Identity verification platform Trulioo has unveiled new person-matching capabilities. The launch, announced Thursday (Aug. 24), gives companies an alternative to working with multiple vendors to verify identities using personally identifiable information (PII) and identity documents. “A piecemeal approach to person matching through multiple vendors has been a necessary...
Trulioo has debuted expanded versions of its know your customer (KYC) and know your business (KYB) identity verification tools. The updates include expanded geographic coverage, “localization and enhanced artificial intelligence” (AI) to help companies streamline their individual and business verification, according to a Tuesday (June 6) news...
Not knowing who’s on the other side of the transaction is expensive. As noted here last month, financial institutions (FIs) were fined nearly $5 billion for anti-money laundering (AML) violations, breaches of sanctions and flaws in know-your-customer (KYC) systems last year. That’s up 50% from 2021. ...
Identity security firm Trulioo has unveiled a global identity platform for personal and business verification. As the company noted in a Tuesday (Jan. 31) news release, the launch comes as a surge in eCommerce, mobile payments and digital currencies offers businesses chances for innovation and...
December 27, 2021
Problems around money laundering and tax evasion persist worldwide, and it’s clear that the regulatory landscape designed to prevent them from happening isn’t as robust as it ought to be. The reality is that banks and financial institutions generally view fines resulting from breaches of anti-money laundering (AML) and know your customer (KYC) regulations as […]
December 23, 2021
Being able to identify your customers accurately and quickly is no longer something cryptocurrency companies can afford to ignore. Increasingly, having a strong know your customer (KYC) and anti-money laundering...
December 15, 2021
Digital-first businesses were better equipped to take advantage of new market opportunities unleashed during the pandemic. In the past year, 92% of consumers made an online purchase, while 85% performed...
November 30, 2021
If the metaverse is a virtual world, will it need a virtual version of INTERPOL to police it for fraud and financial crimes? Like so many things about the nascent...
October 19, 2023
J.P. Morgan Payments has chosen Trulioo, a leading identity verification platform, to combat fraud and other financial crimes for its clients, according to an announcement Thursday (Oct. 19). The partnership aims to support a simplified and frictionless payments experience worldwide. Ryan Schmiedl, Managing Director – Global Head of Trust & Safety for J.P. Morgan Payments, […]
August 24, 2023
Identity verification platform Trulioo has unveiled new person-matching capabilities. The launch, announced Thursday (Aug. 24), gives companies an alternative to working with multiple vendors to verify identities using personally identifiable information (PII) and...
June 06, 2023
Trulioo has debuted expanded versions of its know your customer (KYC) and know your business (KYB) identity verification tools. The updates include expanded geographic coverage, “localization and enhanced artificial intelligence” (AI) to...
January 31, 2023
Identity security firm Trulioo has unveiled a global identity platform for personal and business verification. As the company noted in a Tuesday (Jan. 31) news release, the launch comes as...
