“Mobile ID not only provides access to previously hard-to-reach customers, but it also helps international remittance services strike the right balance between maximizing security and minimizing friction." - Stephen Ufford, CEO of Trulioo.
VANCOUVER, B.C. (PRWEB) May 01, 2018
Trulioo, the leading global identity and business verification provider, is honored to announce that it has been selected as the winner of the Compliance Innovation category at this year’s RemTECH Awards. The company received the award for its new Mobile ID solution, launched earlier this year.
Now in its second year, the RemTECH Awards celebrate businesses, organizations, collectives and individuals transforming the field of global remittances. With applicants from all over the world, entries are scored based on the following criteria: originality, creativity and intent; functionality and technical qualities; ease-of-use and adoption; game-changing ability; implementation and performance; sustainability and potential for growth.
“We are thrilled to accept the RemTECH award for Compliance Innovation this year,” said Stephen Ufford, CEO of Trulioo. “Mobile ID not only provides access to previously hard-to-reach customers, but it also helps international remittance services strike the right balance between maximizing security and minimizing friction."
This year, the independent judging panel consisted of vetted fintech and payment industry experts who evaluated each entry. The panel was co-chaired by U.S. blockchain payments expert Olivia Chow and bitcoin remittance entrepreneur Luis Buenaventura. Together, the panel selected the most innovative and outstanding ideas, models and projects designed to improve remittance services worldwide.
The judges noted that Trulioo’s entry was the most compelling due to the “effectiveness, simplicity and the wide-ranging potential of the Mobile ID solution.”
"By leveraging existing industry data to provide better value to customers, Trulioo's Mobile ID was the only entry to win both an award and a mention from RemTECH judges truly validating the need for and ingenuity of their solution,” said Chow.
The RemTECH Awards 2018 will be presented May 8 in Kuala Lumpur, Malaysia as part of the 2018 Global Forum on Remittances, Investment and Development (GFRID 2018), an international platform forged to raise awareness, facilitate dialogue and promote collaboration on the contribution of migrant remittances to development.
Trulioo is a global identity and business verification company that provides secure access to reliable, independent, and trusted data sources worldwide to instantly verify consumers and business entities online. Trulioo’s bank-grade online verification platform, GlobalGateway, helps organisations 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 supports over 500 global clients to instantly verify 4.5 billion customers and 250 million business entities in over 100 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.
About the RemTECH Awards
The RemTECH Awards celebrate the businesses, organizations, collectives and individuals transforming remittances. Developed by IMTC Conferences, in partnership with Mohr World Consulting, the awards showcase the most innovative and outstanding technological ideas designed to improve remittance services worldwide.