Trulioo Releases First International Mobile KYC Solution

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Trulioo now offers access to 24 Mobile Network Operators through a single contract and API.

“Trulioo has long been heavily investing in MNO relationships to grow our ecosystem of identity verification partners,” said Stephen Ufford, CEO of Trulioo. “We are very excited to be the first platform to offer the market services from dozens of MNOs through a single contract and API.

Trulioo, the leading global identity verification provider, today launched the first Know Your Customer (KYC) solution to connect to 24 of the world’s largest Mobile Network Operators (MNOs). This provides the ability to verify 1.8 billion mobile users worldwide through a single service.

Twenty four MNOs from the US, Canada, UK, China, India, Spain, France, and Switzerland will provide mobile identity verification to help meet KYC compliance requirements. Combining mobile network carrier data with existing KYC sources is a real game-changer, particularly for businesses with customers in China, Spain and France, three markets where it has been particularly challenging to meet KYC compliance requirements due to limited data access and availability.

Offered through Trulioo’s electronic identity verification (eIDV) platform, GlobalGateway, MNO authentication is used in conjunction with over 200 reliable and independent consumer data sources, such as credit, government, and banking to help instantly verify consumers during onboarding. MNOs offer enhanced coverage and convenience for identity matching, fraud prevention, proximity location, device information and call forwarding statuses.

“Trulioo has long been heavily investing in MNO relationships to grow our ecosystem of identity verification partners,” said Stephen Ufford, CEO of Trulioo. “We are very excited to be the first platform to offer the market services from dozens of MNOs through a single contract and API.

“This really is the future of KYC,” said Ufford. “One of our missions here at Trulioo is to help our clients offer financial services to the billions of unbanked individuals around the world. Thanks to the participating MNOs, these underserved individuals will now be able to open a credit, bank or merchant account by proving their identity with just a few swipes on their phone.”

Trulioo’s GlobalGateway offers clients secure access to 4.5 billion people, 80+ countries, 250 million companies, and 400 data sources through a single API integration. MNO data represents a leap forward for financial inclusion, making it easier for people and organizations all over the world to safely transact on a global scale.

About Trulioo
Trulioo is a global identity verification company that provides secure access to traditional and alternative data sources worldwide to instantly verify consumers and businesses online. Trulioo’s bank-grade online verification platform, GlobalGateway, helps organizations comply with Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements by automating Know Your Customer (KYC) and Know Your Business (KYB) workflows. Trulioo's solution leverages Optical Character Recognition, Natural Language Processing, and Artificial Intelligence technology to provide a reliable and trustworthy way for clients to evaluate new and existing customers and business entities in real-time. Trulioo supports over 500 global clients to instantly verify 4.5 billion customers and 250 million business entities in over 80 countries - all through a single API integration. Named as a 2017 CNBC Disruptor 50 Company, Trulioo’s mission is to solve global problems associated with verifying identities by powering fraud prevention and compliance systems for customers worldwide in an effort to increase trust and safety online. For more information visit http://www.trulioo.com.

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Kim Hong
@trulioo
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