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JUMIO ENTERS THE LATIN AMERICA MARKET WITH END-TO-END IDENTITY AND AUTHENTICATION SOLUTIONS

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Move expands global footprint of leading AI-powered identity verification company with new sales office in Brazil and operations center in Barranquilla

 

Jumio, the leading AI-powered trusted identity as a service provider, todayannounced that it has established a new sales office in Brazil. The office will be focused on the fast-growing Latin American market and the appointment of Samer Atassi as regional director will spearhead the company’s regional expansion. Jumio is building on its longstanding commitment to serve fintechs, financial service organizations and sharing economy companies of all sizes by establishing a Latam regional sales center to strategically serve those sectors.

 

At Jumio, Atassi will focus on expanding the company’s client base, growing relationships with existing clients (which include some of the largest financial institutions in Brazil and Mexico), and cultivating a sustainable channel network. Atassi has more than 25 years of experience in international sales, channel development and marketing management focused on the Latin America market. Before joining Jumio, Atassi worked at NetScout Systems, Network General and 3Com. At NetScout, Atassi managed all aspects of the business in Latin America (sales, marketing, HR, operations, channel and pre-sales). This included strategic planning, sales forecasting and creating and educating the go-to-market strategy of the region.

 

“With more than 1,000 fintech startups and a large unbanked population, estimated at 210 million, in Latin America, we’re targeting Latam for its untapped market potential,” said Harnish Patel, Jumio’s VP of Americas. “Jumio’s end-to-end verification solutions will reshape the region’s traditional banking landscape. These macro trends, coupled with Samer’s proven Latam track record, will justify the company’s investment in one of our most strategic geographies.”

 

This move builds on Jumio’s regional expansion which began in August 2018 when Jumio SAS started operations in Barranquilla, Colombia. The operations center, which employs more than 400 identity professionals, was Jumio’s first Latin American office and is being leveraged to help verify the government-issued IDs and identities of Jumio’s global customer base.

 

Jumio is well positioned to serve both the fintechs and established banks who are mandated to provide Know Your Customer (KYC) and Anti-Money Laundering (AML)-compliant identity verification services to millions of people in Latin America. Jumio’s regtech solutions are helping to ensure that compliance is not a cumbersome and difficult process for its growing number of Latin America customers, including Kubo Financiero, BTG Pactual and Tecnología en Entretenimiento Caliplay.

 

Beyond financial services, the launch of Jumio’s Latam hub presents tremendous opportunities for businesses and the partners who serve them — particularly those who operate online — to minimize the risk of identity fraud, account takeover, tax evasion, corruption and terrorism financing.

 

Jumio is the global leader in end-to-end identity verification and authentication solutions that help businesses fight fraud, meet compliance mandates and streamline the onboarding (new online account setup) process. Jumio uses a proprietary mix of augmented intelligence, AI, machine learning, 3D liveness detection and expert human review to quickly and reliably verify a user’s online identity and definitively answer if they are who they claim to be.

 

The company recently announced Jumio Authentication which extends the use of identity proofing techniques beyond new-account use cases to login, account maintenance and high-risk transactions. Together with Jumio Identity Verification, Jumio Authentication leverages the same biometric technology (e.g., a 3D face map) for initial enrollment and for future user authentications. These innovative solutions, paired with our growing partner community, are expected to drive triple-digit Latam growth in 2019.

 

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Volante Technologies Recognized as Market Leader in Omdia Universe: Selecting a Payment Hub, 2021-22 Report

Cloud payments company scores highest mark for solution innovation capabilities and strategy

Volante Technologies, the global leader in cloud payments and financial messaging, has been recognized as a Leader in the Omdia Universe: Selecting a Payment Hub, 2021-22 global survey.

In preparing the report, Omdia, the analyst division of Informa, performed an in-depth review of the market and ranked vendors based on a matrix of key capabilities, attributes, and features. The comprehensive process incorporated in-depth client and vendor interviews, and is designed to help C-level executives, payment heads, and IT directors select the payment hub platform that will enable their payment modernization ambitions.

The report states that Volante has been recommended as a Leader “thanks to its co-innovation capabilities.” It highlights “the speed that the payment hub can be implemented” and “the maturity of Volante’s cloud capabilities” along with its “particularly strong low-code integration layer” as contributors to the ranking. The report concludes, “Volante scored the highest mark for its solution innovation capabilities and strategy / product roadmap.”

Philip Benton, Senior Analyst – Financial Services Technology at Omdia, said: “Volante Technologies earned its place as a recommended leader thanks to a combination of genuine innovation and the provision of services which allow the company to deliver significant payments efficiencies to both small and large institutions.”

John Farrell, SVP Global Product Management at Volante, said: “We are delighted to have been awarded the top ranking of leader by Omdia. This recognition vindicates our strategy of working as a trusted partner to our customers, and helping free them from the limitations of legacy systems through modern cloud-native payments solutions.

“With 75% of our staff in research and development, we intend to continue investing in our products to maintain our leadership position, and continue delivering outstanding results to our customers.”

 

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ARTERIA AI SET TO ACQUIRE H4’S FINANCIAL SERVICES BUSINESS ASSETS

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H4 Chairman and Co-founder Joe Seifert to join Arteria AI as senior advisor

 

Arteria AI, an award-winning global leader in enterprise digital documentation, has agreed to acquire certain financial services assets of H4, an award-winning contract lifecycle management platform.

As part of the agreement, H4’s Chairman and Co-founder Joe Seifert will join Arteria AI’s team as a senior advisor.

Shelby Austin, CEO of Arteria AI, said: “This is a very exciting time for our business as we set out to unleash the power of data to help global financial institutions solve their client documentation challenges at scale. Since spinning out of Deloitte we have continued on an incredible growth journey accelerated by the market’s clear preference for data-first solutions.”

“It is a strategic decision for us to acquire certain financial services assets of H4 to expand our reach and super-charge our efforts. Joe Seifert will bring invaluable experience and expertise to our team.  We look forward to working together to provide an unrivalled, data-first client documentation solution for global financial institutions.”

Joe Seifert said: “Arteria AI and H4 cover most of the top-tier of the financial services market and it made perfect sense to join forces. Having spent time with Shelby and the team, I’m very excited that the combination will support Arteria AI’s position as a leader in digital documentation transformation across the global banking sector.”

Arteria AI works with the world’s largest banks to accelerate their client documentation processes at scale.  From document generation through signature and beyond, Arteria uses context-specific AI, data, analytics and automation to ensure that stakeholders across the bank are able to serve their clients more quickly.  This can be a key factor in driving additional revenue and minimizing risk and cost.

The company’s co-founders Shelby Austin, Abrar Huq and Jonathan Wong have more than 30 years experience within the documentation space and were leaders within the AI community prior to launching Arteria AI in October 2020.

H4 will focus on its offering for the corporate market, outside of global banking. Rob Fagg, CEO, and Andy Byrne, COO, have agreed a management buyout of H4, continuing their roles and becoming co-founders of the new business. Joe Seifert will remain a minority shareholder in H4.

 

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