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Jumio Works With Microsoft On ID Verification

Jumio, which provides AI-powered end-to-end services, is working with Microsoft to help roll out its new Azure Active Directory (Active AD) verifiable credentials, which will help with faster onboarding, a press release says. Azure AD is now available for public preview, and Microsoft has collaborated with identity verification providers in order to get better verifiability and information exchange. With verifiable credentials,...

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Jumio CEO: Helping FIs Solve Digital Identity’s ‘Last Mile’ Problem

As so much of daily life and transactions move online, the digital-first economy is not without its new challenges. For example, the problem of identity theft is widespread — and to get a sense of scale, the Federal Trade Commission (FTC) has estimated that last year, nearly 1.4 million people reported having their identity stolen, a level about twice what had been seen in 2019. Much of that, perhaps not all that surprisingly, was...

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Today In Payments Around The World: Jumio Notches $150 Million; Nuvemshop Raises $90 Million

In today’s top payments news around the world, Jumio has secured a $150 million investment from Great Hill Partners, while Nuvemshop has raised $90 million in funding. Plus, MobiKwik of India is reportedly looking to go public. Jumio Lands $150 Million To Expand Digital ID Verification, AML Compliance Jumio said Tuesday (March 23) that it has notched a $150 million infusion from Great Hill Partners. The funding comes on the heels of...

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Today In Payments: Banks Wary As Fed And MIT Prep Digital Currency Report; Jumio Lands $150 Million

In today’s top news, Boston’s Federal Reserve and MIT could reveal digital dollar prototypes this summer, and Jumio raised $150 million to expand its digital identity and anti-money laundering (AML) tools. Plus, DoorDash will now deliver COVID-19 testing kits to consumers at home. Banks Wary As Fed And MIT Prep Digital Currency Initiative The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology could unveil...