Trulioo offers a global identity verification platform that streamlines customer and business onboarding. It provides a single API for person and business verification, fraud intelligence, and watchlist screening, enabling businesses to meet regulatory compliance and reduce risk worldwide.
Funding
$394M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face challenges in verifying the identities of individuals and entities globally, which is essential for regulatory compliance, fraud prevention, and building trust. Traditional verification methods can be fragmented, slow, and lack the necessary global reach and data depth to effectively mitigate risks in diverse markets.
Solution
Trulioo provides a comprehensive global identity verification platform designed to streamline customer and business onboarding. The platform integrates various verification capabilities, including person verification, business verification, and fraud intelligence, through a single API. This allows organizations to customize workflows to meet specific regulatory requirements and risk appetites across different regions. By leveraging an extensive network of global and local data sources, Trulioo aims to enhance verification assurance, reduce fraud, and facilitate seamless global expansion for its clients.
Target Audience
Trulioo serves businesses across various industries, including banking, cryptocurrency, forex, marketplaces, online trading, payments, remittance, and wealth management, that require robust identity verification for customer onboarding, regulatory compliance, and fraud prevention.
Features
- Global Identity Platform: Offers a unified solution for identity verification across 195 countries.
- Person Verification: Blends multiple verification capabilities, including Person Match and Identity Document Verification, for enhanced onboarding assurance.
- Identity Document Verification: Utilizes AI and machine learning for document and biometric checks to detect synthetic identities and injection attacks.
- Electronic Identification: Provides access to digital IDs from various issuers through a single contract and API integration.
- Business Verification: Enables verification of business entities worldwide, supporting over 500 business registration number formats and normalizing 150 data fields.
- Fraud Intelligence: Incorporates predictive risk signals, consortium data, and machine learning models to mitigate synthetic identity and third-party fraud.
- Watchlist Screening: Scans against over 6,000 global watchlists and 20,000 adverse media sources for AML/KYC compliance.
- Workflow Studio: A no-code, drag-and-drop tool for customizing verification workflows based on risk levels, demographics, and compliance needs.
- Data Coverage: Access to over 450 data sources and verification of more than 14,000 ID document types.
- Compliance Support: Facilitates adherence to regulations such as KYC, KYB, AML, INFORM Consumers Act, and DAC7.