Identity platform Trulioo is reporting a “surge” in remittance-related transaction volume via its platform. The company says that it has experienced a 142% year over year increase in cross border payments that utilized its verification services. Digital payments and transfers are pretty much the norm everywhere, ensuring valid transitions is paramount.
Hal Lonas, Trulioo chief technology officer, says that widespread adoption of its platform is accelerating rapid and secure transactions leveraging their identity process.
“As we continue to innovate, our technology empowers companies to make informed, data-driven decisions and efficiently manage the complexities of international transactions. We are proud to hold the trust of leading remittance brands in a rapidly expanding global industry.”
Trulioo currently covers 195 countries and claims it can verify more than 14,000 ID documents and 700 million business entities while checking against more than 6,000 watchlists to validate a transaction.
