Following a $394 million Series D financing round last year to build the foundation for global financial inclusion, global identity verification leader Trulioo is strengthening pathways to create a more inclusive and trust-oriented digital economy.
With the ability to verify 5 billion consumers and 330 million business entities worldwide, Trulioo has identified a new type of compliance, risk and IT security leader within companies as a rising force of innovation – the ‘Champion of Trust’.
Today Trulioo launched a set of resources to support modern security professionals as they shape safety and security practices in the digital world. The new Champions of Trust microsite, designed to support these professionals on their career paths, amplify their contributions and foster collaboration in an industry that is quickly becoming a driving force of innovation.
The microsite spotlights interviews and insights from the first two Champions of Trust selected by Trulioo: Melissa Strait, Chief Compliance Officer at Coinbase, and Philippe Panneton, SVP of Risk and Underwriting at Nuvei.
“The majority of the world’s population continues to confront financial insecurity and there is still a great deal of work to be done to ensure that economic systems are fairer for people to access,” said Strait. “We’re simultaneously facing a digital ecosystem that is evolving quickly – technology is the main enabler to addressing both financial inclusion and an ever-changing risk landscape.”
The recently released white paper, ‘Champions of Trust: A new generation of leadership for a digital-first world’, found that enhanced brand trust is the most significant impact organizations cited (68%) when having Champions of Trust and being more identity-led in their approach. The benefits are so critical and wide-ranging that almost all businesses (94%) believe digital identity is an opportunity for competitive differentiation and industry collaboration.
“There’s no doubt about it, becoming more identity-led is going to be a defining feature of successful businesses in the coming years,” said Steve Munford, CEO, Trulioo. “Security and identity aren’t solely about defense, protection against bad actors and risk mitigation. It is also an opportunity to put processes in place that can be the foundation for business growth at a time when customers expect best-in-class service and onboarding. That’s why the rise to prominence of Champions of Trust is a game-changer.”
The Champions of Trust website features a Champion of Trust assessment tool for professionals to determine their baseline and uncover opportunities for growth, including steps they can take to navigate the practicalities of increases in risk, fraud and cybercrime while creating a safe, inclusive and sustainable digital ecosystem.
“The sooner folks in our field embrace the value of digital identity and the trust that comes with digital identity, the healthier the ecosystem will be,” Philippe Panneton, SVP of Risk and Underwriting at Nuvei. “Digital identity and trust are going to be the key to ensuring the global marketplace is safe and secure as it expands.”