How to get benefits from Jumio’s technology?
Jumio is basically a company for verification of identities verification and it is also a digital mobile payment that provides scanning and ID validation products for web/mobile transactions. CEO of Jumio, Stephen Stuut stated optimistically that this isn’t an end for Jumio, but rather an essential move that‘ll allow it continue. He also said that their underlying business remains very strong and the court-restructuring process and supervised sale will let us strengthen the financial structure of Company and extend their leadership position in the industry of ID verification.
Jumio is a startup for its useful and interesting technology that’d let allow users to hold up their payment ID or card to a webcam or camera of a mobile phone to immediately have their card identified, or credentials validated. An idea was that this couldn’t just cut down on friction involved with entering in that data online or through mobile forms, but can also assist you to reduce fraud.
Though it competed with related technologies such as Card.io, which is being purchased by PayPal, and in recent times it impacted by Apple Pay launch of that made mobile checkout seamless. (Jumio tried to stand that with its BAM Checkout service, for instance.) The company still touts a huge number of clients on its own website, however, comprising Airbnb, EasyJet, United Airlines, Gyft, and many others.
Jumio appeared to have been facing a hard timefor quite some time – last year the company swapped CEOs after examining their books. CEO and Founder, Daniel Mattes was ousted after what might have been possible monetary irregularities, that had been reported by Fortune. Jumio acknowledged that it hired outside auditors though did not find anything out of ordinary. Jumio raised $37 million in outside funding, as per Crunch Base, before today. And now by using that money, Jumio is planning to further enhance their product to provide more exceptional quality to its end user.
So, if you would like to more about Jumio, please visit http://thesiliconreview.com/magazines/the-future-of-digital-id-verification-is-here-jumio/ because there you would detailed review to understand what Jumio is and how it can assist the nation.