U.S. Markets open in 3 hrs 25 mins

Jumio Authentication Wins Gold for Software Security Enterprise Product of the Year in 2019 Best in Biz Awards

PALO ALTO, Calif.--(BUSINESS WIRE)--

Earning its fifth industry honor of 2019, Jumio Authentication recognized for its superior ability to fight fraud and prevent account takeover attacks

Jumio, the leading AI-powered trusted identity as a service provider, today announced its Jumio Authentication solution was named a Gold winner of the 2019 Best in Biz Awards in the Enterprise Product of the Year, Security Software category. Judged by prominent editors and reporters from top-tier publications in North America, Jumio Authentication, the first-to-market video selfie authentication solution, was honored for its ability to prevent account takeover and fraud by leveraging facial biometrics.

Jumio uses a unique hybrid approach of augmented intelligence, AI, machine learning, face-based biometrics, certified liveness detection and computer vision technologies to thwart fraud, simplify compliance and determine if users are who they claim to be. Launched in February 2019, Jumio Authentication leverages a 3D face map to verify a user’s digital identity for online transactions in seconds, replacing passwords on any device. Jumio Authentication is the first to leverage biometrics for initial identity proofing and ongoing user authentication, protecting businesses from fraudsters while providing users an online experience that is fast, secure, accurate and easy to use.

“The overwhelming amount of data breaches and continued increase in account takeover fraud in 2019 make one thing abundantly clear: traditional authentication methods, such as passwords and knowledge-based authentication, are no longer secure and have become a glaring threat to enterprise security,” said Robert Prigge, CEO of Jumio. “It’s time for companies with a digital presence to adopt biometric authentication solutions to protect their users and online ecosystem from digital identity fraud by reliably verifying a user’s digital identity matches their physical identity.”

With more than 700 entries, the ninth annual Best in Biz Awards attracted a record number of entries from an impressive array of public and private companies of all sizes and spanning all geographic regions and industries in the U.S. and Canada. The 2019 judging panel included, among others, writers from Accounting Today, AdWeek, Associated Press, Barron’s, Consumer Affairs, eWeek, Healthcare Innovation News, Inc., Investment Advisor Magazine, USA Today and Wired.

“It seems to get harder each year to select the best of the best in Best in Biz Awards,” said Mark Huffman, Consumer Affairs, returning to judge Best in Biz Awards for the sixth year. “As a consumer reporter, it is particularly gratifying to me to see so many businesses striving to enhance the customer experience.”

This recognition adds to an already momentous year for Jumio. This year alone, Jumio has received 21 industry awards for innovation, cybersecurity and company growth, including being named one of Fast Company’s 50 Most Innovative Companies in the World, a 2019 Fortress Cyber Security Award winner for Authentication and Identity, a Best Place to Work by Business Intelligence Group, the Fastest Growing Cybersecurity Company in the 2019 Cybersecurity Excellence Awards and a winner of Business Intelligence Group’s 2019 Artificial Intelligence Excellence Awards.

To learn more about Jumio and its award-winning end-to-end biometric identity verification solutions, visit jumio.com.

About Jumio

When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through cutting-edge online identity verification and authentication services that quickly and accurately connect a person’s online and real-world identities. Jumio’s end-to-end identity verification solutions fight fraud, maintain compliance and onboard good customers faster.
Leveraging advanced technology including augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps organizations meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 200 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.

About Best in Biz Awards

Since 2011, Best in Biz Awards has maintained its premier status as the only independent business awards program judged by a who’s who of prominent reporters and editors from top-tier publications from North America and around the world. Over the years, Best in Biz Awards judges have ranged from Associated Press to the Wall Street Journal and winners have spanned the spectrum, from blue-chip companies that form the bedrock of the world economy to local companies and some of the most innovative start-ups. Each year, Best in Biz Awards honors are conferred in two separate programs: North America and International, and in 80 categories, including company, team, executive, product, and CSR, media, PR and other categories. For more information, visit: http://www.bestinbizawards.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191204005236/en/