VANCOUVER, B.C., Nov. 20, 2018 /PRNewswire-PRWeb/ -- Trulioo, the leading global identity verification provider, has been named to the RegTech 100 list for the second consecutive year.
Commissioned by specialist research firm, RegTech Analyst, the RegTech 100 is an annual list recognizing the most innovative providers of technology solutions that address the challenges and opportunities associated with regulatory issues within financial services.
"Trulioo was awarded a place on the RegTech 100 for the second year running," said Mariyan Dimitrov, head of research, RegTech Analyst. "The analysts and industry experts on the advisory board commends Trulioo for its innovative use of structured data to enable instant identity verification for customers and businesses globally. It's a company that the compliance and technology leaders of major financial institutions need to know about in 2019."
The 100 companies were chosen by a panel of analysts and industry experts who voted from a long list of 824 companies produced by RegTech Analyst, compared to a list of 416 last year. The selected companies were recognized for their innovative use of technology to generate efficiencies and performance enhancements across the compliance function within financial institutions, which spend tens of billions of dollars on the area each year.
"We are thrilled to be included in the RegTech 100 list," said Stephen Ufford, CEO and founder of Trulioo. "Over the years, compliance, as a function, has had to evolve quite significantly to adapt to the rapid pace of regulatory change. RegTech's most defining trait is its ability to ideate simple and elegant solutions that can solve a wide swathe of problems in a scalable manner. It is becoming the mainstay -- not just in younger companies -- but also incumbent organizations that have been traditionally reluctant to embrace new technologies."
The RegTech industry has seen huge growth in the last two years, as banks and financial institutions grapple with the unrelenting pace of regulatory change across all jurisdictions. Over $4 billion has been invested in RegTech companies since the beginning of 2016.
More detailed information on all companies as well as in-depth industry analysis is available in the Global RegTech Review.
About Trulioo
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 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 supports over 500 global clients to instantly verify five billion customers and 250 million business entities in over 100 countries - all through a single API integration. Named as a 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 trulioo.com.
About RegTech Analyst
RegTech Analyst is part of FinTech Global. Their mission is to provide our clients with the most comprehensive data, the most valuable insights and the most powerful analytical tools in the global FinTech industry, to enable them to make superior business decisions.
They help their clients cut through the noise, hype, waffle and inaccurate information that permeates the FinTech industry and RegTech subsector. They equip investors, advisers, financial institutions and innovative technology companies with the essential intelligence and analysis they need to outperform their peers.
They are also founding members of the International RegTech Association and are keen to support and promote the sector.
SOURCE Trulioo
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