Jumio, which develops AI-powered identity verification solutions, has completed the acquisition of data marketplace 4Stop.
The 4Stop platform integrates with multiple vendors, giving access to over 650 data sources across 195 countries, aimed at supporting KYB, KYC, compliance and fraud prevention.
Combined with Jumio’s capabilities, the technology will enable organisations to manage the entire customer lifecycle within a single, unified platform. It will also allow for rapid configuration and integration through one easy and intuitive API layer.
The companies also claim customers will have an integrated and comprehensive view of their entire system to ensure strong monitoring and risk management.
Jumio CEO Robert Prigge said, “Jumio is once again disrupting the entire identity industry and redefining what modern organizations need in order to provide complete customer lifecycle management.
“We are thrilled to complete this acquisition and welcome 4Stop to the Jumio family.”
The company established a partnership with Microsoft last year. The deal saw Azure Active Directory (AD) verifiable credentials integrate into Jumio’s platform.
Jumio raised a $150m investment in 2021 from private equity firm Great Hill Partners. The capital was raised to help it develop its automated systems and AML products.
Copyright © 2022 FinTech Global