We see a huge growth opportunity in LATAM for fintech companies, especially in Brazil, given the high penetration of mobile commerce coupled with over 55 million unbanked adults.
Vancouver, British Columbia (PRWEB) June 20, 2016
Trulioo, the leading global identity verification company, today announced that they will be participating in The Fintech Mission to Brazil, a program organized by the Consulate General of Canada, Global Affairs Canada (GAC) and Industrial Research Assistance Program (IRAP) to facilitate and establish R&D collaboration and co-development of international fintech products between Canadian and Brazilian companies.
“We are honored to be selected as a Canadian delegate to participate in The Fintech mission,” said Jon Jones, President of Trulioo. “We see a huge growth opportunity in LATAM for fintech companies, especially in Brazil, given the high penetration of mobile commerce coupled with over 55 million unbanked adults - an optimal situation to co-develop fintech applications with Brazilian partners.”
Last month, Trulioo announced that its flagship identity verification solution, GlobalGateway, included coverage in BRIC (Brazil, Russia, India, China) countries, regions where B2C e-commerce growth rates are expected to grow faster than more advanced markets.
The Fintech Mission will take place in Sao Paulo, Brazil from June 20-24, 2016, coinciding with the annual fintech conference, CIAB Febraban 2016, where Canadian delegates have the opportunity to meet with local players to build a strong network of Brazilian fintech partners. The mission’s activities aim to promote R&D and innovation partnerships, facilitate market access, provide in-depth overview of the regulatory environment, and promote opportunities between Canadian and Brazilian companies.
In addition to Trulioo, there will be eight other fintech companies participating in the Fintech Mission to Brazil. Canada's emerging fintech ecosystem is strongly supported by the federal and provincial governments.
Recently, Trulioo received the ‘Best Identity Verification Solution’ award at the 2016 CNP Expo in Orlando, Florida.
Trulioo is a global ID verification company that provides advanced analytics from traditional and cyber data sources to instantly verify identities online. The company’s mission is to solve global problems associated with verifying identities online by powering fraud prevention and compliance systems for hundreds of clients worldwide in an effort to increase trust and safety online. Trulioo's bank-grade identity verification product, GlobalGateway, enables businesses to perform frictionless identity verification for 4 billion people in over 50 countries via more than 200 data sources - the widest coverage in the market. GlobalGateway helps businesses comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) identity verification needs, and provides a reliable and trustworthy way for businesses to evaluate new and existing users through one, single portal or API. For more information, visit http://www.trulioo.com.