Trulioo, an identity platform with global coverage for person and business verification, announced its latest match rate performance supported by data science, market expertise and ongoing innovation.
The Trulioo platform’s Person Match verification capability reportedly delivers flexible, intelligent data routing and sequencing with machine learning algorithms to “configure the precise combination and progression of data source matching during onboarding.”
Person Match calibrates to industry and regional nuances “across 75 top-transacting countries to ensure performance and results.”
Trulioo reports that it has “increased its Person Match network by 16%,” to around 500-plus partners, since the platform launch, “providing additional options to verify more than 3.2 billion people in 20 countries.”
That has led to faster verification times, “reduced onboarding costs and higher verification rates.”
Vishal Joy, director of risk and operations at Veem, a global payment platform fueling more than 800,000 businesses in more than 100 countries:
“Through multiple innovations, including increased data sources across the countries we serve, Trulioo plays a key role in Veem’s ability to ensure person and business identity verification. More data means more coverage and improved flexibility for us to do business with no added cost. The Trulioo platform has proven to be the right solution with the right support, allowing us to grow and scale our business.”
Trulioo algorithms and onboarding optimization are reportedly “setting new benchmarks in performance and value for banks, payment providers, fintechs, foreign exchanges, marketplaces and social media companies worldwide.”
Its benchmarking is said to “deliver verification rate increases while optimizing the cost of onboarding good, verified users.”
The Trulioo commitment to ongoing optimization, data science and never-ending innovation allows organizations to rapidly onboard people and businesses “while mitigating fraud and meeting regulatory requirements anywhere in the world.”
Steve Munford, Trulioo CEO, said:
“Trulioo leads the market by delivering a state-of-the-art identity platform with unique customization capabilities, intelligent routing and data excellence that drive exceptional match rates and performance improvements. Our agile identity platform provides data source verification in milliseconds and embodies the innovative spirit organizations rely on to overcome onboarding challenges today and in the future.”
Trulioo accelerates match rate precision through the data network and “gives its partners the ability to fine-tune onboarding for speed and efficiency.”
Organizations can customize their identity verification flows and data access “to streamline onboarding for compliant industry- and country-specific use cases.”