How they describe themselves: Jumio is the global leader in online identity verification and enables businesses to increase customer conversions, reduce fraud, and meet compliance mandates (KYC, AML and GDPR). By combining the three core solutions of ID Verification, Identity Verification and Document Verification, organizations have a complete solution that allows them to establish the real-world identity of the consumer.
Jumio leverages advanced technologies including biometrics, machine learning, artificial intelligence, computer vision and human review, to quickly verify online consumers across 200 countries. Jumio’s solutions are used by leading companies in the financial services, sharing economy, online gaming, cryptocurrency, e-commerce, and travel sectors.
How they describe their product/innovation: Netverify Identity Verification helps companies ensure the person behind a transaction is “present” and whom they say they are. Netverify Identity Verification compares a selfie to the picture on the ID supplied. The solution starts by verifying that a government-issued ID (e.g., driver’s license, passport, etc.) is authentic and has not been manipulated. Next, Netverify requires the online user to take a selfie via their smartphone. Netverify incorporates liveness detection to ensure that the consumer is physically present by following a bouncing ball on their smartphones. Lastly, the selfie image is compared to the picture in the government-issued ID to ensure there’s a clear match.
Product distribution strategy: Direct to Business (B2B)
Bus. Dev. & Press: Frederic Ho, VP AsiaPac, email@example.com