First-to-market video selfie authentication solution earns gold for fighting account takeover fraud, replacing passwords
PALO ALTO, Calif.--(BUSINESS WIRE)--Jumio, the leading provider of AI-powered end-to-end identity verification and authentication solutions, today announced Jumio Authentication was named a gold winner in the Hot AI Technology of the Year Category in the 15th Annual 2020 Network Products Guide IT World Awards. Jumio Authentication, the first-to-market video selfie authentication solution, was honored for its ability to prevent account takeover and online fraud by leveraging AI, facial biometrics and certified liveness detection to confirm a user’s digital identity.
Jumio uses a unique hybrid approach of AI, machine learning, and face-based biometrics to thwart fraud, simplify compliance and determine if users are who they claim to be. Launched in 2019, Jumio Authentication leverages a 3D face map to verify a user’s digital identity for online transactions in seconds, replacing passwords on any device. Jumio was the first solution provider to leverage biometrics for initial identity proofing and ongoing user authentication, protecting businesses from fraudsters while providing users an online experience that is fast, secure, accurate and easy to use.
“Earning gold for Hot AI Technology of the Year validates our efforts to stop fraudsters by giving enterprises the tools they need to verify the digital identities of their customers,” said Robert Prigge, CEO of Jumio. “As the COVID-19 pandemic has shifted business online, the need for digital identity verification has never been greater. By leveraging the power of AI, Jumio Authentication offers a more secure password alternative, granting only the real user access to their account and stopping fraudsters from logging in with stolen credentials.”
The IT World Awards are industry and peer recognitions from Network Products Guide honoring achievements in organizational performance, product and service innovations, hot technologies, executives and management teams, successful deployments, product management and engineering, customer satisfaction, and public relations in information technology and cyber security. Judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2020 award winners.
To learn more about Jumio and its award-winning end-to-end biometric identity verification 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 250 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.
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