Jumio completes 4Stop acquisition
By Edlyn Cardoza
Jumio, the leading provider of AI-powered end-to-end identity orchestration, eKYC and AML solutions, recently announced the completion of its acquisition of 4Stop, a leading data marketplace and orchestration hub for KYB, KYC, compliance, and fraud prevention.
4Stop’s hub integrates with multiple vendors giving access to more than 650 data sources across 195 countries. When combined with Jumio’s solutions, this technology will enable organizations 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. They’ll also have an integrated and comprehensive view of their entire system, ensuring superior monitoring and risk management.
“Jumio is once again disrupting the entire identity industry and redefining what modern organizations need in order to provide complete customer lifecycle management,” said Robert Prigge, Jumio CEO. “We are thrilled to complete this acquisition and welcome 4Stop to the Jumio family.”
Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through unified, end-to-end identity verification, eKYC and AML platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.
Leveraging advanced technology including AI, biometrics, machine learning, liveness detection and automation, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance, including KYC, AML and GDPR. The Company has carried out more than 500 million verifications spanning over 200 countries and territories from the real-time web and mobile transactions.
Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe, and the Asia Pacific and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
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September 22, 2023
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