Trulioo Enhances Identity Verification With Global Person Match & Intelligent Routing

By Author: Arina Smith
Total Articles: 185
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Trulioo, a prominent global identity verification platform, has introduced Workflow Studio capabilities to expedite person matching on a global scale. Addressing the challenges companies face in ensuring accurate person matching through personally identifiable information (PII) and identity documents, Trulioo offers an integrated solution that eliminates the need for a complex assortment of vendors. The platform enhances verification processes by employing intelligent transaction routing, improving match rates, and expediting customer onboarding for businesses.

In the realm of international business, stringent regulatory requirements necessitate thorough and precise identity verification. However, the process of person matching often compels global enterprises to rely on multiple vendor solutions, resulting in intricate and time-consuming tiered functions. This approach increases costs and reduces efficiency. Trulioo addresses this legacy issue by streamlining identity verification and re-verification using automated workflows. These workflows strategically combine PII matching, ID documents, and watchlists to efficiently ...
... verify customers. By eliminating the reliance on multiple vendors and complex solution sequences, Trulioo's platform offers streamlined and effective identity verification that aligns with the dynamic regulatory landscape.

Michael Ramsbacker, Trulioo's Chief Product Officer, emphasizes that the conventional piecemeal approach to person matching through multiple vendors has been necessary due to incomplete products' inability to address diverse demographics and regional constraints. Trulioo's innovative approach eradicates the need for complex multi-vendor verification systems, enabling organizations to rapidly onboard customers and achieve a competitive edge.

Enhanced artificial intelligence and machine learning bolster Trulioo's capabilities, allowing organizations to evaluate countless configurations to strike a balance between performance, processing time, and cost. The platform applies data-driven business logic to adapt in real time to customers' PII, channeling them through the most optimized onboarding workflow. This strategy ensures optimal performance and the validation of legitimate users.

A case study involving a global brokerage and trading platform demonstrates Trulioo's impact. By customizing Know Your Customer (KYC) person matching in 20 markets and Know Your Business (KYB) in the U.S., the platform enhanced verification rates by over 7%, reducing costs per verified user, manual reviews, and abandonment. Additionally, job processing time decreased by 35%, highlighting the platform's efficiency gains.

Trulioo's dedication to verifying the identity of individuals and businesses worldwide underscores its commitment to facilitating global growth for organizations. The identity platform simplifies compliance challenges and provides real-time verification for over 5 billion individuals and 700 million business entities globally. By harnessing advanced technology designed to expedite identity verification, Trulioo empowers individuals worldwide to participate in the digital economy.

In conclusion, Trulioo's Workflow Studio capabilities mark a significant advancement in the realm of global identity verification. By consolidating person-matching processes and integrating intelligent routing, Trulioo streamlines identity verification while adhering to stringent regulatory standards. Through its innovative approach and dedication to leveraging technology, Trulioo paves the way for efficient and secure digital interactions across the globe.

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https://www.techdogs.com/tech-news/business-wire/trulioo-unveils-advanced-global-person-match-services-with-intelligent-routing-to-further-enhance-its-state-of-the-art-identity-verification-platform