Product Overview of Trulioo
Trulioo is a comprehensive global identity verification platform designed to help organizations streamline and enhance their identity verification, compliance, and fraud prevention processes. Here’s a detailed look at what the product does and its key features.
What Trulioo Does
Trulioo is an integrated platform that enables businesses to verify the identities of individuals and entities worldwide. It is tailored to meet the complex identity verification challenges faced by global enterprises, facilitating smooth expansion into new markets while ensuring compliance with international regulations. The platform is built to provide a single, unified solution for all identity verification needs, making it easier for companies to manage, analyze, and gain insights into their verification processes.
Key Features
Identity Verification
- Identity Document Verification: The platform can verify over 14,000 types of ID documents from more than 195 countries.
- Biometric Authentication: Utilizes biometric verification to accurately determine authenticity.
- Personally Identifiable Information Matching: Matches personal data against various global data sources.
Compliance and Due Diligence
- Know Your Customer (KYC): Helps organizations meet KYC requirements through comprehensive data checks.
- Know Your Business (KYB): Verifies business entities, covering over 330 million businesses worldwide.
- Watchlist Screening: Screens against more than 6,000 global watchlists, including sanctions lists and politically exposed persons (PEP) lists.
Fraud Prevention
- Trulioo Fraud Intelligence: Provides predictive risk insights with hundreds of risk indicators, consortium data, and advanced velocity monitoring. This capability integrates with KYC data checks, identity document verification, and watchlist screening to offer a complete risk profile.
- Real-Time Monitoring: Offers real-time analytics and automated insights to enhance fraud detection and prevention.
Workflow and Integration
- Customizable Workflows: Allows companies to create and optimize verification workflows using the no-code Workflow Studio, reducing the need for developer resources.
- API Integration: Provides a single API for easy integration, enabling access to all Trulioo services via a single token and endpoint.
Security and Scalability
- Industry-Leading Security: Built with security standards such as OAuth and mutual TLS (mTLS), ensuring a robust and secure platform.
- Scalable Infrastructure: Enables organizations to quickly launch and adapt identity verification systems as business needs evolve.
Additional Features
- Global Watchlist Screening: Screens against various global watchlists.
- Adverse Media Screening: Checks for adverse media coverage.
- Customizable Risk Scoring: Allows for tailored risk scoring models.
- Case Management and Regulatory Reporting: Facilitates efficient case management and regulatory reporting.
- Geolocation Analysis and Multi-Language Support: Provides geolocation analysis and supports multiple languages.
Functionality
Trulioo’s platform is designed to be highly flexible and customizable, allowing businesses to:
- Optimize Verification Processes: Use real-time analytics and AI-driven insights to fine-tune verification workflows.
- Enhance Customer Experience: Provide fast, automated, and secure identity verification, making a strong first impression and reducing onboarding friction.
- Mitigate Risk: Quickly identify anomalies and enhance fraud protection through advanced machine learning algorithms and predictive risk signals.
- Expand Globally: Rapidly expand into new markets with pre-built workflows tailored to country-specific regulations and market requirements.
In summary, Trulioo is a powerful, all-in-one identity verification platform that combines advanced technologies like AI, machine learning, and biometric verification to help businesses ensure compliance, prevent fraud, and optimize their global reach.