Jumio’s identity verification and authentication solutions honored at SBC Awards, $10,000 donation for Movember
Jumio has been recognized as Fraud & Compliance Solution of the Year at the 2019 SBC Awards for delivering end-to-end biometric identity verification and authentication solutions for gambling and gaming companies to reach KYC and AML compliance, prevent fraud and ensure seamless customer onboarding, the company announced.
One of the most sought-after industry awards, according to the announcement, the SBC Awards acknowledge top performance not only in gaming, but also in payments, marketing, platform providers and data, receiving a high number of applicants.
Jumio says its solution has been adopted by nine of the 10 global operators, assisting them with online age and identity verification guidelines issued by the UK Gambling Commission. AI, biometrics and computer vision technologies in its portfolio have helped improve customer experience and fraud detection in new account creation process, or when deposits or payouts are made which reduced abandonment and player churn.
“We are quite honored to receive this SBC Award because it speaks to our continuing commitment to help gaming and betting sites verify player age, improve sign-up rates and beat cybercriminals with easy KYC,” said Simon Winchester, Jumio’s vice president of EMEA sales. “We are extremely proud of the long-term relationships we have with our gaming customers. The biggest testament to our identity solutions is the number of top gaming operators that recommend us to others year after year.”
Under jurisdictional licensing requirements, gaming companies leverage ID and identity verification solutions from Jumio combined with biometric facial authentication to confirm customer identity.
In its newly released Holiday Fraud Report, Jumio says fraud levels have more than doubled globally over the past five years, with China, Hong Kong, and Indonesia leading in online and mobile fraud. Increased fraud levels were found in the cryptocurrency and online gaming/gambling industries, while the most reported fraud cases in the U.S. were linked to card use in retail banking, consumer tech, telecom and airline sectors.
Jumio has donated $10,800 to Movember Foundation which raises funds for men’s health. The company donated $100 for every employee in a mustache authentication contest. Jumio employees from offices across multiple countries joined the challenge and went through the biometric-based Jumio Authentication process with both facial hair and without to establish digital identity.
“I am so proud that employees across the globe, representing every department throughout the organization, stepped up to support Movember men’s health initiatives,” said Jumio CEO Robert Prigge. “Movember is cause that’s easy to rally behind — it has had a personal impact on almost all of us in some capacity and we are thrilled to make this donation on behalf of our company and employees.”