Trulioo Announces Four New Customers in the Banking Industry

Financial services providers rely on identity verification for seamless and secure customer onboarding

Trulioo Announces Four New Customers in the Banking Industry

Trulioo Announces Four New Customers in the Banking Industry

Vancouver, B.C., February 16, 2022Trulioo, the global identity verification leader, today announced four new customers in the banking industry: Bambu Systems, Guardian Gold, Nerve and Simba. With Trulioo GlobalGateway, the world’s largest network of identity data and services, financial institutions can deploy identity checks that help them satisfy Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance requirements.

“Expectations are at an all-time high when it comes to digital experiences and Trulioo is proud to help organizations meet their customers’ needs,” said Steve Munford, CEO, Trulioo. “At the onset of the pandemic, we examined consumer perceptions around digital account opening. We found that when a financial services firm incorporated real-time identity verification as part of their onboarding, 83% of people were less likely to abandon the account creation process.”

In addition to adverse effects on customer acquisition, poor onboarding experiences detrimentally impact brand perception, with Trulioo research revealing that 80% of consumers held greater trust in brands that use identity verification as opposed to those who didn’t. 

“Both legacy and challenger banks trust Trulioo and its range of solutions to scale innovative global compliance programs while delivering positive customer experiences. We’re pleased to partner with these organizations to continue to support their compliance and risk mitigation initiatives and to help them onboard customers around the world,” added Munford.

The following financial services providers are amongst Trulioo’s growing roster of customers around the globe:

GlobalGateway provides access to over 400 data sources to reliably and securely verify the identities of over 5 billion individuals around the world through one API.

Learn how Trulioo helps digital banks meet AML/KYC compliance requirements and deliver seamless onboarding experiences here.

About Trulioo
Trulioo is the leading global identity verification company, building trust online so that businesses and consumers can transact safely and securely. Trulioo provides real-time verification of 5 billion consumers and 330 million business entities worldwide — all through a single API integration. Organizations rely on its identity verification platform, GlobalGateway, to help meet their business and compliance requirements and automate due diligence and fraud prevention workflows. The Trulioo mission is to help provide every person on the planet with a digital identity to enable access to basic financial services and support. For more information, visit trulioo.com.

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