PALO ALTO, Calif. — Jumio, the leading provider of AI-powered end-to-end identity verification and authentication solutions, today announced it won three Cybersecurity Excellence Awards. Jumio was named the gold winner in the AI security and fastest growing cybersecurity company (1,000-4,999 employees) categories, and the silver winner in the fraud prevention category. The annual award program honors individuals and companies that demonstrate excellence, innovation and leadership in information security.
Jumio was recognized for its record-breaking growth with nearly doubled revenues year-over-year and for Jumio Authentication, an AI-powered video-selfie authentication solution that was first in the market to leverage face-based biometrics for initial identity proofing and ongoing user authentication.
Jumio uses a unique hybrid approach of informed AI, machine learning, face-based biometrics, certified liveness detection and computer vision technologies to thwart fraud, simplify compliance and determine if users are who they claim to be. Scientists at Jumio’s AI Labs are developing deep learning models to improve identity verification accuracy and speed, which have reduced the average customer transaction time by more than 50%.
“AI is at the heart of Jumio’s business, and our team is dedicated to leveraging AI to help companies fight fraud,” said Robert Prigge, Jumio CEO. “We’re honored our efforts are validated by explosive company growth and distinguished recognition by the Cybersecurity Excellence Awards.”
This recognition follows on the heels of a momentous year for Jumio. In 2019, Jumio received 21 industry awards for innovation, cybersecurity and company growth, including being named one of Fast Company’s 50 Most Innovative Companies in the World, a 2019 Fortress Cyber Security Award winner for Authentication and Identity, a Best Place to Work by Business Intelligence Group, the Fastest Growing Cybersecurity Company in the 2019 Cybersecurity Excellence Awards and a winner of Business Intelligence Group’s 2019 Artificial Intelligence Excellence Awards.
“Congratulations to Jumio for being recognized as both a gold and silver winner in the 2020 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 400,000-member Information Security Community on LinkedIn that jointly produce the awards program. “With over 500 entries in more than 90 award categories, the 2020 awards are highly competitive and all winners truly reflect the very best in today’s cybersecurity industry.”
To learn more about Jumio and its award-winning end-to-end online identity verification and authentication solutions, visit jumio.com.
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification and authentication services that quickly and accurately connect a person’s online and real-world identities. Jumio’s end-to-end identity verification solutions fight fraud, maintain compliance and onboard good customers faster.
Leveraging advanced technology including informed AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps organizations meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 225 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.