“We are honored that our low code hosted solution, EmbedID, is being recognized for providing the right tools to help businesses mitigate risk and prevent fraud” - Rutherford Wilson, VP of Emerging Technology at Trulioo.
VANCOUVER, British Columbia (PRWEB) November 18, 2020
Trulioo, the leading global identity verification company, today announced that its GlobalGateway EmbedID low code identity verification solution was awarded best B2B Solution during the 2020 RemTECH Awards.
“We are honored that our low code hosted solution, EmbedID, is being recognized for providing the right tools to help businesses mitigate risk and prevent fraud,” said Rutherford Wilson, VP of Emerging Technology at Trulioo. “It goes without saying that fraudsters are always looking for new targets and the current pandemic has only spiked more sophisticated attacks. EmbedID offers a holistic approach that takes into consideration the user and the level of risk presented based on AI, behavior, data and most importantly fraud signals, all through a snippet of code.”
Launched earlier this year, EmbedID was designed to help businesses detect fraud by applying a layered, risk-based approach during the account creation process. With EmbedID, businesses have the ability to quickly and easily customize their identity verification and document verification workflows to meet specific business requirements and use cases. Preconfigured to GlobalGateway – the world’s largest marketplace of reliable and independent data sources, businesses have access to modern technologies to detect fraud at various customer touchpoints. By combining this capability with a bank-grade identity verification program, businesses are able to effectively streamline identity verification processes in order to prevent fraud, while increasing trust and safety.
The RemTECH Awards celebrate the organizations, collectives and individuals transforming the financial industry with innovative and creative ideas. The awards foster an environment of collaboration to streamline cross-border money transfers and better serve the migrants, expats and businesses who rely on them.
The B2B category recognizes a new product, service or judicious idea offered by a Remittance Service Provider (RSP) on a remittance chain (origin, destination, aggregation, etc.) that is innovative, more efficient, faster, less costly or a great overall benefit to the provision of remittance.
Trulioo delivers trust, privacy and safety online through scalable and holistic identity verification. Trulioo provides organizations with secure access to GlobalGateway, the world’s largest marketplace of reliable and independent data sources, to help meet Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements, reduce the risk of fraud, and increase trust and safety online. Available through a single API integration, GlobalGateway powers instant identity and business verification for 5 billion people and 330 million companies in more than 195 countries worldwide. It serves a wide range of industries including finance, banking, eCommerce, gaming and online marketplaces.
The Trulioo mission is to help provide every person on the planet with a digital identity to enable access to basic financial services and support. Named a CNBC Disruptor 50 company, and a 2020 Technology Pioneer by the World Economic Forum, the company is committed to building more inclusive economies and societies, preventing financial crime, and helping lift millions of people out of poverty through advancements in digital identity.
About the RemTech Awards
The RemTECH Awards were created to highlight the important role of technology in achieving United Nations SDGs. Since 2017, they showcase ground-breaking solutions that contribute to the development, transparency, speed, cost, and reliability of the remittance industry. For more information about the RemTECH Awards please visit: https://remtech.org/.