Jumio Launches End-to-End Orchestration for its KYX Platform to Deliver Holistic View of Consumer Identities and Risk
Next-generation platform combines digital identity proofing, compliance verification and anti-money laundering checks at scale to ensure smooth business operations and unmatched user experience
Jumio, the leading provider of AI-powered end-to-end identity verification, eKYC and AML solutions, today announced the launch of an intuitive no-code orchestration layer for its KYX Platform that unifies an entire set of risk and fraud detection capabilities to address identity proofing, compliance verifications and AML use cases. Jumio pioneered the ID + selfie approach to identity verification and is now significantly expanding its platform capabilities for business customers. The KYX Platform will now provide multi-layered, end-to-end risk detection with flexible workflows, increasing visibility by showing a holistic view of the consumer identity and any underlying risk.
Marketing Technology News: 10 Korean Digital Content Companies to Participate in ‘Mobilefest 2021,’ Biggest ICT Exhibition in…
“This vision aligns and supports our expansion ambitions and goals for the future.”
As fraudsters become increasingly sophisticated, businesses are having to layer in countless risk signals from multiple vendors in an attempt to protect their ecosystems. The Jumio KYX Platform addresses these pain points by enabling its customers to orchestrate the controls and assurances needed to know and trust their end users — all through a single API layer powered by AI and automation, achieving record high catch rates and low false positives.
“Jumio’s next-generation KYX orchestration platform reimagines the process from one-off authentication to holistic user recognition and verification,” said Jumio CEO Robert Prigge. “Rather than treating all users as potential threats, the platform puts the business customer at the center of the verification process. This delivers a more seamless user experience that verifies consumer or employee data coupled with enhanced authentication using a document such as a government-issued ID.”
Marketing Technology News: MarTech Interview with Michael O’Connell, VP Marketing at AnyRoad
With the addition of an orchestration layer, Jumio’s platform leverages its best-in-class identity verification technology to address today’s market challenges caused by the rampant theft of personally identifiable information (PII) via large-scale data breaches. Jumio’s ability to quickly verify and validate consumers, via government-issued IDs and other data sources and risk signals, completely differentiates the next-generation KYX Platform from other providers who rely on data that have been compromised in breaches. The engine behind the platform allows enterprises to create custom risk and fraud workflows using a no-code interface and presents a unified risk score to provide a single outcome across multiple risk checks.
“Our intent is to take the heavy lifting of fraud prevention out of the hands of our customers. By leveraging our KYX Platform, complete with flexible workflows, no-code orchestration and multi-layered risk signals, organizations can assess not only the risk of the individual, but also the devices associated with them, the IDs they furnish and their facial biometrics — all in one platform through a single API layer,” said Bala Kumar, chief product officer of Jumio. “We want to enable our customers to focus on their primary business and leave the fraud prevention to us. We are their first and strongest defense for bringing in valuable customers while keeping the bad actors out. Suspicious transactions will get pushed to our integrated case management solution so fraud and compliance analysts can quickly triage and resolve any issues.”
Marketing Technology News: EasyBom Aspires to Become the Most Intelligent Search Engine