Tuesday, June 18, 2024
Outlook.com
Outlook India
Outlook Business

NextWealth Forges Partnership With Jumio To Expanded global Footprint

This long-term partnership will help NextWealth to add more centers in small towns in keeping with its purpose of generating local employment

NextWealth Forges Partnership With Jumio To Expanded global Footprint

Start-Up Team

POSTED ON October 11, 2023 4:41 PM

NextWealth, a pure-play data services provider, announced an expansion of its strategic partnership with Jumio which provides automated, end-to-end identity proofing, risk assessment, and compliance solutions. With this partnership, NextWealth will renew and expand its work to provide identity verification services for Jumio, allowing Jumio to continue accelerating its innovation in the arena of automated, technology-driven solutions. 

The company in its statement said that this partnership will help it to add more centers in small towns in keeping with its purpose of generating local employment. It will enable Jumio to ensure seamless continuity of its global business and scale its operations securely.   

Stuart Wells, CTO of Jumio said, “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.”   

“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. “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.”      

The company provides world-class Information Technologies and Business Process Management Services, specializing in AI/ML data services. The customers are across AI/ML tech, e-commerce, fintech, healthcare, and other domains. Based in Bangalore it has developed a unique Distributed Delivery Model to deliver these services from delivery centres located in small towns across India. It has seven centers in four different states and delivers over 300 million data transactions.

Based in Sunnyvale, Jumio helps organisations to know and trust their customers online. From account opening to ongoing monitoring, its KYX Platform provides advanced identity proofing, risk signals, and compliance solutions that help you accurately establish, maintain, and reassert trust. The company is backed by investors such as Centana Growth Partners, Great Hill Partners, and Millennium Technology Value Partners. 

  • Related Articles

    The firm has announced the launch of its second fund with a target corpus of Rs 450 crores

    Pentathlon To Invest Rs 450 Crore In 25 B2B SaaS Start-Ups

    LegisTrak 2.0 helps clients manage their contracts, cases, and IP and provides powerful data insights for effective decision-making

    Legistify Unveils Saas-Based Legal Management Platform

    The recently released SaaS application enables startups to streamline and improve their pitching process

    POD World Unveils 'PitchPager' SaaS Tool to Empower Entrepreneurs