Verification Platform Reinforces Industry Leadership With 33% Year-Over-Year Increase in Enterprise Transaction Volume

LAS VEGAS: Money20/20 USA — Trulioo (Money20/20 booth 1032), an industry-leading identity platform with proven worldwide coverage for person and business verification, today announced its instant results capability helped an enterprise organization increase verification speed by 56%.

Instant results has reduced the organization’s average onboarding time by two seconds across 10 countries. Trulioo delivered the operational efficiencies without compromising accuracy.

The new instant results capability highlights the Trulioo commitment to ongoing innovation that meets the need for faster verification results. The capability helps organizations improve processing times while maintaining verification integrity and meeting compliance requirements.

“Trulioo continues to strengthen its platform through strategic innovations in data sequencing and intelligent routing, all through a single, modern API,” said Hal Lonas, Trulioo chief technology officer. “With our platform's capability to deliver faster verification results, businesses can streamline onboarding, reduce friction and drive growth. Our dedication to innovation gives our enterprise partners an ongoing strategic advantage that allows them to navigate complex customer onboarding with confidence.”

The instant results capability is now available to all Trulioo customers as part of the Trulioo platform. For more information, please reference the instant results infographic.

Innovation Fuels Trulioo Transaction Volume Growth

The Trulioo mission of constant innovation to help its partners meet their global goals led to a 33% year-over-year increase in transaction volume among top enterprise customers.

The demand for robust identity verification continues to grow as global organizations face evolving regulatory requirements, sophisticated fraud threats and rising expectations for exceptional onboarding experiences. The increase in transaction volume highlights how enterprise partners trust Trulioo to consistently deliver accurate, real-time identity verification results that help ensure fast, secure and compliant onboarding.

Trulioo counts as its customers three of the five largest U.S. banks, six of the top seven global digital payment processors and four of the top five international foreign exchange brokers. Recent strategic partnerships with J.P. Morgan Payments, Airwallex, Mastercard and Capital.com have further cemented Trulioo as a trusted partner for global enterprises.

Trulioo will deliver two presentations at Money20/20 USA.

• “Steady Wins the Race: How AI Innovation Influences Trust & Safety,” Oct. 28 at 2:45 p.m. on the Sentient Stage with J.P. Morgan Payments, Walmart and OpenAI
• “The Global Scale of Money Laundering,” Oct. 29 at 9:30 a.m. on the Converge Stage with Coinbase, eBay Payments and Onbe

Visit booth 1032 at Money20/20 to learn more about how instant results and the Trulioo platform provide verification agility, security and compliance for enterprise customers across the globe.

About Trulioo

Trulioo is the world’s identity platform, trusted by leading companies for their verification and fraud prevention needs. Offering business and person verification across the globe, Trulioo covers 195 countries and can verify more than 14,000 ID documents and 700 million business entities while checking against more than 6,000 watchlists. Trulioo enables global companies to prevent fraud with hundreds of predictive risk signals, consortium data and industry-specific machine learning models. Its comprehensive suite of in-house capabilities, integrated across a single automated platform, powers customizable onboarding workflows tailored to meet any market requirement. Combining its state-of-the-art technology with expertise across diverse markets, Trulioo enables the highest verification assurance levels, optimizing onboarding costs and fostering trust in the global digital economy.

Fonte: Business Wire