Trulioo, an identity platform with proven global coverage for person and business verification, announced steady growth in U.S. Know Your Business (KYB) transaction volume with a considerable year-over-year increase. The KYB growth is said to have helped fuel an increase in U.S. verification volume across Trulioo products. The Trulioo identity platform has processed a significant number of transactions for U.S. customers.
Research conducted recently revealed the verification market is undergoing a transition, with nearly “94% of companies that use integrated identity platforms reporting Know Your Customer (KYC) and KYB management has become easier.” Unified platforms are driving consolidation of payment and identity verification systems “as organizations abandon fragmented, multivendor approaches.”
Trulioo Chief Executive Officer Vicky Bindra said that we are now witnessing the “end of the patchwork era in identity verification.” Bindra added that Trulioo is enabling the transformation for banks, payments firms, fintechs and digital marketplaces that require a single, global platform for onboarding.
He also stated that their technology delivers the verification depth U.S. enterprises need across markets, “ensuring they can visibility improve performance, eliminate false positives and reduce fraud and loss rates.”
The Trulioo unified platform continues to focus its role in the verification market.
Platforms are choosing Trulioo to enable onboarding, lower risk and slash overall operational costs.
Some features:
- Payments: A global online payment platform consolidated from multiple vendors to a single Trulioo integration and now achieves 90%-plus verification rates across government IDs
- Cryptocurrency Breakthrough: A U.S.-based cryptocurrency exchange expanded its use of Trulioo in May 2025 and increased verification rates from 11% to 60%, outperforming competitors by 15%
- Marketplace Transformation: A global marketplace boosted verification success from 77% to 87% by removing Social Security number requirements and streamlining onboarding with Trulioo
- Trading Platform Efficiency: An online trading company achieved a 10% reduction in KYC verification costs while maintaining high match rates
With local expertise and international coverage, the Trulioo identity platform aims to unite documentary, nondocumentary and business verification through a single API. That allows enterprises to boost security, enhance conversion rates and address compliance standards in any market.