Trulioo sees increased platform adoption & KYB business growth

Company Receives Industry Recognition for Global Identity Verification Platform
BusinessWireDecember 20, 20234 min

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, announced a significant increase in the adoption of its platform in the past year. The company, which opened a new international headquarters in Vancouver this year, also earned industry recognition following the 2023 launch of its global identity verification platform.

‚ÄúWe have built an incredible suite of technological capabilities, as reflected in the remarkable adoption rate of our identity platform since its 2023 launch,‚ÄĚ said Steve Munford, Trulioo CEO. ‚ÄúOur global platform with in-house person and business verification delivers the agility customers need to rise to the challenges of today‚Äôs rapidly growing global economy. We take immense pride in our accomplishments and will bring the same spirit of innovation and growth into 2024.‚ÄĚ

Enterprise Customer Base Expansion

Following the successful launch of its identity verification platform in early 2023, Trulioo deepened relationships with global banks, payment service providers, marketplaces, social media platforms, online trading enterprises and foreign exchanges. Among new customers, 65% chose the workflow capabilities of the Trulioo platform for fast, flexible integration.

Trulioo counts as its customers three of the five largest U.S. banks, six of the top seven global digital payment processors, five of the world’s leading online marketplaces, four of the top five international foreign exchange brokers and three of the four leading crypto exchanges. Recent strategic partnerships include J.P. Morgan Payments, Public, Syngrafii and Consensys.

Industry Recognition

Trulioo received market recognition from Liminal Research, which found that an integrated identity platform can help companies streamline customer onboarding and reverification to deliver better user experiences and enhanced security.

Trulioo was named a leader in the¬†Quadrant Knowledge Solutions SPARK Matrix‚ĄĘ: Identity Capture and Verification 2023, securing a top-five position in technology excellence. The company‚Äôs identity platform, with a full suite of person and business verification services, delivers the highest onboarding assurance and eliminates the need for multiple point solutions.

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