AI-powered technology achieving record high catch rates and low false positives for fraud despite enormous influx of traffic
PALO ALTO, Calif., May 17 (Bernama-BUSINESS WIRE) -- Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it is now processing more than one million daily identity verifications, the vast majority of which are completely automated. By consistently setting new records, Jumio has already cleared over 100 million different transactions so far in 2021 alone, with YTD revenue growing more than 118% year-over-year.
Jumio’s sophisticated machine learning models now catch the majority of fraud attempts found. Fraud detection has dramatically increased due to the state-of-the-art accuracy of Jumio’s Face Lookup feature. This innovation flags potential fraudulent activity by the same face being used across multiple identity verification attempts, specifically targeting fraud rings and repeat fraudsters. Additionally, Jumio’s automation recently won gold for AI in Security in the 2021 Cyber Security Global Excellence Awards.
“Scaling to meet this explosive growth has required both innovation and execution. We have even had customers transferring volumes from other identity verification providers that are unable to scale and keep up with their high volumes,” said Bala Kumar, Jumio chief product officer, who joined Jumio in March from TransUnion and iovation. “Powered by automation and an infrastructure that is faster and more reliable than ever, we are excited about the benefits that Jumio’s next-generation innovations will unlock.”
Building on top of existing AI powered automation, the company continues to accelerate its investments in innovation by leveraging the $150 million round of funding recently raised from Great Hill Partners.
To learn more about Jumio and its award-winning, AI-powered identity solutions, visit jumio.com.
About Jumio
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification and eKYC platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.
Leveraging advanced technology including AI, biometrics, machine learning, liveness detection and automation, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC, AML and GDPR. Jumio has carried out more than 400 million verifications spanning over 200 countries and territories from real-time web and mobile transactions.
Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
For more information, please visit www.jumio.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210512006112/en/
Contact
U.S. Media Contact
Alex Mercurio
10Fold Communications
jumio@10fold.com
949-940-5656
Europe Media Contact
Gemma Lingham
FleishmanHillard UK
gemma.lingham@fleishman.com
+44-752-569-9347
Source : Jumio
Monday, 17 May 2021
JUMIO'S AUTOMATION SURPASSES 1 MILLION VERIFICATIONS PER DAY AS COMPANY CELEBRATES 118% INCREASE IN REVENUE
Friday, 7 May 2021
INCREASING DEMAND FOR ENVIRONMENTAL SERVICES IN ASEAN OPENS OPPORTUNITIES FOR INTERNATIONAL TRADE IN ENVIRONMENTAL SERVICES, SAYS THE ASEAN-JAPAN CENTRE
The report is available for download on AJC website. (Graphic: Business Wire)
TOKYO, May 7 (Bernama-BUSINESS WIRE) -- The ASEAN region is seeing an increase in the demand for environmental services due to rapid population growth and urbanization, including waste and wastewater management, air pollution and climate change mitigation, according to the study by the ASEAN-Japan Centre, Promoting Services Trade in ASEAN: Trade in Environmental Services, published today. This is the third and last report in the three-paper series of social services under the second phase of the project on promoting services trade.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210506005504/en/
Due to the public nature of environmental services provision, the main types of trade liberalization in environmental services, like any other services trade, are service market access and national treatment; while licensing and approval procedures are the most prevalent regulatory measures as these processes can be discretionary in some countries. Important emerging issues related to this include the import of plastic waste by several ASEAN states, and the increasing marine plastic debris problem.
The paper recommends that freer trade could reduce the cost of environmental services and help firms to access cheaper or more advanced technology. Considering the public good nature of environmental services, the paper recommends ASEAN states to further delineate the commitments/activities that fall under environmental services, to focus on adapting to emerging new environmental situations as a region, and to include environmental services in provisions in regional trade agreements, which is not the case for the recently concluded Regional Comprehensive Economic Partnership (RCEP).
Aside from this publication, relating to work on environmental services, the Centre carried out a programme called "Future Leaders’ Declaration on ASEAN-Japan Cooperation on International Marine Plastic Waste”. This programme aimed to further strengthen the ASEAN-Japan strategic partnership as stated in the "Joint Statement of the 23rd ASEAN-Japan Summit on Cooperation on ASEAN Outlook on the Indo-Pacific (AOIP)" dated November 12, 2020, and specifically implement policy recommendations on marine plastic waste during Fiscal Year 2021 and onwards.
To view and download the report, please visit the AJC website as below.
https://www.asean.or.jp/en/trade-info/pst2_papers/
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210506005504/en/
Contact
ASEAN-Japan Centre (AJC) PR Unit
Tomoko Miyauchi (MS)
URL: https://www.asean.or.jp/en/
TEL: +81-3-5402-8118
E-mail: toiawase_ga@asean.or.jp
Source : ASEAN-Japan Centre
SEASUN BIOMATERIALS SUPPLIES ON-SITE COVID-19 RAPID MOLECULAR DIAGNOSTIC SYSTEM TO SEOUL NATIONAL UNIVERSITY CAMPUS
SEASUN BIOMATERIALS' 4S system, a one-stop COVID-19 molecular diagnostic system located on the Seoul National University campus. (Photo: Business Wire)
- ‘4S’ SEASUNBIO SMART SHIELD SYSTEM has been launched in SNU campus as the first mobile COVID-19 diagnostic center in Korea
DAEJEON, South Korea, May 7 (Bernama-BUSINESS WIRE) -- SEASUN BIOMATERIALS (CEO: Park Heekyung), a molecular diagnostic company has made its molecular diagnostic system ‘4S’ (SEASUNBIO SMART SHIELD SYSTEM) available at the Seoul National University (SNU) campus after the launching at Incheon International Airport.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210504005599/en/
Since January 2021, SEASUN BIOMATERIALS’ AQ-TOP Plus has been used for COVID-19 detection in the 'COVID-19 Test Center' established at Incheon International Airport (ICN). The test results are reported within 2 hours at ICN. The passengers and ICN staff are very satisfied with the rapid and accurate procedure of the AQ-TOP Plus.
SEASUN BIOMATERIALS has two (2) diagnostic platforms of COVID-19 diagnostics, U-TOP COVID-19 and AQ-TOP COVID-19 Series. U-TOP COVID-19 Series is intended for the detailed examination which simultaneously discriminates S gene mutations in addition to the parallel examination of four (4) SARS-CoV-2 genes. AQ-TOP COVID-19 Series is intended for a rapid point-of-care test which is optimized for field diagnostics that requires high accuracy within a short testing time.
All COVID-19 related products of SEASUN BIOMATERIALS used in the 4S system have been officially approved by the MFDS, certified ‘Brand K’, CE-IVD marking and authorized under EUA from the US FDA, and have been exported globally since the first wave of the pandemic.
For more information, please visit www.seasunbio.com and https://youtu.be/QP6Tu9vy8Xk.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210504005599/en/
Contact
SEASUN BIOMATERIALS
Sunny, KIM
seasunbio@seasunbio.com
Source : SEASUN BIOMATERIALS
JW PLAYER ACQUIRES VUALTO TO STRENGTHEN ITS COMPREHENSIVE VIDEO PLATFORM FOR SUCCESS IN THE DIGITAL VIDEO ECONOMY
The merger combines complementary video offerings to empower established and emerging broadcasters with independence and control, as digital video becomes a must-have for all organizations.
NEW YORK and PLYMOUTH, United Kingdom and AMSTERDAM, The Netherlands, May 7 (Bernama-GLOBE NEWSWIRE) -- JW Player, the leading video software and data insights platform, today announced it is acquiring VUALTO, a leading provider of live and on-demand video streaming and Digital Rights Management (DRM) solutions. The acquisition deepens JW Player’s already robust offering to global broadcasters and further accelerates its vision to empower customers with independence and control in today’s Digital Video Economy by offering easy-to-use, scalable video technology.
This acquisition arrives as the consumption of digital video continues its push to the mainstream. Video now comprises over 80% of all traffic on the internet, and according to JW Player data, people are consuming over two hours of digital video each day, a 40% increase since the beginning of 2020. As a result, a digital video strategy has become a ‘must have’ not only for broadcasters and media companies, but also for organizations of all types, including for JW Player customers in fitness (Centr app), e-commerce (Tag Heuer), sports (Miami Heat) and e-learning (GoNoodle), among others. These new entrants have a diverse range of needs and require a scalable and flexible video platform that allows them to connect and engage with their audiences on the screens of their choice. Given these dynamics, the addressable market will grow from $14B today to $50B by 2027, a 20% CAGR.
“Over the past two years, digital video has become ubiquitous. We now live in the Digital Video Economy, and as a platform company that empowers our customers with independence and control, JW Player is uniquely positioned to succeed in this environment,” said Dave Otten, CEO and co-founder of JW Player. “Joining forces with VUALTO further solidifies our position. Their world-class technology stack expands our platform to include broadcast-level live streaming and content protection services, which are critical for today’s customers. We could not be more excited about this partnership and look forward to innovating together with the highly-talented VUALTO team.”
JW Player’s platform combines highly-scalable video delivery with data insights from 2.7 billion unique monthly devices to help its customers achieve their business goals with video. VUALTO complements JW Player’s offering with market-leading, high-end live streaming and DRM services for broadcasters. The combined result is a single platform for high-quality live and on-demand video delivery across mobile, web and OTT platforms; secure content delivery; and unique insights, intelligence and monetization features to help customers grow their revenue.
Camilla Young, CEO and co-founder, VUALTO, said, “This is a huge growth opportunity for us as a business, as well as for our team. Our successful partnership with JW Player over the past year has given our teams the opportunity to successfully go-to-market under real-world circumstances. Through this, a natural culture match between our teams has already developed, which gives us incredible confidence that together we will be hugely successful. As we embark on this new chapter, our commitment to our existing broadcast customers and our DRM service remains, and we will continue to provide the same high level of support and service that our customers have come to expect from VUALTO.”
VUALTO will expand JW Player’s customer base with prominent customers in the European market and elsewhere, including ITV, the UK’s most popular commercial TV channel, French national public broadcaster France TV, and the European Parliament. These broadcasters join over 12,000 media companies already using the JW Player platform, including broadcasters such as FOX, BBC, CNBC, EuroSport and VICE.
About JW Player
JW Player is the leading video software and data insights platform that gives customers independence and control in today’s Digital Video Economy. Started in 2008 as a hugely popular open source video player, JW Player ’s technology platform now powers digital video for hundreds of thousands of businesses, including half of the comScore top 50 sites in the US, leading broadcasters across EMEA, APAC and Latin America. Each month 1 billion viewers, or one third of all people on the Internet, consume video on JW Player’s technology across 2.7 billion devices, creating an unmatched and powerful consumption and contextual data graph that helps customers grow audiences and generate incremental video from digital video. The company is headquartered in New York, with offices in London and Eindhoven, visit http://www.jwplayer.com.
About VUALTO
VUALTO are experts in cloud-based OTT Video Delivery & Orchestration, developing streaming solutions on a global scale. With three products, the VUALTO CONTROL HUB (VCH) video orchestration tool, CLIP2VU live & VOD video clipping & syndication tool, and VUDRM Digital Rights Management, VUALTO deliver an adaptable, scalable & intelligent video delivery solution, taking your content from camera, right through to your chosen users, on multi devices. Working globally, VUALTO develops video solutions for a host of industries to include: Broadcasters, Sports, Governments, Media & Entertainment, OTT Service Providers and Telecoms & Operators. To learn more, please visit www.VUALTO.com.
Contact: videosuccess@VUALTO.com
JW Player Media Contact:
Fatimah Nouilati
Scratch Marketing + Media for JW Player
fatimah@scratchmm.com
VUALTO Media Contact:
Amber Chawner
Whiteoaks International - PR for VUALTO
amberc@whiteoaks.co.uk
SOURCE : JW Player
CEO AND CO-FOUNDER OF VIRGIN HYPERLOOP SPEAKS TO U.S. HOUSE TRANSPORTATION & INFRASTRUCTURE COMMITTEE ON EMERGING MASS TRANSPORTATION TECHNOLOGY
Josh Giegel emphasized that hyperloop is a down payment towards a cleaner, more efficient transportation system, not only for the next decade, but the next century
WASHINGTON, May 7 (Bernama-GLOBE NEWSWIRE) -- Today, at the Transportation and Infrastructure Railroads, Pipelines, and Hazardous Materials Subcommittee hearing, “When Unlimited Potential Meets Limited Resources: The Benefits and Challenges of High-Speed Rail and Emerging Rail Technologies,” Josh Giegel, the CEO and Co-Founder of Virgin Hyperloop, discussed how hyperloop can bring our transportation network into the 21st Century and the need for increased investment in hyperloop.
“We can have – in the near future – hyperloop, a new, more efficient, faster, and sustainable component of our national transportation system that brings communities together and opens up opportunities for all. We aim to create a mass-mobility experience that is available to the broad public,” said Giegel.
As Congress prepares surface reauthorization legislation, this hearing is timely to highlight the safety, environmental, and mobility benefits of hyperloop. Bipartisan support of hyperloop from Members of Congress has been crucial in the forward progression of the industry thus far, but continued support is necessary to deploy a hyperloop system across the United States.
Giegel stated that since U.S. DOT’s guidance issued last summer that hyperloop is subject to FRA safety jurisdiction, legislation should make clear that hyperloop is eligible for funding programs on the same terms as rail projects. Further, he also said the Federal government should provide additional funding opportunities for such cutting-edge technologies like hyperloop. Legislation could set aside funds for emerging technology developed in the United States.
About Virgin Hyperloop Technology
Hyperloop is a planned high-speed surface transportation system. Travel would occur within a low-pressure enclosure in a vehicle. This, along with Virgin Hyperloop’s proprietary magnetic levitation engine, would allow us to reach and maintain airline speeds with significantly less energy than other modes of transportation. Not only is hyperloop expected to be fast, but a high-capacity mass transit system, capable of comfortably moving people and goods at 670 miles per hour with 50,000 passengers per hour, per direction, on-demand and direct to your destination (meaning no stops along the way). That is the equivalent of a 30-lane highway.
Media Assets
Media assets can be found here. Please credit Virgin Hyperloop.
About Virgin Hyperloop
Virgin Hyperloop is the only company in the world that has successfully tested hyperloop technology with passengers, launching the first new mode of mass transportation in over 100 years. The company successfully operated an occupied hyperloop vehicle using electric propulsion and electromagnetic levitation under near-vacuum conditions, realizing a fundamentally new form of transportation that is expected to be faster, safer, cheaper, and more sustainable than existing modes. Learn more about Virgin Hyperloop's technology, vision, and ongoing projects here.
Media Contacts
Ryan Kelly
Vice President of Marketing and Communications
press@virginhyperloop.com
+1 (610) 442-1896
SOURCE : Virgin Hyperloop One