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When we talk to candidates we often hear they don't really understand the identity verification market. It's easy to explain the use cases and everyone appreciates our mission to eliminate fraud but, as a relatively young market , the total addressable market is understandably not well understood. That's what makes reports from like this one from Liminal so helpful - Liminal projects that the market is expected to grow from $32.5B to $266.5Bn by 2027 - and with a CAGR of 69%! Well worth a read.
Money20/20 is always an exciting time of year at Jumio. if you're attending please come and say hello, if you're not, here's the latest company update about the enhanced KYX Platform that we'll be talking about in Las Vegas. Our integrated orchestration hub puts power in the hands of business users with the most robust portfolio of data sources, customizable rules engine and analytics to defend against fraud at the speed of business
Late in 2019 we made a few tweaks to our internal referral program. Our favourite change was adding a commitment to plant 5 trees for every referral made - whether we hired them or not. We pencilled in a goal of planting 2,000 trees through this program so it was a genuine delight to receive a certificate from One Tree Planted today, confirming that Jumio has now planted over 10,000 trees through the referral program. Wood yew beleave it! (Credit for this triple pun to Megan Barbier) - Treemendous news.
Great to see these new awards. We'll leave the summary to MarTech Series who said.. . Recognition further substantiates Jumio’s eminence in the cybersecurity and digital identity space. Jumio, the leading provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, announced that it was named a gold winner for “Company of the Year: Cyber Security Products” and “Company of the Year: Technology (All)” in the 10th annual 2022 CEO World Awards. This annual awards program recognizes individuals and teams who set industry benchmarks for excellence.
Our amazing Product, Engineering and Machine Learning teams love to find time to share their knowledge and Jumio's Medium Tech blog has some super insightful posts from supremely smart folk. The latest instalment provides a tutorial on Unsupervised Ranking Using Machine Learning. Kudos to Kaushik for penning this piece.
#Identityfraud rates are at an all-time high, with 84% businesses suffering from an identity-related #databreach in the last year alone. Despite being a game changer for many consumers in terms of convenience, will #digitalidentity end the surge in #fraud or will it do more harm than good? Read more from Philipp Pointner, Jumio Corporation Chief of Digital Identity, via Biometric Update.
It's been an amazingly energising few days this week as we have hosted over 80 of the global sales team in London for a mini SKO - neatly names H20.. which obviously had to be at the O2 .. in 2022. Great to see so many people getting together to learn the latest product updates and start planning for an even bigger year in 2023. Thanks to the marketing team for the brilliant organisation and all the speakers. The sales team is hiring like crazy to keep up with demand so if you want to be at SKO in 2023 please get in touch today.
One of the Palo Alto team's favourite days of the year is the Annual Backpack Drive for Family Giving Tree - an organisation we've partnered with for several years. Yesterday the team packed 525 backpacks with supplies for children in the SF Bay Area with donations from across the company. Huge thanks to Kasey and Robert who drive this every year. #teamwork #giving back
Our Chief of Digital Identity, Philipp Pointer provides a pertinent and pithy piece on the future of digital identity. It's a great and accessible way to understand the rapidly evolving world of digital identity and what the future has in store.
It's great to experience such sustained success and growth at a company. Today we can celebrate another new record quarter for sales. It's not all about sales though - in this update you'll see some other Q2 highlights; our new Innovation Lab in San Diego, our awesome new CFO Susan and industry recognition for our KYX Platform.