Tuesday, 13 March 2018

Jumio's Global expansion with new office in Singapore, new regional VP

KUALA LUMPUR, March 12 (Bernama) -- Jumio Corp, AI-powered trusted identity as a service provider, today announced it is opening a new Singapore sales office and appointing Frederic Ho as vice-president, Asia Pacific, to oversee the global expansion.

Jumio, in a statement, said these announcements built upon its continued global expansion and would help AsiaPac banks, financial services and growing enterprises with a reliable, accurate and compliant means of digital identity verification.

Ho has more than a decade of Asia Pacific experience selling and marketing information security solutions, including Micro Focus, OpenText, and Autonomy, targeting top ASEAN commercial and government enterprises.

He will lead Jumio´s efforts to launch and expand its online identity verification solutions in the region across a broad range of verticals including banking, financial services, sharing economy, cryptocurrency, and online gaming.

The popularity and viability of online identity verification is growing dramatically in Asia Pacific due to the growing need to reliably establish someone´s genuine identity online.

As financial institutions struggle to balance the needs for strict AML and KYC compliance while improving the online experience, Asia Pacific regulators are increasingly allowing these firms to accept digital forms of identity.

Jumio uses computer vision technology, machine learning, artificial intelligence, biometrics and live verification experts to verify credentials (for example, passports, driver´s licences, etc.) issued by over 200 countries.

The company currently serves HSBC and some of the largest challenger (digital) banks in Europe including Monzo, Tide and MetroBank. The Singapore team will serve businesses across Asia Pacific, including Singapore, Japan, China, Australia, Malaysia and Indonesia.

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