Identity-verification company Jumio finalized its acquisition of German-based data marketplace company 4Stop, Jan. 19 as part of Jumio's goal of redefining the end-to-end identity industry.
Under 4Stop’s hub, Jumio will be able to integrate with multiple vendors that are able to provide access to more than 650 data sources across 195 countries, according to Business Wire.
“Jumio is once again disrupting the entire identity industry and redefining what modern organizations need in order to provide complete customer lifecycle management,” said Robert Prigge, Jumio CEO, in a Jan. 19 press release. “We are thrilled to complete this acquisition and welcome 4Stop to the Jumio family.”
With the acquisition, Jumio will be able to manage 4Stop's platform in a unified way to ensure rapid configuration and integration through one easy and intuitive API layer, Business Wire reported. Through 4Stop's integrated and comprehensive view of their entire system, Jumio will be able to ensure superior monitoring and risk management for their identity services.
Jumio aims to make the internet a safer place by diligently protecting the ecosystems of businesses, the release stated. Using advanced technology including artificial intelligence, biometrics, machine learning, liveness detection, and automation, Jumio helps organizations fight fraud and financial crime.
Based in Palo Alto, California, Jumio operates offices in North America, Latin America, Europe, and Asia. The company has implemented more than 500 million verifications in over 200 countries and territories, according to Business Wire.