Jumio has been recognized as a Representative Vendor by Gartner’s Market Guide for Identity Proofing and Corroboration for the second straight year.
Jumio, a provider of biometric and artificial intelligence-enabled trusted identity as a service was recognized by the report from a field of several other providers of identity proofing and corroboration.
The Guide states that “(u)nrelenting breaches of personal data, as well as usernames and passwords, continue. Given this trend and emerging attack vectors such as synthetic identity fraud, enterprises must move to continuous, risk-based assessment of any claimed identity, both at the establishment of a relationship and in every subsequent interaction.”
The Guide also emphasizes that “the reliance on static data, public records or credit bureau data alone to either establish or substantiate trust in an identity is no longer simply unadvisable; it has become negligence.”
Jumio leverages augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review to definitively establish the digital identity of their customers, and offers a viable alternative to knowledge-based verification and authentication methodologies.
“Unfortunately, knowledge-based authentication is still an integral part of many remote identity verification and authentication processes,“ said Robert Prigge, Jumio president. “We see that Gartner recommends the identity proofing solutions that rely on shared secret verification, such as out-of-wallet knowledge questions, or memorable personal data, be phased out. Modern enterprises now have a viable, more secure alternative to KBA with biometric-based identity verification and user authentication.”
Jumio has been the recipient of multiple industry awards, including being recently named as the Leader in Authentication and Most Innovative in Biometrics at the 2019 Global Cyber Defense Awards, and receiving a Silver Medal at the 2019 Golden Bridge Awards.