truCrowd recognizes the need to authenticate its users to prevent money laundering and other fraudulent activity.
Louisville, KY (PRWEB) February 26, 2014
Leading funding portal, truCrowd, has partnered with Electronic Verification Systems (EVS) to help improve their overall identity verification process for their investors and issuers. IdentiFraud Consumer will help ensure users are who they claim to be through identity verification and KBA. truCrowd will also use the EVS watchlists product to ensure compliance with their KYC and AML requirements.
truCrowd serves as the preferred equity funding portal for startups, entrepreneurs and emergent businesses while focusing to serve only non-accredited investors. The increased identity verification and use of KBA (knowledge based authentication) that EVS provides can further secure user verification and help truCrowd in becoming the most secure and fraud free funding platform for all Americans.
According to EVS Vice President of Client services, Eric Knapp, “I’ve had the pleasure of getting to know and working with truCrowd team for around a year now with another startup project.” Knapp states that, “I was honored when they approached me regarding truCrowd and wanting to use the EVS IdentiFraud Consumer product for truCrowd as well.”
EVS proudly calls truCrowd a partner as of February 2014, and will continue to serve as a resource and industry expert. “truCrowd recognizes the need to authenticate its users to prevent money laundering and other fraudulent activity. The equity crowdfunding industry can greatly benefit from using the EVS’ IdentiFruad suite of products as they are inexpensive, easy to integrate and proven effective with over 12 years of experience in the fraud prevention arena,” says Knapp.
For more information on EVS’s fraud prevention solutions or partnerships, please contact Eric Knapp, EVS Vice President of Client Services, at 502.814.1020.
About Electronic Verification Systems
Electronic Verification Systems is a leading provider of fraud prevention solutions designed to help businesses combat identity theft, control costs, satisfy governmental regulation, and support audit and control requirements. With major clients in the financial services, retail product, brokerage, education, insurance, and corporate security industries, Electronic Verification Systems provides powerful and innovative solutions to businesses and organizations across the world.