- Identity verification, risk assessment, and compliance solutions company Jumio has announced an expanded strategic partnership with NextWealth.
- A data services provider, NextWealth will provide identity verification services and manage back office operations for Jumio.
- A Best of Show winner and Finovate alum since 2013, Jumio has processed more than one billion transactions spanning 200+ countries and territories.
Identity verification and compliance solutions provider Jumio has expanded its strategic partnership with data services provider NextWealth. The move comes as the risk assessment company seeks to add to its ability to combat increasingly sophisticated fraud and financial crime challenges. Via the enhanced relationship, NextWealth will provide identity verification services for Jumio. This will include taking the lead role in back office operations for Jumio as the company looks to scale its business, while providing the same level of secure service.
“Now more than ever, when our automation and quality rates have reached record levels, partnering with NextWealth enables us to focus on our core business and technology objectives and support our customers wherever they do business across the globe,” Jumio Chief Technology Officer Stuart Wells explained.
NextWealth CEO Mythily Ramesh said that the expanded partnership would “further cement our position as one of the largest, pure play, AI/ML-driven data services players in the country.” Founded in 2009, the Bengaluru, India-based company serves businesses in fintech, e-commerce, healthcare, and other verticals. With seven centers in four states, NextWealth delivers more than 300 million data transactions.
A Finovate Best of Show winner and long-time alum, Jumio has processed more than one billion transactions from 200+ countries and territories. With its Jumio KYX Platform, the Sunnyvale, California-based company offers advanced identity proofing, risk signals, and compliance tools that help businesses establish and maintain customer trust. Jumio leverages a wide variety of enabling technologies – including automation, biometrics, AI, machine learning, liveness detection, and no-code orchestration – to enable its clients to better deal with the evolving nature of financial crime.
Last month, Jumio was named a Representative Vendor in the Gartner Market Guide for Identity Verification for a fifth consecutive time. Earlier this year, the company forged partnerships with Philippines-based Java developer Exist Software Labs, and composable frontend platform company Modyo.