Jumio, a leading provider of automated, AI-powered identity verification, compliance, and risk management solutions, has entered into a strategic partnership with LatticeFlow AI, a Swiss-based company dedicated to enhancing the safety and trustworthiness of AI systems.
The collaboration aims to strengthen fraud prevention and regulatory compliance across Jumio’s identity verification platform. By integrating LatticeFlow’s advanced AI technology, Jumio can proactively address potential AI model vulnerabilities, ensuring robustness and preparedness for the EU AI Act’s upcoming governance requirements.
Jumio leverages artificial intelligence to provide identity verification, compliance solutions, and risk signals to businesses worldwide, helping organisations reduce fraud and meet regulatory standards.
LatticeFlow AI specialises in building trustworthy AI systems, focusing on validating model performance, safety, and compliance. With its comprehensive platform, LatticeFlow enables organisations to meet global AI standards and mitigate risks, especially as AI governance evolves.
As part of the partnership, Jumio will integrate LatticeFlow AI Vision into its platform, enhancing its ability to validate model performance and boost reliability.
This integration is designed to improve the accuracy and fairness of Jumio’s identity verification models while reducing the potential for fraud.
Alix Melchy, Jumio VP of AI, said, “Ensuring that our AI models are both safe and reliable is critical to providing the highest level of protection for our customers.
“By partnering with LatticeFlow AI, we’re taking a proactive approach to identifying potential risks and enhancing the security of our AI models. This partnership is not just about improving performance—it’s about staying ahead of industry regulations and ensuring compliance with emerging AI standards.”
Tom Ulrich, SVP & GM of North America at LatticeFlow AI, said, “We are honored to partner with Jumio to help advance the performance and safety of their identity verification solutions. Our collaboration enables Jumio to accelerate AI innovation, while ensuring compliance with upcoming regulations like the EU AI Act.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
