NextWealth to boost identity verification services with Jumio

NextWealth, a provider of IT and Business Process Management Services, has announced an expansion of its partnership with Jumio, a company specialising in automated identity proofing, risk assessment, and compliance solutions.  

In this renewed collaboration, NextWealth will continue to offer identity verification services to Jumio, supporting Jumio's ongoing efforts to advance its technology-driven solutions. Additionally, this long-term partnership aligns with NextWealth's mission to create employment opportunities in small towns, the company said in the release. 

Through this expanded partnership, NextWealth will play a crucial role in ensuring the smooth global operations of Jumio while maintaining robust security measures. This development is particularly timely as Jumio aims to strengthen its capabilities in addressing increasingly complex fraud and financial crime challenges.  

As part of this enhanced relationship, NextWealth will take the lead in managing back-office operations for Jumio, facilitating the company's business expansion while upholding the same high level of security and service standards.  

“Jumio’s mission to make the internet a safer place relies on the ongoing development of innovative fraud prevention solutions to thwart cybercriminals and their increasingly sophisticated tactics,” said Stuart Wells, Jumio CTO. “Partnering with NextWealth enables Jumio to focus on our core business and technology objectives and support our customers wherever they do business across the globe.”    

“We are excited about expanding our partnership and supporting Jumio in its growth journey. The partnership between NextWealth and Jumio will further cement our position as one of the largest pure-play, AI/ML-driven data services players in the country,” said Mythily Ramesh, NextWealth CEO.

He further said, “NextWealth’s portfolio of digital solutions and service offerings will provide Jumio international-level quality, with the flexibility to manage business fluctuations in a secure business ecosystem. This will enable Jumio’s customers to have a smooth and seamless experience combined with the assurance of security and trust.”