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Jumio acknowledged by Frost & Sullivan

Categories Biometrics News  |  Trade Notes

Jumio has been awarded “Entrepreneurial Company of the Year” in the biometric security solution industry by Frost & Sullivan.

Frost & Sullivan concluded that the digital ID verification company’s entrepreneurial spirit drives it to continuously launch advanced solutions that will transform and enrich the customer experience while reducing identity fraud faced by most businesses in the digital world.

Jumio’s Netverify Trusted Identity as a Service platform is an advanced ID verification solution that combines proprietary computer vision technology with biometric facial recognition, advanced machine learning algorithms and identity experts to link the digital identity of the ID owner to the physical identity.

“Netverify stands out due to its multi-authentication process and ability to function seamlessly in a digital environment,” explained Nandini Bhattacharya, industry manager, Frost & Sullivan.

Earlier this month, Jumio issued its Q2 2017 financial results, which saw an 87 percent spike in sales compared to Q2 2016 due to large sales to major US banks, cryptocurrency exchanges, and payment platforms.

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