India is the world's fastest-growing major economy and management of regulatory compliance from both within India and across multiple jurisdictions is one of the biggest challenges for businesses entering this emerging market.
Vancouver, British Columbia (PRWEB) October 26, 2015
Trulioo, the leading provider of instant identity verification for the international market, today announced at Money20/20 that it now offers real-time identity verification coverage in India. With the country’s growth rate expected to surpass China’s in 2016, Trulioo has received high demand for identity verification coverage in India that adheres to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
“Jumping 16 spots in the World Economic Forum’s global rankings for competitiveness, India is the world’s fastest-growing major economy,” said Jon Jones, President of Trulioo. “Businesses from around the globe are making a beeline for India and we are helping them tackle one of the biggest challenges by streamlining their regulatory compliance process from both within India and across multiple jurisdictions.”
As a result, Trulioo is working with various enterprise customers adding ID verification services in the region, lending further support to a recent study by domestic e-commerce player Snapdeal and KPMG that showed a surge of e-commerce and overall economic activity in India.
“We are committed to providing our clients with greater efficiency, effectiveness and agility by streamlining their AML/KYC process,” said Jones. “Using the REST architecture, Trulioo’s Normalized API is built for scalability and flexibility to meet our clients’ demand for interoperability and growth into international markets.”
With the addition of India coverage, Trulioo clients now have real-time access to over four billion identities from over 40 countries through its GlobalGateway platform, to instantly meet global compliance and enhanced onboarding requirements. Trulioo currently provides frictionless identity verification services for more than 300 global clients, including Stripe, Square, PayPal, WorldRemit, ANZ Bank, and Kickstarter.
Trulioo was founded in 2011 with a mission to solve global problems associated with verifying identities online. By building a framework of trust online and implementing comprehensive privacy practices that fuses both traditional and alternative identity data, we are a step closer to achieving full financial inclusion.
About Trulioo - Trulioo is a global ID verification company that provides advanced analytics from cyber and traditional data sources to verify online identities. The company’s mission is to solve global problems associated with verifying identities online by powering fraud 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 more than 3 billion people in over 40 countries via 145 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.
About Money20/20 - Money20/20 is the largest global event enabling payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000 CEOs, from over 3,000 companies and 75 countries, expected at its 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money. The 2015 Money20/20 event is held in Las Vegas from October 25-28, 2015, followed by Money20/20 Europe in Spring 2016.