​JUMIO REPORTS LARGEST SALES QUARTER IN COMPANY HISTORY

Q3 highlights include the acquisition of Beam Solutions’ AML platform, the launch of the Jumio KYX Platform and the highest number of identity verification scans processed PALO ALTO, Calif., Oct 15 (Bernama-BUSINESS WIRE) -- Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced the largest sales quarter in the company’s history, ending September 30, 2020. Jumio also set an all-time record for verification transactions processed thanks to accelerated digital transformation efforts by key customers in the banking, financial services, healthcare and education sectors. In addition to record sales and record volumes, the company also acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring, case management and AML screening. Beam’s suite of AML solutions will further strengthen the company’s position in the anti-financial crime marketplace and provide organizations in regulated industries a complete end-to-end compliance platform. “Jumio’s monumental growth is a testament to our mission to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification, KYC and AML monitoring services,” said Robert Prigge, Jumio CEO. “We are excited to harness this quarter’s momentum and the Beam acquisition to fuel our next stage of growth as we help organizations know and trust their online customers.” http://mrem.bernama.com/viewsm.php?idm=38411