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Trulioo Can Now Verify Customers in 4 New Countries

To 100 countries and beyond! Identity verification specialist Trulioo announced this week it is bulking up the list of countries for which it is able to conduct electronic identity verification (eIDV).

Customers in Bahrain, Georgia, Iceland, and Qatar can now be verified via GlobalGateway, a database that enables organizations to run identity verification checks on a wide range of the global population. GlobalGateway’s online eIDV service helps businesses comply with AML and KYC rules, as well as a range of international electronic identity verification requirements. The service offers organizations real-time access to more than 400 data sources to verify five billion people in more than 100 countries.

Each of the four countries has recently enhanced its efforts to counter online fraud. For Bahrain and Iceland, this move was motivated by the Financial Action Task Force (FATF), which said that Bahrain needed to bolster its AML and Counter Terrorist Financing (CTF) systems. The task force also recommended that Iceland take steps to mitigate money laundering.

Qatar recently created a Memorandum of Understanding signed by both the country’s General Authority of Customers and the Financial Information Unit. And Georgia is participating in an EU partnership program to promote AML and Counter Terrorist Financing (CTF) in accordance with European and international standards.

“Fraud and money laundering have hit these four countries especially hard and as a result they are navigating complex regulatory waters. Adhering to strict compliance requirements while successfully fighting financial crime is no easy task,” said Stephen Ufford, CEO and founder of Trulioo. “By extending our identity verification capabilities, organizations can quickly verify the identities of consumers in these markets, while also increasing trust, privacy, and access to digital financial services.”

Combined, these four countries have more than 8 million residents. Being able to verify identities of this group places Trulioo one step closer to its mission to provide (KYC) and AML-compliant identity verification for every individual around the globe.

In addition to today’s four countries, Trulioo recently added Malta, Bangladesh, Poland, and the Philippines to its Global Gateway coverage. The company is now able to verify more than two-thirds of the world’s population.

In addition to Global Gateway, Trulioo 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 and instantly verify customers in multiple markets by embedding a snippet of code to their website. Trulioo will demo its latest technology later this year at FinovateFall, which begins September 23rd in New York. Register today to be part of the action.