Jumio KYX Platform Awarded Best Fraud Prevention Solution in 2023 Tech Ascension Awards
Jumio, a leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today announced its recognition as the “Best Fraud Prevention Solution” by the 2023 Tech Ascension Awards.
Jumio was honored for its KYX Platform, which enables leading organizations to accurately establish, maintain and reassert customer trust from account opening to ongoing monitoring. The Jumio KYX Platform combines the power of AI, biometrics, machine learning, liveness detection and automation to help organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance mandates.
“With new tools like generative AI easily accessible to fraudsters, financial organizations and businesses of all kinds are facing an increased risk of fraud. The Jumio KYX Platform provides businesses with the most comprehensive coverage to prevent the newest and most complex forms of fraud, while streamlining the user experience,” said Robert Prigge, CEO of Jumio. “This win further validates Jumio’s commitment to putting an end to global fraud and building a more trustworthy digital world.”
The Tech Ascension Awards recognize the very best innovations in financial technology. Applicants were based on technology innovation, market research, and competitive differentiators. The class-leading vendors that received recognition from the Tech Ascension Awards showcased technology that solves critical industry challenges and produces invaluable business outcomes for their customers.
“As AI, cloud, and interoperability serve as the new driving forces shaping the financial landscape, we’re honored to recognize these leaders in innovation,” said David Campbell, CEO of the Tech Ascension Awards. “We look forward to continuing to recognize companies that hold the power to transform the financial landscape for the better, driving advancements that improve accessibility, security, and simplified experiences for users.”
To learn more about Jumio and its award-winning, AI-powered solutions, visit jumio.com.
Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio KYX Platform provides advanced identity proofing, risk signals and compliance solutions that help you accurately establish, maintain and reassert trust.
Leveraging powerful technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps you fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.
Based in Sunnyvale, Jumio operates globally with offices and representation in North America, Latin America, Europe, Asia Pacific and the Middle East and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
The Tech Ascension Awards elevate companies that possess cutting-edge, innovative technology that solve critical challenges in their respective markets. Tech Ascension winners rise above the crowded consumer and enterprise technology industries and receive validation from an independent organization. Applicants are judged based on technology innovation and uniqueness, market research (analyst reports, media coverage, customer case studies), hard performance stats, and competitive differentiators. The awards recognize leaders in cybersecurity, DevOps, big data and consumer technology. For information about the Tech Ascension Awards, please visit www.techascensionawards.com.