Jumio Identity Verification Solutions and Services

Jumio offers a range of identity verification solutions and services designed to help businesses reduce friction and increase trust in their online interactions.

Jumio's AI-powered identity verification technology can verify identities in under 1 second, using a combination of document and biometric data.

Their solutions are used by businesses in various industries, including finance, e-commerce, and gaming, to name a few.

Readers also liked: B of a Mobile Banking App

Jumio automates the online identity verification process, preventing online identity fraud and identity theft.

Their technology uses AI and machine learning algorithms to quickly and accurately verify identities using various forms of identification.

Jumio offers a seamless user experience with real-time verification, reducing friction for customers.

Liveness detection is a feature that prevents fraudsters from using stolen identities.

To ensure compatibility with existing systems, it's essential to assess your business needs before considering Jumio for identity verification.

Verify accuracy rates, scalability, and ROI potential to make an informed decision.

A seamless user experience should be prioritized, and customer support quality should be evaluated as well.

Trial options should be considered, and feedback from other users can provide valuable insights before making a decision.

For more insights, see: Using Your Mobile Banking App You Can

Jumio's usability and performance are top-notch. It's designed to provide clarity on whether an ID document is legitimate or fake, making it a reliable tool for verification.

The clarity it provides is a huge time-saver, as you don't have to spend hours manually verifying documents.

Jumio's AI-powered technology can verify 1.5 billion identities per year, giving you a massive pool of customer data to work with.

This level of scale and accuracy allows businesses to gain a deeper understanding of their customers, including their behavior, preferences, and demographics.

With Jumio, you can also use machine learning to identify patterns and anomalies in customer data, helping you to make more informed business decisions.

Suggestion: Merchant Customer Exchange

Jumio customers span various industries, but some stand out for their adoption of Identity Verification And Protection. Fintech companies lead the way with 9 customers.

Technology and Sports Betting are close behind, each with 8 customers that use Jumio for Identity Verification And Protection. These industries recognize the importance of robust identity verification in their operations.

The diversity of Jumio's customer base is a testament to the versatility of its Identity Verification And Protection solutions.

Additional reading: Is Jumio Safe

Let's take a closer look at the geographies where our customers are based. The top three geographies of Jumio for identity-verification-and-protection are the United States.

The United States has the largest share of customers, accounting for 50% of Jumio's customer base, with a significant portion of 44.25%. The United Kingdom is a close second, with 27 customers, which translates to 23.89% of the total customer base.

Canada rounds out the top three, with 10 customers, making up 8.85% of Jumio's customer base.

Jumio Identity Verification's cutting-edge AI technology sets it apart from other similar products, ensuring swift and accurate document verification for businesses.

The seamless integration of Jumio with existing workflows is truly remarkable, allowing businesses to efficiently verify identities without disrupting their operations.

Its ability to maintain high accuracy and security levels is a major advantage, making it a top choice for companies prioritizing identity verification in their workflows.

The pricing structure of Jumio might be a barrier to entry for smaller businesses or startups with limited budgets, especially those with lower transaction volumes or tighter financial constraints.

To thoroughly evaluate Jumio Identity Verification, consider your business needs and budget constraints, and ensure the features and pricing align with your requirements and financial capabilities.

Take advantage of any trial or demo options to fully assess the product's performance and compatibility with your existing systems, and don't hesitate to reach out to Jumio's customer support team to address any specific questions or concerns.

Jumio has several competitors in the Identity Verification and Protection category. ID.me is a top competitor with a market share of 16.84%, followed by AWS Secrets Manager with 11.39% and Mitek with 7.74%.

ID.me has a large number of domains, with 1020 listed. In contrast, AWS Secrets Manager has only 690 domains. Jumio's competitors also vary in terms of market share, with Sumsub taking 6.60%, LifeLock with 4.57%, and IDEMIA with 4.46%.

Here's a list of Jumio's top competitors, including their market share and number of domains:

Jumio has some strong competitors in the Identity Verification and Protection category. ID.me is one of the top three competitors, with a market share of 16.84%.

ID.me has a large number of domains, with 1020 listed in the article section. This is a significant advantage, as it suggests that ID.me has a broader reach and more comprehensive coverage.

AWS Secrets Manager is another top competitor, with a market share of 11.39%. It has 690 domains listed, which is a notable presence in the market.

Mitek is also a significant player, with a market share of 7.74% and 469 domains listed. This suggests that Mitek has a strong foundation and a significant user base.

Here is a list of the top 5 competitors, along with their market share and number of domains:

These competitors offer a range of features and services, and it's worth exploring each one to see which one best meets your needs.

Jumio has faced its fair share of legal battles over the years.

The company's financial struggles led to a lawsuit against one of its backers, Eduardo Saverin, and other former executives for gross mismanagement of the company's finances. A spokesperson for Saverin stated that the lawsuit had "no merit."

In 2019, the Securities and Exchange Commission charged Mattes with defrauding investors, which he agreed to settle for over $17 million. Mattes had grossly overstated Jumio's revenue in 2013 and 2014 and then sold his personal shares to investors for $14 million, concealing these sales from the board.

Chad Starkey, the former CFO of Jumio, was also involved in Mattes's actions and was required to make a payment of approximately $420,000 as part of a settlement with the SEC.

Jumio is currently facing litigation from an Illinois resident who claims the company violated the state's Biometric Information Privacy Act (BIPA) by collecting and storing the biometric data of Binance customers.

Jumio Identity Verification Ratings are based on current data, which may differ from the data in reports and awards that express data as of their publication date.

Jumio Identity Verification Reviews highlight the tool's effectiveness in verifying ID documents, making it a good option for this purpose.

Product scores listed below represent current data, but may not reflect the data in older reports and awards.

It's worth noting that Jumio's Identity Verification tool has been praised for its ability to accurately verify ID documents, as stated in its reviews.

Jumio is a leading provider of AI-powered identity verification and authentication solutions.

The company was founded in 2010 by CEO Robert Capps and has since become a trusted partner for businesses looking to protect themselves from identity-based threats.

Headquartered in Palo Alto, California, Jumio serves a global customer base across various industries, including financial services, e-commerce, and online gaming.

Jumio's customer base is diverse in terms of company size. The majority of their customers for the identity-verification-and-protection category have between 1,000 and 4,999 employees.

Companies of this size are likely to have a more established presence and a need for robust identity verification and protection solutions.

The 1,000-4,999 employee range is the most common among Jumio's customers, with 27 companies falling into this category.

Additionally, 21 companies with 10,000+ employees also use Jumio's services.

Smaller companies with 20-49 employees also account for a significant portion of Jumio's customer base, with 21 companies in this category.

Jumio's ability to serve customers of all sizes is a testament to the flexibility and scalability of their solutions.

Jumio was founded in 2010 by Daniel Mattes and backed by notable investors.

The company has had a few leadership changes over the years, with Daniel Mattes resigning in 2015 after an internal board investigation.

Stephen Stuut took over as CEO in 2016, and Jumio filed for Chapter 11 in March of that year.

Jumio was subsequently acquired by Centana Growth Partners in May 2016, marking a significant turning point for the company.

The acquisition brought in new funding, as Jumio raised $15 million from Millennium Technology Value Partners and Centana Growth Partners in August 2016.

Jumio continued to grow and thrive, raising $150 million in March 2021 and earning recognition as the "Best Fraud Prevention Solution" by the 2023 Tech Ascension Awards.