back Back

Trulioo accelerates product innovation to safeguard global businesses

By Joy Dumasia

June 13, 2022

  • AML
  • Anti - Money Laundering
  • Compliance
Share

Trulioo, the global identity verification company, announced the release of a major product update to GlobalGateway, the company’s award-winning platform, that includes innovations in Anti-Money Laundering (AML) watchlist and proof of address offerings and upgraded Know Your Business (KYB) verification capabilities.

Organizations are facing increased regulatory pressure to ensure they’re monitoring new and existing customers against applicable sanctions lists while meeting increased expectations from consumers for fast and easy digital onboarding. The GlobalGateway updates announced are designed to support Trulioo customers in meeting these expectations and complying with complex and varied regulatory requirements worldwide.

“As a global service provider, Trulioo must continuously innovate to meet an increasingly varied and diverse range of regulatory compliance requirements that our customers face every day,” said Michael Ramsbacker, Chief Product Officer, Trulioo. “We are dedicated to bringing forward solutions that address the changing needs of our customers and the market as a whole both at the point of onboarding and beyond, and I am pleased to share that this GlobalGateway update does just that.”

The update includes the launch of enhanced GlobalGateway Watchlist, UtilityID, and upgraded Business Verification. Together, these services streamline the onboarding of consumers and businesses and provide continuous monitoring for fraud, money laundering and illicit behaviour throughout the customer lifecycle.

GlobalGateway Watchlist is one of the most complete watchlist services on the market. It connects to customers’ eIDV onboarding journeys via single API integration to provide screening and monitoring of an organization’s users against 6,000+ global watchlists and 20,000+ Adverse Media lists both at the point of onboarding and continuously thereafter.

UtilityID is a consent-based identity verification service that uses utility provider data to verify addresses, removing the need for the manual download, upload and scanning of documents and other high-friction document verification processes. This also presents a more secure way to obtain address verification as utility documents are easily forged. With UtilityID, Trulioo customers can meet Proof of Address compliance requirements in real-time, provide a faster onboarding experience, a higher level of address accuracy, and significantly reduce operation times associated with manual utility document and ID document review.

The enhanced Business Verification offering allows companies to verify a business’ details anywhere in the world, from high-level data to stringent Ultimate Beneficial Owner verification. It leverages revolutionary intelligence to address the complex challenges of conducting business at an international level, including managing varying regulations, diverse standards for Business IDs, addresses and local languages and automatically selecting the best-suited source of information. Trulioo’s unmatched global network of data sources allows KYB customers to easily access accurate and up-to-date information that supports compliance requirements and due diligence.

Previous Article

June 13, 2022

BankProv provides Banking-as-a-Service support for Etana Custody

Read More
Next Article

June 13, 2022

Virgin Money partners with SurePay to prevent fraud and misdirected payments

Read More










IBSi Daily News Analysis

banking, customers,

December 02, 2022

AML

Why are banking players flocking to Middle Eastern digital banks?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

November 28, 2022

Facctum releases open access platform to combat financial crime

Read More

November 18, 2022

Financial Sector’s Governance and Risk Management in the context of geopolitical, economic, and industry developments to be discussed at the upcoming GRC Summit in Dubai

Read More

November 07, 2022

DKK Partners joins the London Chamber of Commerce

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022