Trulioo, an identity platform claiming global coverage for person and business verification, announced the launch of Trulioo credit decisioning, which is described as a capability that delivers financial, credit, and risk insights via the Trulioo identity platform. The roll-out follows a 102% YoY surge in U.S. Know Your Business (KYB) transaction growth.
As regulatory pressure increases and fraud becomes a lot more sophisticated, financial signals and creditworthiness have become “a critical factor in determining risk.” Trulioo credit decisioning drives smarter evaluation, routing, and decision-making “across onboarding by uniting identity, fraud and risk, and credit intelligence into one workflow.”
The capability layers real-time credit insights into a “single, intelligent platform with global scale, where combined signals feed AI-driven models that accelerate onboarding and improve decision accuracy.”
Zac Cohen, Trulioo’s chief product officer, said that they continue to push the boundaries of product development, “building the engine for onboarding businesses, understanding their risk profiles and driving faster, more confident growth.”
With credit decisioning, they are “uniting identity, fraud, and credit intelligence to redefine what streamlined, trusted onboarding looks like on a global scale.”
As covered, Trulioo is the world’s identity platform, leveraged by firms for their verification and fraud prevention needs. Offering business and person verification, Trulioo says it covers 195 different countries and is able to verify more than “14,000 ID documents and 700 million business entities while checking against more than 6,000 watchlists.”
Trulioo enables firms to prevent fraud with predictive risk signals, consortium data, and machine learning models. Its suite of in-house capabilities, integrated across an automated platform, powers onboarding workflows tailored to meet market requirements.
Combining its tech with expertise across markets, Trulioo says that it enables the required verification assurance levels, cutting down on onboarding costs and enabling trust in the digital economy.
