Tuesday, September 29, 2020

Jumio buys Beam Solutions' AML platform to deliver identity verification, compliance solution

KUALA LUMPUR, Sept 30 -- Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has acquired the anti-money laundering (AML) platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring and know-your-customer (KYC).

Jumio will integrate Beam's suite of AML solutions into its current KYX Platform to further strengthen the company's position in the anti-financial crime marketplace. Financial terms of the agreement were not disclosed.

Beam’s mission is to make the financial system safer by applying creative technological innovation to the detection and reporting of suspicious financial activity that facilitates money laundering, terrorism and human trafficking.

Jumio buys Beam Solutions' AML platform to deliver identity verification, compliance solution: Jumio buys Beam Solutions' AML platform to deliver

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