Trulioo Brings Improved AML, KYB, and PoA to Its GlobalGateway Platform

Trulioo Brings Improved AML, KYB, and PoA to Its GlobalGateway Platform
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Trulioo a global RegTech (Regulatory Technology) organization that builds and connects digital identity networks throughout the world and this framework of trust empower firms and enterprises to evaluate different risks associated with digital identities. It offers one single portal/API to assist with all Anti-Money Laundering (AML)/Know Your Customer (KYC) identity verification needs.

It announced a key product update to its platform, GlobalGateway that now includes improvements in Anti-Money Laundering (AML) capabilities, proof of address (PoA), and upgraded Know Your Business (KYB) verification offerings.

Financial institutions while offering quick and smooth digital onboarding to their customers have to monitor new and current consumers alongside applicable sanctions lists to comply with various regulations. The updates added to the platform of Trulioo will meet diverse and intricate global regulatory needs.

Michael Ramsbacker, Chief Product Officer, Trulioo, stated, “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. 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 updates announced will have an improved version of UtilityID, GlobalGateway Watchlist, and Business Verification. When these services work together simplifies customer and business enrolment, and consistently monitor fraud activities, and illegitimate activities all over the consumer lifecycle.

GlobalGateway Watchlist connects to eIDV onboarding journeys of consumers through single API integration offering screening and monitoring of users of a particular company for over 20, 000 Adverse Media list and 6K+ global watchlist.

UtilityID verifies addresses, scanning of documents, and other verification requirements based on consent. On the other hand, enhanced Business Verification to verify high-level data to stringent Ultimate Beneficial Owner verification of businesses.

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