Trulioo, an identity platform with worldwide coverage for person and business verification, announced its instant results capability helped an enterprise organization increase verification speed by 56%.
Trulioo claims in its latest update that instant results has reduced the organization’s average onboarding time by “two seconds across 10 countries.”
Regtech company Trulioo further noted that it has delivered the operational efficiencies without “compromising accuracy.”
The 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.”
The instant results capability is available to all Trulioo customers as part of the Trulioo platform.
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 identity verification continues to grow as organizations face regulatory requirements, fraud threats and expectations for better onboarding experiences.
The increase in transaction volume highlights how enterprise partners trust Trulioo to deliver “accurate, real-time identity verification results that help ensure fast, secure and compliant onboarding.”
Trulioo counts as its customers large U.S. banks, global digital payment processors and international foreign exchange brokers.
Partnerships with J.P. Morgan Payments, Airwallex, Mastercard and Capital.com have “cemented” Trulioo as a partner for enterprises.
As covered, Trulioo is the digital identity platform, “trusted” by companies for their verification and fraud prevention needs.
Offering business and person verification, Trulioo covers 195 countries and can verify 14,000+ ID documents and 700 million business entities while checking against 6,000+ watchlists.
Trulioo enables companies to prevent fraud with predictive risk signals, consortium data and machine learning models.
Its capabilities, integrated across a single automated platform, powers onboarding workflows tailored to meet market requirements.
Combining its tech with expertise across markets, Trulioo enables high assurance levels, “optimizing onboarding costs and fostering trust in the global digital economy.”