Jumio Acquires Beam Solutions’ AML Platform

Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, announced today that the company acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring and 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.

Read more: Jumio blog