Jumio offers an AI-powered platform for identity verification and AML screening, streamlining customer onboarding and ensuring regulatory compliance. It uses biometrics, machine learning, and extensive identity data to detect fraud and provide continuous identity intelligence for secure decision-making.
Funding
$150M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face increasing challenges in securely onboarding new customers and complying with evolving Anti-Money Laundering (AML) regulations. Traditional identity verification methods can be cumbersome, leading to user friction and potential fraud, while sophisticated cyber threats necessitate advanced fraud detection capabilities.
Solution
Jumio provides an AI-powered identity verification and AML screening platform designed to streamline customer onboarding and ensure regulatory compliance. The platform leverages advanced biometrics, machine learning, and a vast network of identity data to detect fraud and provide continuous identity intelligence. This enables businesses to make faster, more secure decisions throughout the customer lifecycle, from initial onboarding to ongoing monitoring. Jumio's integrated approach aims to balance robust fraud prevention with a positive user experience, helping organizations maintain trust and mitigate financial crime risks.
Target Audience
Jumio serves businesses across various sectors, including financial services, gaming, sharing economy, healthcare, travel, and telecommunications, that require robust identity verification, fraud detection, and AML/KYC compliance solutions.
Features
- AI-driven identity verification utilizing biometrics and liveness detection to prevent spoofing and deepfake attacks.
- Automated AML screening against global sanctions, PEP lists, and adverse media for compliance.
- Document analytics with OCR for data extraction and fraud checks on government-issued IDs and secondary documents.
- Cross-transaction risk assessment leveraging a network of identities to identify patterns of trusted and fraudulent behavior.
- Real-time risk signals and ongoing monitoring capabilities with configurable alerts.
- Omnichannel integration support via Web Client, Web SDK, Mobile SDKs (iOS/Android), and REST APIs.
- Platform technology offering workflow orchestration, a rules engine, and an analytics dashboard for managing fraud and compliance.
- Support for over 5,000 global ID types and extensive global data sources.