Science & Technology

Jumio acquires 4Stop to provide next-generation identity and fraud prevention solutions

JumioA provider of AI-powered end-to-end identity orchestration, eKYC, and AML solutions, the company has announced that it will acquire its current strategic partner, 4Stop. Adding 4Stop data sources to the Jumio KYX platform enables Jumio’s strategic vision of redefining the end-to-end identity industry.

Founded in Germany in 2016, 4Stop’s global data marketplace and orchestration hub integrates with multiple vendors and has access to over 650 data sources in 195 countries.

Combining 4Stop’s technology with Jumio’s solution enables organizations to manage their entire customer identity lifecycle within a single integrated platform for rapid configuration and integration through one easy and intuitive API layer. It will be possible.

The acquisition follows the launch of Jumio’s intuitive no-code orchestration layer for the KYX platform, accelerating Jumio’s business and technology goals to solidify its position as a leader in digital identity orchestration. increase. The financial terms of the contract to be signed in early 2022 have not been disclosed.

“Today’s pace and sophistication of cybercrime means organizations can’t afford to rely on multiple vendors for identity verification and fraud prevention needs,” said Robert Prigge, CEO of Jumio. “There is no way around it. Successful identity companies must have KYC, AML, KYB, and orchestration. 4Stop and Jumio’s solutions offer more and identity orchestration. And provides a complete end-to-end approach to fraud prevention. Customers can not only rely on a single system for all their identity and fraud prevention needs, but also have an integrated and comprehensive view of the entire system. As it is available, good monitoring and risk management are guaranteed. “

4Stop’s global data and risk marketplace integrates unique real-time fraud prevention technology with the largest choice of premium global data services for identity, transactions, and compliance available in the selection and selection model. Companies confidently anticipate and manage risk and fraud protection, regardless of region, market or industry around the world, and make informed decisions backed by quantifiable data. You can manage regulatory obligations that accelerate your business performance.

“Establishing a state-of-the-art, end-to-end, versatile data and risk management platform to better serve business global compliance and fraud protection has always been 4Stop’s passion for our online ecosystem. And regulations are constantly evolving. Companies need to quickly adapt and synchronize with cutting-edge technology to achieve future-proof sustainability, “said Ingo Ernst, CEO of 4Stop. .. “We are very excited about the opportunity to work with Jumio to build and complete key next-generation identities and fraud prevention solutions that support the growth of the global online ecosystem.”

Jumio acquires 4Stop to provide next-generation identity and fraud prevention solutions

https://www.helpnetsecurity.com/2021/12/08/jumio-4stop/ Jumio acquires 4Stop to provide next-generation identity and fraud prevention solutions

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