Jumio sales grow 45 percent in Q2 as regulations drive remote biometric onboarding

Jumio has announced a 45 percent increase in sales over the same quarter a year ago in its Q2 2019 earnings report, as global adoption of eKYC and AML regulations continue to enable more financial institutions to onboard new customers remotely with biometrics and other technologies. Company highlights include new customers, partnerships, and industry recognition.

Customers implementing Jumio’s biometric technology in the quarter include BTG Pactual, Bank ABC, and Novibet. Nok Nok Labs partnered with Jumio to provide an integrated biometric account recovery solution, and TruNarrative added Jumio’s technology to its financial crime platform.

The company also won the 2019 Fortress Cyber Security Award for Authentication and Identity, and a pair of Stevie Awards from the American Business Awards. Shortly after its last earnings report, the company published the Jumio Global Trust and Safety Survey.

Jumio also reported a 60 percent jump in revenue in the first quarter of this year.

“This Q2 growth demonstrates how our focus on verification accuracy, speed and innovation is helping us meet the needs of modern enterprises who now, more than ever, need a reliable means of proving that someone is who they claim to be online,” comments Robert Prigge, Jumio president. “An ever-growing number of consumers are opening new accounts on mobile devices, which is accelerating eKYC initiatives and making Jumio’s identity verification solutions an indispensable ingredient to the onboarding process.”

Article Topics

biometrics  |  financial results  |  identity verification  |  Jumio