How they describe themselves: Trulioo helps organizations instantly verify 5 billon people and 330 million businesses through a single API. Hundreds of businesses around the world use Trulioo to digitally verify customers, increase trust and safety, meet AML/KYC compliance requirements and mitigate fraud risks. Identity verification is mission-critical to participate in today’s digital, borderless economy. It’s particularly pertinent for people without access to traditional identity documentation (the underbanked) who face countless barriers when attempting life’s most basic tasks.
How they describe their product/innovation: GlobalGateway Business Verification gives regulated entities certainty about their business customers and confidence that they are meeting Customer Due Diligence (CDD) requirements. This AI-powered solution automates the entire Know Your Business (KYB) workflow, retrieving company vitals from government registrars in over 80 countries and non-government sources in over 195 countries. Companies can instantly verify business entity information, perform watchlist checks, and identify and verify the beneficial owners of the businesses.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed