JUMIO ACQUIRES 4STOP, REDEFINING END-TO-END IDENTITY INDUSTRY

KUALA LUMPUR, Dec 8 (Bernama) -- Jumio, the leading provider of AI-powered end-to-end identity orchestration, eKYC and AML solutions, has announced acquisition of current strategic partner 4Stop, the leading data marketplace and orchestration hub for KYB, KYC, compliance and fraud prevention.

The addition of 4Stop’s data sources to the Jumio KYX Platform realises Jumio’s strategic vision of redefining the end-to-end identity industry.

Founded in Germany in 2016, 4Stop’s global data marketplace and orchestration hub integrates with multiple vendors giving access to more than 650 data sources across 195 countries.

4Stop’s technology, when combined with Jumio’s award-winning solutions, will enable organisations to manage the entire customer identity lifecycle within a single, unified platform and allow for rapid configuration and integration through one easy and intuitive API layer.

This acquisition follows the launch of Jumio’s intuitive no-code orchestration layer for its KYX Platform and will accelerate Jumio’s business and technology objectives to solidify itself as the leader in digital identity orchestration. Financial terms of the agreement, expected to close early 2022, were not disclosed.

“Today’s pace and sophistication of cybercrime means organisations cannot afford to rely on multiple vendors for their identity verification and fraud prevention needs,” said Jumio CEO Robert Prigge based on a statement.

“There’s no way around it: a successful identity company must now have KYC, AML, KYB and orchestration. Together, 4Stop and Jumio’s solutions will offer this and more, delivering a complete, end-to-end approach to identity orchestration and fraud prevention.”

Ingo Ernst, 4Stop CEO said: “We are very excited for the opportunity to join forces with Jumio to build and perfect crucial next-generation identity and anti-fraud solutions to support the growth of global online ecosystems.”

Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific.

For more information, visit www.jumio.com.

-- BERNAMA