Trulioo has partnered with Acuant, to supplement its online identity verification marketplace, GlobalGateway. The partnership offers consumers a swift onboarding experience while ensuring regulated businesses adhere to cross-border Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance requirements.
By joining forces, Trulioo’s GlobalGateway API electronic identity verification coverage of 4.5 billion people now includes Acuant’s AssureID to offer data capture, auto-fill, document authentication, and facial recognition software. Built for efficiency and accuracy in its processing, Acuant’s technology leverages human-assisted machine learning and applies more than 50 forensic and biometric tests in seconds
“Today’s consumers expect to shop, pay, and bank on their mobile devices from anywhere and at any time,” said Stephen Ufford, CEO of Trulioo. “By partnering with companies like Acuant, businesses have access to reliable global data sources and trusted authentication technologies to instantly verify and authenticate identities online without compromising convenience or security.”
Working in tandem, document authentication and facial recognition combined with AML/KYC compliant electronic identity verification offers an effective and masterful identity proofing solution to help reduce fraud and root out financial crime during account creation.
“Our partnership with Trulioo will help customers leverage data, analytics and machine learning to quickly verify identities while dramatically reducing fraud,” said Acuant President and CEO Yossi Zekri. “Managing millions of digital transactions every year for billions of people on the planet is a large and complex task. As such, Acuant is constantly updating and expanding its library to reach across not only every US state and Canadian Province, but over 190 countries worldwide.“