Jumio Returns to REGTECH100 for Second Consecutive Year

“…the number of candidates nominated for this year’s REGTECH100 had nearly doubled over last year, reaching 824 – a sign of the vitality of this market area in the wake of major new regulations such as the European Union’s GDPR and PSD2 rules.”

The industry accolades continue for Jumio, with the company making the REGTECH100 list for the second year in a row.

Compiled by FinTech Global, the unranked listing is meant to be a roundup of the most innovative solutions providers in the financial services regulatory technology space. And in announcing its listing, Jumio pointed out that the number of candidates nominated for this year’s REGTECH100 had nearly doubled over last year, reaching 824 – a sign of the vitality of this market area in the wake of major new regulations such as the European Union’s GDPR and PSD2 rules.

Jumio was of course recognized for its Netverify solution, which revolves around the use of facial recognition and document reading technologies to remotely confirm end users’ identities. The solution has proven enormously popular, with Jumio having recently reported a 130 percent year-over-year increase in sales for the first three quarters of this year.

Commenting on the latest REGTECH100 listing, Jumio CEO Stephen Stuut called it “further validation of our continuous innovation in next-generation digital identity verification,” adding, “It recognises the benefits of pioneering augmented intelligence, machine learning and deep learning algorithms to better identify fraudulent IDs and expedite the verification process.”