VANCOUVER, British Columbia-(BUSINESS WIRE)–Trulioo Launches Industry-Defining Global Identity Platform for Individual and Business Verification. The Trulioo platform showcases the company’s expertise and innovation in helping businesses around the world 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 identity and business verification solutions with code-free workflow building, low-code integrations and more, all in one platform. With one contract, Trulioo customers can access Personal Information Matching, ID Verification, Proof of Address Utility Data, Significant Control Person In-Depth Business Verification and Ultimate Beneficial Owner Verification, Watch List Verification, and ongoing monitoring, and anti-fraud capabilities.
“Trulioo is the identity platform that businesses turn to to solve the inherent complexity of customer onboarding globally,” said Steve Munford, CEO of Trulioo. “We enable businesses to offer their goods and services in almost any 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.”
Fighting digital mistrust and fraud
The rise of online shopping, mobile payments and digital currencies in recent years provides opportunities for innovation and growth. But it also poses challenges for businesses to mitigate fraud and meet changing 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 that are multinational,” says David Mattei, strategic advisor at Aite-Novarica Group. “Meeting KYC, KYB and AML requirements across multiple countries, multiple sources of identity data and country-specific regulatory environments is a significant challenge. On top of that, companies need customizable workflows to implement these types of solutions into their ecosystems. A solution that combines identity verification and compliance on a global scale while being configurable by the customer 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 streamline onboarding and create an intuitive user experience that builds trust and inclusion. Trulioo leverages extensive expertise, customized identity verification workflows, and comprehensive global data sources to enable customers to take their business anywhere in the world.
In addition to global person and business verification services, Trulioo provides:
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Trulioo portal providing single sign-on access to all verification services, no-code and low-code integration methods, auditable reporting and performance analysis
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Workflow Studio, a no-code workflow builder, enabling users to quickly build, configure and deploy logic-driven identity workflows
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API Direct, providing an option to connect any Trulioo service to an existing system through a single, low-code API
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Connection to third-party applications and external first-party data sources
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Navigator, an online education center that makes the solution and industry expertise accessible with guided workshops and best practice training
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Hassle-free service and ongoing support from trusted experts, including data source research and process optimization
“We’ve built a platform that solves the many identity verification challenges that global enterprises face every day,” said Michael Ramsbacher, Trulioo’s Chief Product Officer. “Trulioo is the only company that provides 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 change functionality. We give our customers the power to create verification workflows that best suit their needs with just one contract and in one intuitive platform.”
The launch of the Trulioo platform marks an important milestone for the company. In less than two years, Vancouver-based Trulioo has nearly doubled its staff to 430 employees, assembled an impressive leadership team of industry experts, expanded into new vertical markets and expanded 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 largest growth equity firms in the world. Additional investors include Goldman Sachs, American Express, Citi Ventures and Blumberg Capital.
Trulioo has created a platform that simplifies regulatory compliance across industries while improving the customer experience and building trust. For more information, visit www.trulioo.com.
About Trulioo
Trulioo is dedicated to verifying the identity of each and every business in the world. The company’s identity platform drives the global growth of organizations by helping them address compliance challenges and providing real-time verification to 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.