Article 3 min

Trulioo Partners with Acuant to Enhance Mobile Account Opening

Document Verification Acuant

June 13, 2018  

Document Verification Acuant

Last year, Trulioo augmented its identity verification platform, GlobalGateway, with global ID Document Verification, adding an extra layer of authentication during account creation. As part of our ongoing effort to provide the most comprehensive identity verification services for our global clients, we continually integrate new data and technology partners onto our platform in order to offer our clients the most robust and effective identity verification solutions.

Consequently, Trulioo has entered into a new partnership with Acuant, a global provider of data capture and identity authentication solutions. By joining forces, Trulioo’s API now includes access to Acuant’s AssureID service and its vast library of identity documents. Built for efficiency and accuracy in its processing, the software powers data capture, auto-fill, document authentication and facial recognition.

“Today’s consumers expect to shop, pay, and bank on their mobile devices from anywhere and anytime,” said Stephen Ufford, CEO of Trulioo. “By partnering with companies like Acuant, businesses have access to reliable global data sources and trusted authentication technologies to instantly verify and authenticate identities online without compromising convenience or security.”

ID Document Verification helps to tackle and simplify a challenging process when onboarding new customers online (especially via mobile devices): verifying physical identity documents when the customers and the documents are not present. Through this service, new customers can capture and upload an image of their documents and of themselves at signup, providing an additional method to verify identities online with greater ease.

The new technology leverages machine learning and applies more than 50 forensic and biometric tests when processing an image of a physical identity document. These tests flag document images that appear manipulated or altered. Likewise, it notes if the customer’s submitted photo does not match the image in the document – adding a protective alert for potential fraud.

Working in tandem, document authentication and facial recognition combined with cross-border Anti-Money Laundering (AML) and Know Your Customer (KYC) compliant electronic identity verification offers an effective and masterful identity verification solution to help reduce fraud and root out financial crime at account creation. It also helps to build a more effortless and convenient signup process for new accounts.

Trulioo’s extensive network of identity data and technology partners covers nearly every country in the world. This is the driving force that makes GlobalGateway an industry leader in building online trust through identity verification.

“Our partnership with Trulioo will help customers leverage data, analytics and machine learning to quickly verify identities while dramatically reducing fraud,” said Acuant President and CEO Yossi Zekri. “Managing millions of digital transactions every year for billions of people on the planet is a large and complex task. As such, Acuant is constantly updating and expanding its library to reach across not only every US state and Canadian province, but over 190 countries worldwide.”