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Palo Alto, Calif. — October 25, 2021 — Jumio, the main supplier of AI-powered end-to-end identification verification, eKYC and AML options, as we speak introduced the launch of an intuitive no-code orchestration layer for its KYX Platform that unifies a complete set of danger and fraud detection capabilities to deal with identification proofing, compliance verifications and AML use instances. Jumio pioneered the ID + selfie method to identification verification and is now considerably increasing its platform capabilities for enterprise prospects. The KYX Platform will now present multi-layered, end-to-end danger detection with versatile workflows, growing visibility by displaying a holistic view of the buyer identification and any underlying danger.
As fraudsters turn out to be more and more refined, companies are having to layer in numerous danger alerts from a number of distributors in an try to guard their ecosystems. The Jumio KYX Platform addresses these ache factors by enabling its prospects to orchestrate the controls and assurances wanted to know and belief their finish customers — all by way of a single API layer powered by AI and automation, attaining document excessive catch charges and low false positives.
“Jumio’s next-generation KYX orchestration platform reimagines the method from one-off authentication to holistic consumer recognition and verification,” mentioned Jumio CEO Robert Prigge. “Somewhat than treating all customers as potential threats, the platform places the enterprise buyer on the middle of the verification course of. This delivers a extra seamless consumer expertise that verifies client or worker knowledge coupled with enhanced authentication utilizing a doc resembling a government-issued ID.”
With the addition of an orchestration layer, Jumio’s platform leverages its best-in-class identification verification expertise to deal with as we speak’s market challenges brought on by the rampant theft of personally identifiable info (PII) through large-scale knowledge breaches. Jumio’s skill to shortly confirm and validate customers, through government-issued IDs and different knowledge sources and danger alerts, utterly differentiates the next-generation KYX Platform from different suppliers who depend on knowledge which have been compromised in breaches. The engine behind the platform permits enterprises to create customized danger and fraud workflows utilizing a no-code interface and presents a unified danger rating to supply a single end result throughout a number of danger checks.
“Our intent is to take the heavy lifting of fraud prevention out of the fingers of our prospects. By leveraging our KYX Platform, full with versatile workflows, no-code orchestration and multi-layered danger alerts, organizations can assess not solely the chance of the person, but additionally the gadgets related to them, the IDs they furnish and their facial biometrics — multi functional platform by way of a single API layer,” mentioned Bala Kumar, chief product officer of Jumio. “We wish to allow our prospects to deal with their major enterprise and go away the fraud prevention to us. We’re their first and strongest protection for bringing in useful prospects whereas conserving the dangerous actors out. Suspicious transactions will get pushed to our built-in case administration resolution so fraud and compliance analysts can shortly triage and resolve any points.”
Latam fintech pioneer, Rappi, is without doubt one of the first Jumio prospects to enroll in early entry to the next-generation Jumio KYX Platform.
“We’re excited to work with a platform that provides us the pliability so as to add knowledge sources, maximize conversions and optimize the consumer workflow and total buyer expertise,” mentioned Juan Pablo Ortega, Rappi co-founder. “This imaginative and prescient aligns and helps our growth ambitions and targets for the long run.”
Go to jumio.com/KYX to study extra.
About Jumio
When identification issues, belief Jumio. Jumio’s mission is to make the web a safer place by defending the ecosystems of companies by way of a unified, end-to-end identification verification, eKYC and AML platform. The Jumio KYX Platform affords a variety of identification proofing and AML companies to precisely set up, keep and reassert belief from account opening to ongoing transaction monitoring.
Leveraging superior expertise together with AI, biometrics, machine studying, liveness detection and automation, Jumio helps organizations combat fraud and monetary crime, onboard good prospects sooner and meet regulatory compliance together with KYC, AML and GDPR. Jumio has carried out greater than 400 million verifications spanning over 200 international locations and territories from real-time net and cellular transactions.
Based mostly in Palo Alto, Jumio operates globally with workplaces in North America, Latin America, Europe and Asia Pacific and has been the recipient of quite a few awards for innovation. Jumio is backed by Centana Progress Companions, Nice Hill Companions and Millennium Expertise Worth Companions.
For extra info, please go to www.jumio.com.
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