Trulioo Enhances Instant Identity Verification Efforts
Trulioo Revolutionizes Identity Verification
Trulioo, an industry-leading identity platform, stands at the forefront of identity verification solutions. With its recent announcement at Money20/20, the company revealed that its instant results capability has enabled enterprises to enhance their identity verification speed by an impressive 56 percent.
Boosting Onboarding Efficiency
This significant boost in speed translates to considerable time savings, with average onboarding times reduced by two seconds across ten different countries. The introduction of instant results reflects Trulioo’s commitment to innovation and its mission to streamline processes without sacrificing accuracy.
Enhancing Verification Integrity
The ability to deliver instant results means organizations can process verifications more rapidly, addressing the growing need for efficiency in compliance with ever-evolving regulatory requirements. Trulioo’s dedication to maintaining verification integrity while speeding up processes has positioned it as a trusted partner in the industry.
Statements from the CTO
Hal Lonas, Trulioo's Chief Technology Officer, emphasized the company’s innovative advancements. He stated, “Our platform's capability to deliver faster verification results allows businesses to streamline onboarding, reduce friction, and propel growth. The commitment to innovation provides our enterprise partners with a strategic advantage in navigating the intricate landscape of customer onboarding.”
Availability and Impact on Transactions
Trulioo's instant results capability is now accessible to all users of the platform, marking a significant step in their service offerings. Another noteworthy aspect shared by the company is a remarkable 33% year-over-year increase in transaction volumes among its top enterprise clients. This growth highlights the robustness of Trulioo's solutions as organizations strive to meet intricate regulatory standards and combat sophisticated fraudulent activities.
Trust from Major Clients
Trulioo’s wide client base speaks to its reliability; it counts among its customers three of the five largest banks in the U.S., six of the top seven digital payment processors, and four of the biggest foreign exchange brokers internationally. This level of trust indicates the effectiveness of Trulioo's verification services in delivering real-time identity results.
Strategic Partnerships
Recent collaborations with notable financial institutions and innovative service companies like J.P. Morgan Payments, Airwallex, and Mastercard further bolster Trulioo’s reputation as a vital partner for global enterprises seeking secure verification solutions. These partnerships signify a growing recognition of the critical role that identity verification plays in business operations.
Upcoming Presentations
During the Money20/20 event, Trulioo will present vital insights into their advancements in identity verification. Their discussions will include topics such as how AI impacts trust and safety and the broader implications of global money laundering trends.
Engagement at Money20/20
Attendees of Money20/20 can visit booth 1032 to explore Trulioo's instant results offerings and learn how the platform enhances agility, security, and compliance for enterprise customers around the world.
About Trulioo
Trulioo stands as the world's leading identity platform, dedicated to helping enterprises with their verification and fraud prevention needs. The company boasts an extensive coverage, with services available in 195 countries, verifying over 14,000 types of ID documents and 700 million business entities. With the backing of advanced machine learning models and predictive risk signals, Trulioo customizes onboarding workflows tailored to various market requirements, ensuring the highest assurances in verification while minimizing costs. In an evolving digital economy, Trulioo's solutions foster trust and facilitate seamless onboarding experiences.
Frequently Asked Questions
What is the primary benefit of Trulioo's instant results capability?
The primary benefit is the significant increase in verification speed, improving onboarding processes.
How does Trulioo ensure accuracy while speeding up processes?
Trulioo combines innovative technology and rigorous verification standards to maintain high accuracy levels.
Who are some of Trulioo's notable clients?
Trulioo counts three of the five largest U.S. banks and several top global payment processors among its clients.
What types of organizations can benefit from Trulioo's services?
Any organization needing reliable identity verification, particularly those in finance and digital services, can benefit from Trulioo's platform.
Where can I learn more about Trulioo's offerings?
Visit Trulioo's booth at Money20/20 or their official website for more information on their capabilities.
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