Trulioo, a leading global identity verification company, has officially expanded to Singapore in response to rapidly growing customer demand in the Asia-Pacific (APAC) region.

Asia has nearly 3 billion internet users and is experiencing substantial growth in digital transformation. Fintech adoption in the region is growing rapidly, with Hong Kong, Singapore and South Korea at 67%, and India nearing China’s 87% penetration.

China and India represent two-thirds of the region’s mobile payment users. The Philippines, India and Indonesia reached more than 20% retail eCommerce sales growth in 2022.

Asia has a positive overall economic trend with more than 1 billion people expected to join the global middle class by 2030.

The move into Asia allows Trulioo to directly serve its extensive and expanding enterprise-level APAC customer base and partners.

“As businesses in the Asia-Pacific region continue to shape the future of our digital world,” said Trulioo CEO Steve Munford, “Trulioo is pleased to work alongside them to establish trust online.”

Advancing regulatory technology in Singapore

Singapore is an excellent launching point for companies to expand their presence in the APAC region. It has strong financial markets, close working relationships with countries in the region and is a leader in adopting new financial technologies. Singapore is an important global economic hub and topped Coincub’s 2021 ranking of countries prepared for cryptocurrency.

Singapore offers a transparent and robust legal system, including strict Anti-Money Laundering (AML), Know Your Customer (KYC) and Proof of Address requirements. Adding operations in Singapore allows Trulioo to expand its offering of sophisticated compliance solutions for enhanced customer onboarding across global markets.

“Ivan Yang, our APAC director, and his team are excited to work closely with our customers and partners in the region as they set the stage for innovation and technical advancement across industries,” Munford said.

Trulioo can help companies expanding into the region by quickly verifying identities and businesses in Singapore and surrounding countries, including Brunei, Cambodia, China, Timor-Leste, Laos, Malaysia, Myanmar, the PhilippinesVietnam,  Indonesia and Thailand.

Trulioo Singapore strengthens the company’s global presence, which includes corporate headquarters in Vancouver, British Columbia, and offices across North America and Europe. Trulioo has deep roots in the APAC region, and the expansion further bolsters the company’s 24/7 support for its products and services, comprehensive data coverage with leading match rates and partnerships in emerging markets.

Company meets Asia-Pacific customers’ surging demand for global digital identity verification services

Vancouver, British Columbia, and Singapore – Sept. 27, 2022 Trulioo, a leading global identity verification company, has officially expanded to Singapore in response to rapidly growing customer demand in the Asia-Pacific (APAC) region. The move allows Trulioo to directly serve its extensive and expanding enterprise-level APAC customer base.

“As businesses in the Asia-Pacific region continue to shape the future of our digital world, Trulioo is pleased to work alongside them to establish trust online,” said Steve Munford, CEO of Trulioo. “Ivan Yang, our APAC director, and his team are excited to work closely with our customers and partners in the region as they set the stage for innovation and technical advancement across industries.” 

Singapore is an important global economic hub and topped Coincub’s 2021 ranking of countries prepared for cryptocurrency, which represents a significant share of the Trulioo customer base. Cryptocurrency exchanges rely on Trulioo to provide strong Anti-Money Laundering, Know Your Customer and Proof of Address compliance solutions and enhanced customer onboarding across global markets. 

Trulioo Singapore strengthens the company’s global presence, which includes corporate headquarters in Vancouver, British Columbia, and offices across North America and Europe. Trulioo has deep roots in the APAC region, and the expansion further bolsters the company’s 24/7 support for its products and services, comprehensive data coverage with leading match rates and partnerships in emerging markets. 

Trulioo will be at Token2049 from Sept. 27–29, 2022, in Singapore, and Trulioo Chief Compliance Officer, and global compliance industry veteran, Reno Mathews will participate in the panel discussion “Regulatory Advances in Crypto.” Trulioo representatives will be at booth P42 during the event for demonstrations and to discuss how Trulioo helps businesses verify customers’ identities in real time, increasing access to financial services and products to power financial inclusion.

Learn how Trulioo supports businesses in APAC and beyond with digital identity verification

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About Trulioo

Trulioo is a leading global identity verification company, building trust online so 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

Alison Gallagher

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2020 CNBC Disruptor 50 Company

Trulioo is thrilled to be named to the 2020 CNBC Disruptor 50 List, CNBC’s eighth annual list of the country’s most innovative companies. As the Cambridge Dictionary defines a disruptor as “a company that changes the traditional way an industry operates, especially in a new and effective way,” the recognition is greatly appreciated.

Trulioo is ranked #27 in the 2020 CNBC Disruptor 50 List. This is the second time that Trulioo has been included in the list of innovative private companies changing the world.

“It’s truly an honor to be named one of 50 in CNBC’s Disruptor List,” said Steve Munford, President and CEO of Trulioo. “We’ve worked tirelessly to serve 5 billion people and 330 million businesses globally. This ranking validates the hard work of our entire team. It underscores the growing importance of identity verification in response to global challenges requiring companies to meet the highest standards in compliance and security.”

Building trust online

The Trulioo mission of trust, privacy and inclusion is to make sure no one is left behind and everyone participates fully in the modern digital economy. Digital identities offer consumers secure and private ways to interact and transact, and offer businesses ways to build trust with customers, suppliers, third parties and all their connections. By leveraging hundreds of unique and reliable data sources across the world, including emerging markets that lack identity data, the Trulioo identity verification platform, GlobalGateway, enables businesses to meet compliance requirements, mitigate fraud risks, and increase trust and safety online.

“Today’s digital economy is increasingly complex. Between the growing mobile adoption in emerging markets, varying regional compliance requirements and the heightened fraud landscape, it’s important for businesses to take the necessary steps to enhance and optimize identity verification and fraud prevention processes,” said Munford.

The list features the country’s most ambitious and innovative companies changing the economy and revolutionizing the overall business landscape. Companies were ranked based on CNBC’s proprietary blend of quantitative and qualitative inputs. This year, the list also accounted for the business impact of COVID-19 on disruptive startups.