- Id verification, threat evaluation, and compliance options firm Jumio has introduced an expanded strategic partnership with NextWealth.
- A knowledge companies supplier, NextWealth will present identification verification companies and handle again workplace operations for Jumio.
- A Better of Present winner and Finovate alum since 2013, Jumio has processed a couple of billion transactions spanning 200+ international locations and territories.
Id verification and compliance options supplier Jumio has expanded its strategic partnership with information companies supplier NextWealth. The transfer comes as the danger evaluation firm seeks so as to add to its capability to fight more and more refined fraud and monetary crime challenges. By way of the improved relationship, NextWealth will present identification verification companies for Jumio. This may embody taking the lead function in again workplace operations for Jumio as the corporate seems to be to scale its enterprise, whereas offering the identical degree of safe service.
“Now greater than ever, when our automation and high quality charges have reached report ranges, partnering with NextWealth permits us to concentrate on our core enterprise and know-how targets and help our clients wherever they do enterprise throughout the globe,” Jumio Chief Expertise Officer Stuart Wells defined.
NextWealth CEO Mythily Ramesh mentioned that the expanded partnership would “additional cement our place as one of many largest, pure play, AI/ML-driven information companies gamers within the nation.” Based in 2009, the Bengaluru, India-based firm serves companies in fintech, e-commerce, healthcare, and different verticals. With seven facilities in 4 states, NextWealth delivers greater than 300 million information transactions.
A Finovate Better of Present winner and long-time alum, Jumio has processed a couple of billion transactions from 200+ international locations and territories. With its Jumio KYX Platform, the Sunnyvale, California-based firm gives superior identification proofing, threat alerts, and compliance instruments that assist companies set up and preserve buyer belief. Jumio leverages all kinds of enabling applied sciences – together with automation, biometrics, AI, machine studying, liveness detection, and no-code orchestration – to allow its purchasers to higher cope with the evolving nature of monetary crime.
Final month, Jumio was named a Consultant Vendor within the Gartner Market Information for Id Verification for a fifth consecutive time. Earlier this yr, the corporate cast partnerships with Philippines-based Java developer Exist Software program Labs, and composable frontend platform firm Modyo.
Picture by Avinash Patel