Jumio in 2019 REGTECH100 list for second consecutive year

KUALA LUMPUR: Jumio Corp, an AI-powered trusted identity as a service provider, has been chosen as one of REGTECH100’s most innovative companies for the second consecutive year.

FinTech Global, a Londonbased FinTech publication is behind the REGTECH100. The REGTECH100 is an annual list of 100 of the world’s most innovative RegTech companies, according to a statement.

The selected companies were recognised and commended for their innovative use of technology to generate efficiencies and performance enhancements across the compliance function with financial institutions.

REGTECH100 honoured Jumio and its innovative Netverify® solution for enabling financial institutions to reliably verify their online customers, defend against fraud and meet growing compliance mandates.

Jumio uses a combination of biometrics, computer vision, machine learning, AI and verification experts to verify ID credentials issued in 220 countries and territories and better protect the ecosystems of its business customers.

Chief executive officer of Jumio, Stephen Stuut said this is further validation of their continuous innovation in next-generation digital identity verification.

“It recognises the benefits of pioneering augmented intelligence, machine learning and deep learning algorithms to better identify fraudulent IDs and expedite the verification process,” Stuut added.

Analysts and industry experts chose winners from a list of 824 candidates worldwide – nearly double the number of companies considered last year, highlighting the rapid growth and competitive nature of the RegTech industry. — Bernama