Trulioo and Acuant Join Forces to Provide Comprehensive Global Identity Solution for Fraud Prevention and AML/KYC Compliance

VANCOUVER, B.C., June 12, 2018 /PRNewswire-PRWeb/ -- Trulioo, the leading global identity and business verification provider, has partnered with Acuant, a global provider of data capture and identity authentication solutions, to supplement its online identity verification marketplace, GlobalGateway. The partnership offers consumers a swift onboarding experience while ensuring regulated businesses adhere to cross-border Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance requirements.

By joining forces, Trulioo's GlobalGateway API electronic identity verification coverage of 4.5 billion people now includes Acuant's AssureID to offer data capture, auto-fill, document authentication, and facial recognition software. Built for efficiency and accuracy in its processing, Acuant's technology leverages human-assisted machine learning and applies more than 50 forensic and biometric tests in seconds

"Today's consumers expect to shop, pay, and bank on their mobile devices from anywhere and at any time," said Stephen Ufford, CEO of Trulioo. "By partnering with companies like Acuant, businesses have access to reliable global data sources and trusted authentication technologies to instantly verify and authenticate identities online without compromising convenience or security."

Working in tandem, document authentication and facial recognition combined with AML/KYC compliant electronic identity verification offers an effective and masterful identity proofing solution to help reduce fraud and root out financial crime during account creation.

"Our partnership with Trulioo will help customers leverage data, analytics and machine learning to quickly verify identities while dramatically reducing fraud," said Acuant President and CEO Yossi Zekri. "Managing millions of digital transactions every year for billions of people on the planet is a large and complex task. As such, Acuant is constantly updating and expanding its library to reach across not only every US state and Canadian Province, but over 190 countries worldwide."

About Trulioo

Trulioo is a global identity and business verification company that provides secure access to reliable, independent, and trusted data sources worldwide to instantly verify consumers and business entities online. Trulioo's bank-grade online verification platform, GlobalGateway, helps organisations comply with Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements by automating Know Your Customer (KYC) and Know Your Business (KYB) workflows. Trulioo supports over 500 global clients to instantly verify 4.5 billion customers and 250 million business entities in over 100 countries - all through a single API integration. Named as a 2017 CNBC Disruptor 50 Company, Trulioo's mission is to solve global problems associated with verifying identities by powering fraud prevention and compliance systems for customers worldwide in an effort to increase trust and safety online. For more information visit trulioo.com.

About Acuant

Acuant is an identity verification platform that instantly reduces fraud while providing seamless customer experiences. Solutions include intelligent data capture and auto-fill software, identity document authentication, chip and ePassport authentication with PKI, facial recognition software and expert manual review of documents. Human assisted machine learning powers the largest ID library processing 196+ countries monthly and having completed more than 3 billion transactions worldwide.

Acuant mitigates risk and meets regulatory requirements such as KYC and AML, while protecting PII. Partners include start-ups, Fortune 500 and FTSE 350 organizations in all industries. For more information, please visit acuantcorp.com.

SOURCE Trulioo