Identity verification company Truliooannounced this week it will be promoting financial inclusion across the globe via a new partnership with financial market data provider Refinitiv.
The two are hoping to foster financial inclusion by promoting access to digital identity solutions. By combining Trulioo’s GlobalGateway solution with Refinitiv’s risk intelligence, banks can verify billions of customers online while remaining compliant with AML and KYC regulations and ultimately reduce fraud.
“The combination of Refinitiv’s trusted data and compliance expertise and Trulioo’s identity verification capabilities and global coverage, will bring modernized KYC processes to thousands of financial institutions around the world, and in turn, help millions of underbanked gain access to the financial services they deserve,” said Stephen Ufford, CEO of Trulioo. “Both organizations share a common mission of supporting financial inclusion through the power of world-class data and technology.”
Trulioo’s GlobalGateway maintains information on more than 5 billion people. Combined with Trulioo’s Digital Identity Network, the GlobalGateway database enables organizations to run identity verification checks on a wide range of the global population.
Founded in 2011, Trulioo leverages 400 data sources to offer verification of 4.5 billion personal identities and 250 businesses in 80+ countries. The Canada-based company also offers a data exchange platform that allows data partners to provide access to consumer data for electronic identity verification purposes, allowing them to set bid prices for electronic ID verification on a region-by-region basis.
At FinovateSpring 2019, Trulioo’s Head of Growth, Anatoly Kvitnitsky, demonstrated GlobalGateway’s instant onboarding with EmbedID. EmbedID enables businesses to query Trulioo’s GlobalGateway API to instantly verify customers in multiple markets by embedding a snippet of code to their website.
A look at the companies demoing live at FinovateSpring on May 8 through 10, 2019 in San Francisco, California. Register today and save your spot.
Trulioo presents EmbedID, a fast and simple way for startups and developers to verify customers across multiple markets while supporting AML/KYC compliance requirements.
EmbedID will allow companies to:
Integrate and test Trulioo’s identity verification API in minutes
Fully customize onboarding fields and forms
Verify customers in real-time
Why it’s great
With only a few lines of code embedded into any website, Trulioo’s EmbedID enables organizations to verify over five billion identities worldwide.
Anatoly Kvitnitsky, Vice President of Growth
Kvitnitsky has a wealth of experience working in fintech and identity markets, and is committed to helping solve identity challenges that organizations face in scaling their products for global use. LinkedIn
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.
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