Jumio opens Brazil sales office; expects triple-digit Latam growth in 2019

Categories Biometrics News  |  Trade Notes

Jumio announced today that it has established a new sales office in Brazil to strategically serve the growing Latin American fintech, financial service and sharing economy markets and has appointed Samer Atassi as regional director to spearhead the company’s regional expansion.

Atassi, who has more than 25 years of experience in international sales, channel development and marketing management focused on the Latin America market, will focus on expanding Jumio’s client base, growing relationships with existing clients and cultivating a sustainable channel network. Atassi has worked at Network General, 3Com and NetScout Systems where he managed all aspects of the business in Latin America including strategic planning, sales forecasting and creating and educating the go-to-market strategy of the region.

“With more than 1,000 fintech startups and a large unbanked population estimated at 210 million in Latin America, we’re targeting Latam for its untapped market potential,” explained Harnish Patel, Jumio’s VP of Americas. “Jumio’s end-to-end verification solutions will reshape the region’s traditional banking landscape. These macro trends, coupled with Samer’s proven Latam track record, will justify the company’s investment in one of our most strategic geographies.”

Jumio’s expansion into the region began in August 2018 when Jumio SAS started operations in Barranquilla, Colombia. The operations center, which employs more than 400 identity professionals, was Jumio’s first Latin American office and is being leveraged to help verify government-issued IDs and identities of Jumio’s global customer base.

In the announcement, Jumio notes its growing number of Latin America customers including Kubo Financiero, BTG Pactual and Tecnología en Entretenimiento Caliplay. The company expects triple-digit Latam growth in 2019.

2019 InfoSec Awards winner

In other company news, Jumio has been named Market Leader in Compliance, Best Product in Biometrics and Best Product in Fraud Prevention by the 2019 InfoSec Awards. The InfoSec Awards by Cyber Defense Magazine is judged by CISSP, FMDHS and CEH-certified security professionals who vote based on independent review of the company data sheets, white papers, product literature and other market variables.

“This recognition validates the need for advanced identity verification solutions as cybercrime continues to gain momentum,” commented Stephen Stuut, CEO of Jumio. “By leveraging biometrics and AI to verify user identity, we are taking the necessary steps to fight online fraud and tackle security challenges.”

Jumio was recently named to Fast Company’s list of the World’s Most Innovative Companies for 2019 and last month launched a combined identity proofing ongoing authentication product for online transactions powered by FaceTec facial biometrics technology. Jumio’s 2018 customer count grew 60 percent and sales of its biometric identity verification solutions grew 70 percent year-over-year.

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