Sales of Jumio’s biometric identity verification solutions increase 70 percent in 2018

Categories Biometrics News  |  Trade Notes
Sales of Jumio’s biometric identity verification solutions increase 70 percent in 2018

Jumio reports that its 2018 customer count grew 60 percent and sales grew 70 percent year-over-year. According to the announcement, this continued company momentum speaks to significant market opportunity and demand for biometrics-based identity verification technology and Jumio’s ability to help enterprise clients verify that a new visitor is who they claim to be.

“2018 was a tremendous year for Jumio and it’s been fueled by a number of factors including a steady barrage of high-profile data breaches, dwindling confidence in traditional forms of verification including two-factor authentication and knowledge-based authentication, and our expansion into Asia Pacific,” explains Stephen Stuut, CEO of Jumio. “There is also a direct connection between a successful 2018 and Jumio’s continued investment in AI, machine learning and augmented intelligence — we were able to improve our own identity verification offerings and make them faster and even more accurate.”

2018 was a significant year for Jumio as the identity as a service provider surpassed the 150 million identities verified benchmark, added FaceTec’s ZoOm 3D Face Liveness Detection to its online identity verification suite, launched the Montreal-based Jumio AI Labs, opened a Singapore office and hired several new executives to strengthen its leadership team and support its aggressive growth objectives.

In November Jumio was selected as one of RegTech100’s most innovative companies for the second consecutive year.

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