Company Combines Best-in-Class Capabilities and Workflow Tools to Help Customers Manage Growth, Innovation and Compliance

Vancouver, British Columbia, Jan. 31, 2023Trulioo has launched an industry-defining global identity platform for person and business verification. The Trulioo platform showcases the company’s expertise and innovation in helping businesses worldwide build trusted user experiences while achieving regulatory compliance and optimizing growth.

Trulioo continues to evolve its identity verification capabilities by combining a full suite of global person and business verification solutions with no-code workflow building, low-code integrations and more, all in one platform. With one contract Trulioo customers can access personally identifiable information matching, Identity Document Verification, Utility Data for proof of address, Business Verification for in-depth person-of-significant-control and ultimate-beneficial-owner verification, watchlist screening and ongoing monitoring, and anti-fraud capabilities.

“Trulioo is the identity platform businesses turn to in order to solve the inherent complexity in onboarding customers globally,” said Steve Munford, Trulioo CEO. “We enable businesses to offer their goods and services in nearly every country in the world and remain compliant. We provide our customers with industry-leading capabilities backed by best-in-class customer success so they can focus on their business and customers.”

Combating Digital Distrust and Fraud
The surge in online shopping, mobile payments and digital currencies in recent years presents opportunities for innovation and growth. But it also poses challenges for businesses to mitigate fraud and meet evolving regulations such as Know Your Customer, Know Your Business and Anti-Money Laundering requirements around the world.

“The identity and regulatory worlds are complex, especially for businesses who are multi-national,” says David Mattei, Strategic Advisor at Aite-Novarica Group. “Meeting KYC, KYB, and AML requirements across multiple countries, numerous identity data sources, and country-specific regulatory environments is a significant challenge. On top of that, companies need customizable workflows to deploy these types of solutions within their ecosystems. A solution that combines identity verification and compliance on a global scale while also being client-configurable is a much-needed capability in the industry.”

One Platform. One Contract. One Unified Experience for Trulioo Customers. 
With one platform and one contract, companies can deliver streamlined onboarding and create intuitive user experiences that build trust and inclusivity. Trulioo leverages extensive expertise, customizable identity verification workflows and comprehensive global data sources to empower customers to take their business anywhere in the world.

In addition to global person and business verification services, Trulioo delivers: 

  • The Trulioo Portal, providing single sign-on access to all verification services, no-code and low-code integration methods, auditable reporting and performance analytics
  • Workflow Studio, a no-code workflow builder allowing users to rapidly build, configure and deploy logic-driven identity workflows
  • API Direct, providing the option to connect any Trulioo service to an existing system through a single low-code API
  • Connection to third-party applications and first-party, external data sources
  • Navigator, an online education hub making solution and industry expertise accessible with guided workshops and training for best practices 
  • White-glove service and ongoing support from trusted experts, including data source research and process optimization

“We built a platform that solves for the numerous identity verification challenges global enterprises face every day,” said Michael Ramsbacker, Trulioo chief product officer. “Trulioo is the only company that delivers an integrated, high-performance platform with comprehensive capabilities, out-of-the-box processes and models, easy no-code configurability, and the ability to customize and amend functionality. We are giving our customers the power to create verification workflows that best meet their needs with just one contract and in one intuitive platform.”

The Trulioo platform launch marks an important milestone for the company. In less than two years, the Vancouver-based Trulioo has nearly doubled its staffing to 430 employees, assembled an impressive executive leadership team of industry experts, expanded into new vertical markets and broadened its corporate footprint to the United States, Ireland, Denmark, Romania and Singapore. In June 2021, Trulioo secured $394 million in Series D funding, led by TCV, one of the world’s largest growth equity firms. Additional investors include Goldman Sachs, American Express, Citi Ventures and Blumberg Capital.

Trulioo has created a platform that simplifies regulatory compliance across industries while enhancing the customer experience and building trust. For more information, visit www.trulioo.com

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About Trulioo 

Trulioo is dedicated to verifying the identity of anyone and any business around the world. The company’s identity platform drives global growth for organizations by helping them navigate the challenges of compliance and providing real-time verification of more than 5 billion people and 300 million businesses worldwide. By leveraging world-class technology designed to make identity verification faster and more efficient, Trulioo is opening the door to the digital economy for everyone on the planet.

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Jennifer Schenberg

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Alison Gallagher

Major platform update provides enhanced proof of address and anti-money laundering offerings to support customers in navigating complex regulatory landscapes

Vancouver, BC – June 7, 2022 –  Trulioo, the leading global identity verification company, today announced the release of a major product update to GlobalGateway, the company’s award-winning platform, that includes innovations in Anti-Money Laundering (AML) watchlist and proof of address offerings, and upgraded Know Your Business (KYB) verification capabilities. 

Organizations are facing increased regulatory pressure to ensure they’re monitoring new and existing customers against applicable sanctions lists while meeting increased expectations from consumers for fast and easy digital onboarding. The GlobalGateway updates announced today are designed to support Trulioo customers in meeting these expectations and complying with complex and varied regulatory requirements around the world. 

“As a global service provider, Trulioo must continuously innovate to meet an increasingly varied and diverse range of regulatory compliance requirements that our customers face every day,” said Michael Ramsbacker, Chief Product Officer, Trulioo. “We are dedicated to bringing forward solutions that address the changing needs of our customers and the market as a whole – both at the point of onboarding and beyond – and I am pleased to share that this GlobalGateway update does just that.” 

The update includes the launch of enhanced GlobalGateway Watchlist, UtilityID, and upgraded Business Verification. Together these services streamline the onboarding of consumers and businesses, as well as provide continuous monitoring for fraud, money laundering and illicit behavior throughout the customer lifecycle. 

GlobalGateway Watchlist is one of the most complete watchlist services on the market. It connects to customers’ eIDV onboarding journeys via a single API integration to provide screening and monitoring of an organizations’ users against 6,000+ global watchlists and 20,000+ Adverse Media lists – both at the point of onboarding and continuously thereafter. 

UtilityID is a consent-based identity verification service that uses utility provider data to verify addresses, removing the need for the manual download, upload and scanning of documents and other high-friction document verification processes. This also presents a more secure way to obtain address verification as utility documents are easily forged. With UtilityID, Trulioo customers can meet proof of address compliance requirements in real time, provide a faster onboarding experience, a higher level of address accuracy, and significantly reduce operation times associated with manual utility document and ID document review.

The enhanced Business Verification offering allows companies to verify a business’ details anywhere in the world, from high-level data to stringent Ultimate Beneficial Owner verification. It leverages revolutionary intelligence to address the complex challenges of conducting business at an international level, including managing varying regulations, diverse standards for Business IDs, addresses and local languages, as well as automatically selecting the best-suited source of information. Trulioo’s unmatched global network of data sources allows KYB customers to easily access accurate and up-to-date information that supports compliance requirements and due diligence.

To learn more about how Trulioo is integral to future-proofing onboarding and compliance goals visit trulioo.com. Trulioo will be on site at Money 20/20 Europe, June 7-9, 2022, visit booth D124 or book a GlobalGateway demonstration.

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About Trulioo

Trulioo is the leading global identity verification company, building trust online so that businesses and consumers can transact safely and securely. Trulioo provides real-time verification of 5 billion consumers and 330 million business entities worldwide — all through a single API integration. Organizations rely on its identity verification platform, GlobalGateway, to help meet their business and compliance requirements and automate due diligence and fraud prevention workflows. The Trulioo mission is to help provide every person on the planet with a digital identity to enable access to basic financial services and support. For more information, visit trulioo.com.

Media Contact
Lucy Screnci
[email protected]