (0) 7775 557578

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6d9edd74-a1e1-4c23-95ef-cc23e931e7f5

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