Trulioo, a leading global identity verification provider, announced that for the fourth year in a row, its platform GlobalGateway has been ranked as the number one identity verification tool in the 2019 RegTech Supplier Performance Report.
The 2019 RegTech Supplier Performance Report is published by Market Fintech Ltd. The annual report provides a clear view of the RegTech sector and focuses on the solutions gaining marketing traction, as well as the scope of these solutions and the areas of compliance they address.
“Financial firms are facing more strain than ever before; financial crimes are on the rise, industry regulations are becoming increasingly complex and customers are demanding incredibly high levels of user experience. The result is a real need for technology that can address these challenges in a single, easy-to-use solution that doesn’t strain resources or require years of training,” said Tina Snelling, founder of Market Fintech and editor of the report. “Again, Trulioo’s GlobalGateway has proven to be the solution the industry needs to navigate today’s complex RegTech climate. Trulioo addresses a global market with its ability to provide instant verification in today’s increasingly borderless world, enabling businesses anywhere to prevent fraud, mitigate risk and ease customer onboarding.”
Developed for an international market, Trulioo’s GlobalGateway solution helps businesses comply with a diverse range of identity verification requirements, including Know Your Customer (KYC) and Anti-Money Laundering (AML). Around the world, hundreds of organizations use GlobalGateway to comply with both domestic and cross-border regulatory requirements to mitigate risk, prevent fraud, reduce friction in the onboarding process and create a layer of trust between themselves and their customers.
“GlobalGateway’s consistent position atop the RegTech Performance Report rankings reinforces the sustained success we’ve had in building an effective and scalable solution that evolves to meet the changing needs of financial firms,” said Stephen Ufford, CEO and founder of Trulioo. “We value the results of this report and look towards it each year as a bellwether for the current and future states of RegTech.”
In addition to ranking Trulioo as a top ID verification tool, the report ranked Trulioo number three in the Overall RegTech Supplier Rankings.
In response to an evolving global ecosystem of compliance regulations, RegTech providers have gained significant traction in recent years. Financial services firms, under pressure to mitigate fraud while delivering strong user experiences, have turned to innovative RegTech technologies to help solve these challenges. Trulioo’s GlobalGateway has consistently been one of the industry’s top RegTech solutions through seamless, digital ID verification that helps expand into new markets and bring more of the world’s unbanked into the financial fold.
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 marketplace of global identity data and services, 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 global clients to instantly verify five billion customers and 250 million business entities in over 195 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.
Trulioo is a sponsor of the BIIA 2019 Biennial Conference and Stephen Ufford will be a panelist on the subject of Identity, which has become a high growth business activity driven by AML, KYC, eKYC compliance requirements.