Trulioo today unveiled a partnership with Public, a US-based fintech platform for stocks, crypto, and other alternative assets that recently expanded its offerings to U.K. investors.
Public chose Trulioo’s identity verification tech to meet Anti-Money Laundering and Know Your Customer compliance requirements for its U.K. launch, according to a statement from the Vancouver company.
“We needed an identity verification partner that provided global capabilities to address our AML and KYC compliance requirements while enabling fast, secure customer onboarding,” explains Robin Spruell, Compliance Lead for the UK at Public.
As the digital landscape evolves and companies expand their global reach, fast and secure online identity verification that meets AML and KYC compliance requirements is a top priority, according to Steve Munford, chief executive of Trulioo.
“The Trulioo platform with blended in-house verification capabilities has proven itself to be a critical partner for Public’s U.K. launch,” Munford stated.
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Public employs Trulioo Person Match for customer verification during registration. Customizable onboarding workflows provide intelligent routing that directs users to data matching for minimal friction and ironclad compliance, he says.
“Trulioo delivered, and its expert guidance in configuring best practices, benchmarking and optimization has propelled us to maximum customer verification match rates,” said Spruell. “That ensures we achieve the highest onboarding assurance as we enter new markets.”
“Our collaboration, fuelled by expert guidance from our team, empowers Public to not only achieve compliance, but also to redefine its onboarding benchmarks,” added Munford. “This partnership is not just about meeting standards; it’s about setting new ones and ensuring Public maximizes its onboarding potential in the markets it serves today and wherever its global trajectory leads.”
Recently adding AI to its workflows, Trulioo’s verification tech is more advanced than ever, with major users including J.P. Morgan Payments.
Offering global coverage, the BC firm operates in 195 countries and can verify 12,000 ID documents and 700 million business entities while checking against more than 6,000 watchlists.
Trulioo was founded in 2011.
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