Jul 10, 2018 PRESS RELEASES Comments Off on Jumio Records Best Sales Quarter in Company History, Fueled by Q2 Growth in Asia Pacific
PALO ALTO, Calif., July 10, 2018 (GLOBE NEWSWIRE) — Jumio, the leading AI-powered trusted identity as a service provider, today announced its best sales quarter in company history, ending June 30, 2018, representing a 269 percent increase in sales over the same quarter last year. The results were fueled by record sales growth in the Asia Pacific region, which grew 531 percent over the previous quarter.
“We’re thrilled that within three months of opening our Singapore office, Asia Pacific has already generated so much in sales and has seen such wide adoption,” said Steve Stuut, CEO of Jumio. “This type of immediate market traction speaks to the opportunity this region represents and the untapped potential, especially within financial services, enterprise and e-commerce markets.”
The emerging need for reliable digital identity verification, coupled with increasingly stringent data protection and privacy regulations (e.g., GDPR and California Consumer Privacy Act) and the growing realization that traditional authentication methodologies are no longer effective or secure, has caused companies to explore the identity-verification-as-a-
According to a market study by McKinsey, the emerging identity-verification-as-a-
Increased awareness and familiarity with identity verification has helped fuel Jumio’s continued momentum as the company reports its strongest quarter in company history, including these notable milestones:
For live demonstrations of the Netverify ID, Identity and Document Verification solutions, visit Jumio at the iGB Live show (Stand T7) this month in Amsterdam.
When identity matters, trust Jumio. Jumio is the creator of Netverify® which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core pillars of ID Verification, Identity Verification and Document Verification, businesses now have a complete solution that allows them to establish the real-world identity of the consumer.
Leveraging advanced technology including augmented AI, biometric facial recognition, machine learning, and human review, Jumio helps organizations to meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 120 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, cryptocurrency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in the US, 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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+44 (0) 7775 557578
A photo accompanying this announcement is available at http://www.globenewswire.com/
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