Jumio acquires 4Stop, redefining end-to-end identity
KOLN, Germany, December 07, 2021 (GLOBE NEWSWIRE) – Jumio, the leading provider of end-to-end identity orchestration solutions based on AI, eKYC and AML, today announced the acquisition of its current strategic partner 4Stop, the market leader in data and orchestration hub for KYB, KYC, compliance and fraud prevention. The addition of 4Stop’s data sources to the Jumio KYX platform realizes Jumio’s strategic vision to redefine the end-to-end identity industry.
Founded in Germany in 2016, 4Stop’s global data marketplace and orchestration hub integrates with multiple vendors, providing access to over 650 data sources in 195 countries.
4Stop’s technology, when combined with award-winning solutions from Jumio, will enable organizations to manage the entire customer identity lifecycle with a single, unified platform and enable rapid setup and integration. via a simple and intuitive API layer.
This acquisition follows the launch of Jumio’s intuitive codeless orchestration layer for its KYX platform and will accelerate Jumio’s business and technology goals to solidify as a leader in digital identity orchestration. Financial terms of the deal, which is expected to be finalized in early 2022, were not disclosed.
âThe current pace and sophistication of cybercrime means that organizations cannot afford to rely on multiple vendors for their identity verification and fraud prevention needs,â said Robert Prigge, CEO of Jumio . âThere’s no getting around this: A successful identity business now needs to have KYC, AML, KYB, and orchestration. Together, the 4Stop and Jumio solutions will deliver this and more, providing a comprehensive, end-to-end approach to identity orchestration and fraud prevention. Not only will customers be able to rely on a single system for all their identity and fraud prevention needs, but they will also have an integrated and comprehensive view of their entire system, ensuring monitoring and management of higher risks. “
4Stop’s Global Data and Risk Marketplace combines its proprietary real-time anti-fraud technology with the widest selection of premium global data services for identity, transactions and compliance available in one selection model. Businesses can confidently anticipate and manage their defense against risk and fraud, regardless of region, market or industry globally, and make informed decisions informed by quantifiable data to manage regulatory obligations that will speed up their business performance.
â4Stop’s passion has always been to establish a modern, end-to-end and versatile data and risk management platform to better serve the global compliance and fraud defenses of enterprises. Our online ecosystem and our regulations are constantly evolving. Businesses need to adapt quickly and synchronize with cutting edge technology and achieve sustainability that will stand the test of time, âsaid Ingo Ernst, CEO of 4Stop. âWe are very excited to join forces with Jumio to create and perfect critical next-generation identity and anti-fraud solutions to support the growth of global online ecosystems. “
To learn more about Jumio and its award-winning AI-powered solutions, visit jumio.com
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting business ecosystems through a unified end-to-end identity verification platform, eKYC and AML. The Jumio KYX platform offers a range of identity verification and anti-money laundering services to accurately establish, maintain and reaffirm trust, from account opening to ongoing transaction monitoring.
Leveraging cutting-edge technologies such as AI, biometrics, machine learning, alertness detection and automation, Jumio helps organizations tackle fraud and financial crime, integrate faster the right customers and comply with regulations including KYC, AML and GDPR. Jumio has performed over 500 million verifications in over 200 countries and territories using real-time web and mobile transactions.
Based in Palo Alto, Jumio operates worldwide with offices in North America, Latin America, Europe and Asia-Pacific and has received numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
For more information, please visit www.jumio.com
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Image 1: Jumio acquires 4Stop
Redefining end-to-end identity
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