Trulioo has announced a new version of its global identity platform that is being described as “industry-defining.”
Trulio provides a service for both business and individual verification. Based in Vancouver, the firm has grown rapidly, adding big-name investors like Goldman Sachs and Amex. The company raised a $394 million Series D in 2021.
Steve Munford, Trulioo CEO, claims they provide the industry-leading capabilities for identification and verification in a world where these types of services are growing in demand.
Trulio notes that the surge in online shopping, mobile payments, and digital currencies presents opportunities. Still, it also poses challenges for businesses to mitigate fraud and meet evolving regulations such as KYC and AML requirements worldwide.
Trulio touts its single platform, single contract approach as well as a no-code/low code integration process.
“We built a platform that solves for the numerous identity verification challenges global enterprises face every day,” says Michael Ramsbacker, Trulioo chief product officer, adding that Trulio is the only company that offers a high performance and integrated services with comprehensive abilities.
