Company Directory - Jumio
Company Details - Jumio
Jumio
WebsiteJumio is a leading identity verification company that uses AI-driven identity verification to provide secure, fast, and reliable online verification solutions for businesses. It helps organizations across various industries reduce fraud, comply with regulations, and improve user experience during onboarding.
CCI Score
CCI Score: Jumio
6.33
Latest Event
Jumio Integrates AI Trustworthiness Tools
Jumio announced a partnership with LatticeFlow AI to integrate advanced model trustworthiness tools into its biometric identity verification platform. This integration aims to improve model performance, fairness, and fraud protection while ensuring compliance with emerging AI regulatory frameworks including the EU AI Act.
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OBJECTOR
Jumio is currently rated as an Objector.
Latest Events
- NOV112024
Jumio announced a partnership with LatticeFlow AI to integrate advanced model trustworthiness tools into its biometric identity verification platform. This integration aims to improve model performance, fairness, and fraud protection while ensuring compliance with emerging AI regulatory frameworks including the EU AI Act.
+30
Technology and Services Impact
April 8
By integrating LatticeFlow AI’s computer vision capabilities, Jumio is proactively addressing potential model failure modes and enhancing the fairness and reliability of its AI systems. This initiative aligns with improving consumer protection and transparency, supporting ethical standards in technology and compliance with emerging regulations such as the EU AI Act.
Jumio integrates model trustworthiness tools to help IDV comply with AI Act
- NOV072024
Jumio announced a strategic partnership with LatticeFlow AI to integrate advanced computer vision capabilities into its identity verification platform, enhancing model performance, fairness, and fraud protection in preparation for the EU AI Act.
+60
Technology and Services Impact
April 8
By partnering with LatticeFlow AI, Jumio is proactively enhancing its AI-driven identity verification technology. The integration of state-of-the-art computer vision capabilities aims to identify model failure modes, boost performance, and ensure compliance with the upcoming EU AI Act. This commitment not only strengthens fraud prevention efforts but also promotes fairness and accountability in AI models, aligning with anti-authoritarian values.
- JUL232024
Jumio published its 2024 Online Identity Study which details growing concerns over the use of deepfakes to influence political processes in upcoming elections and calls for improved biometric-based verification measures to secure online political discourse.
+70
Public and Political Behavior
April 8
Jumio's release of this study contributes to a more informed public debate on the risks of deepfakes in elections, supporting increased transparency and efforts to protect democratic processes. This proactive effort bolsters public trust in online information and encourages robust political discourse.
Jumio Study Highlights Deepfake Concerns Amidst Upcoming Elections
+60
Technology and Services Impact
April 8
The study emphasizes the risks posed by deepfake technologies and underlines the need for enhanced AI-driven identity verification tools to counteract misinformation. This focus on technological solutions promotes the adoption of advanced security measures to safeguard electoral integrity.
Jumio Study Highlights Deepfake Concerns Amidst Upcoming Elections
- MAR182024
A class action lawsuit filed on March 18, 2024 in San Francisco federal court alleges that Jumio collected, stored, and used biometric data without consent during a KYC process for the crypto trading app Phemex, in violation of Illinois' Biometric Information Privacy Act (BIPA). The lawsuit claims that Jumio lacked a clear data retention policy and improperly shared biometric data with Phemex.
-50
Business Practices and Ethical Responsibility
April 8
The lawsuit alleges that Jumio engaged in unethical business practices by collecting and improperly handling sensitive biometric data without obtaining explicit user consent, demonstrating a disregard for consumer data privacy and regulatory compliance as mandated by BIPA.
- FEB162023
A U.S. district judge declined to dismiss a biometric data privacy lawsuit against Jumio, allowing the case to proceed amid allegations that the company violated Illinois’ Biometric Information Privacy Act by capturing biometric data without informed consent, notably in its verification process for Binance users.
-60
Business Practices and Ethical Responsibility
April 8
The case centers on claims that Jumio captured biometric data without obtaining proper informed consent, indicating a serious lapse in ethical business practices and respect for consumer privacy. Such practices can erode trust and have implications for how biometric technologies might be misused in broader authoritarian contexts.
Judge keeps biometric data privacy lawsuit against Jumio alive 'for now'
-40
Technology and Services Impact
April 8
Jumio’s deployment of biometric identity verification, particularly for onboarding customers on platforms like Binance, raises concerns about the safeguarding of sensitive data. The unresolved lawsuit underscores potential risks in the technology’s implementation, which may facilitate surveillance or misuse in less accountable regimes.
Judge keeps biometric data privacy lawsuit against Jumio alive 'for now'
- JAN012023
In January 2023, Jumio laid off approximately 90 employees, representing less than 6% of its workforce, as part of strategic restructuring to address economic challenges. This decision raises concerns about labor relations and the treatment of workers amid cost-cutting measures.
-30
Labor Relations and Human Rights Practices
April 8
The layoffs, though affecting a small percentage of the workforce, reflect a troubling approach to labor relations where cost-cutting measures override worker security and rights. From an anti-fascist perspective that values robust worker protections and social responsibility, this event is rated negatively as it diminishes support for fair labor practices.
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