Press release

Jumio Partners with Nok Nok Labs to Offer Account Recovery Solution

0
Sponsored by Businesswire

Jumio, the leading AI-powered
trusted identity as a service provider
, today announced a new
partnership with Nok
Nok Labs
, the trusted leader in next generation authentication. With
the fully integrated Nok Nok S3 Suite and Jumio’s identity verification
technologies for account recovery, customers can avoid difficult,
time-consuming custom integrations and instead leverage the integrations
of email- and SMS-based one-time passcode (OTP).

Every year tens of millions of smartphones, including company-issued
phones, are lost or stolen, with only a small percent recovered. This
poses a security risk to consumers and businesses alike who need a
secure means of account recovery for legitimate users.

An ideal account recovery process provides an organization’s end users
with a fast, simple and intuitive password-recovery experience. This
must also be done without compromising security and while complying with
policies governing the different regions in which they operate.

With the solution offered by Jumio and Nok Nok, organizations can bypass
time-consuming custom integrations for a strong, secure and
cost-effective account recovery solution that conveniently enables user
account access on a new device, further enhancing consumers’ peace of
mind. The Nok Nok Labs platform supports different account recovery
methods, making it very easy to configure named policies for using one
or more methods including Jumio’s Identity Verification. Customers can
use flexible policy to enable combinations of recovery methods and can
also dynamically choose the policy to be used based on other risk
factors.

“Jumio is delighted to partner with Nok Nok in order to offer customers
the ability to recover their account when they change devices,” said
Stephen Kearney, Jumio head of worldwide partnerships. “Jumio’s ID and
Identity Verification services allow users to prove their identity
easily and securely recover their ability to authenticate on the new
device. Nok Nok Labs has created a unique and innovative solution to
address account recovery issues.”

“Strong authentication needs strong recovery as well as a policy-based
approach that allows for different combinations of recovery methods,”
said Santosh Rajvaidya, director of product management at Nok Nok Labs.
“We are pleased to be able to offer customers even more choice in their
authentication and recovery methodology as the Nok Nok S3 Suite now
integrates with Jumio’s Identity Verification solution.”

To learn more about Jumio and its award-winning end-to-end identity
verification and authentication solutions, visit jumio.com.

About Jumio

When identity matters, trust Jumio. Jumio’s mission is to make the
internet a safer place by protecting the ecosystems of businesses
through cutting-edge online identity verification and authentication
services that quickly and accurately connect a person’s online and
real-world identities. Jumio’s end-to-end identity verification
solutions fight fraud, maintain compliance and onboard good customers
faster.

Leveraging advanced technology including augmented intelligence, AI,
biometrics, machine learning, certified 3D liveness detection and human
review, Jumio helps organizations meet regulatory compliance including
KYC, AML and GDPR and definitively establish the digital identity of
their customers. Jumio has verified more than 170 million identities
issued by over 200 countries and territories from real-time web and
mobile transactions. Jumio’s solutions are used by leading companies in
the financial services, sharing economy, digital currency, retail,
travel and online gaming sectors. Based in Palo Alto, Jumio operates
globally with offices in North America, Latin America, Europe and Asia
Pacific and has been the recipient of numerous awards for innovation.
For more information, please visit www.jumio.com.

About Nok Nok Labs

Nok Nok is the trusted leader in next-generation authentication
providing simple, secure, scalable methods to authenticate users and
devices. Delivering the most innovative authentication solutions in the
market today, Nok Nok empowers global organizations to improve the user
experience to access digital services, while meeting the most advanced
privacy and regulatory requirements. The Nok Nok™ S3 Authentication
Suite integrates into existing security environments to deliver a
cost-effective, future-proof and standards-based authentication
solution. Headquartered in the Silicon Valley, California, the company
has delivered unique inventions and innovations that are protected by
over 20 issued US patents and by over 50 global patents pending. As a
founder of the FIDO Alliance and inventor of FIDO specifications, Nok
Nok is the expert in deploying standards-based authentication, and its
industry leading customers and partners include DDS, Inc., Ericsson,
Fujitsu Limited, Hitachi, Intuit, Lenovo, MTRIX GmbH, NTT DATA, NTT
DOCOMO, OneSpan, SoftBank, T-Mobile and ThreatMetrix. For more
information, visit www.noknok.com.