Banking Identity Verification Global Onboarding With the Highest Assurance Trulioo in-house capabilities deliver precise, industry-leading business and identity verification that ensures compliance and fortifies banking and account opening around the world. Book a demo Read the industry sheet The Trulioo complete suite of automated verification capabilities gives financial institutions the versatility to achieve regulatory compliance anywhere in the world while meeting customer expectations for fast, convenient onboarding. Combine business, person and document verification in a single workflow. Apply Trulioo Watchlist Screening to meet any onboarding or monitoring requirements. Trulioo delivers the freedom to verify your way, defend against fraud and expand your global presence. 01 Compliance Across the Globe Trulioo global verification capabilities, local expertise and agile workflows equip financial institutions with the technology and proficiency to achieve superior match rates and comply with regulations worldwide. Confidently enter new markets and quickly meet KYC, KYB and AML requirements. 02 Accelerate Onboarding With the Trulioo network of more than 450 global and local data sources, financial institutions can quickly verify customers and reduce onboarding abandonment. Gain the highest verification assurance with real-time access to more than 14,000 ID document types combined with biometric checks. Include integrated watchlist screening for additional due diligence. 03 Powerful Risk Mitigation The Trulioo platform enables financial institutions to build and customize risk models that integrate smoothly into verification workflows, creating robust profiles that support onboarding decisions. Intelligent routing enables a comprehensive customer assessment that thoroughly summarizes the risk rating during onboarding. 04 Confident Expansion Into New Markets Trulioo empowers financial institutions to quickly build, launch and optimize onboarding workflows that meet the requirements for any market across the globe. Organizations can deftly adjust workflows to expand across borders, match changing market conditions and respond to emerging fraud threats. “ Trulioo is a leader in ID verification. We chose the platform because of its breadth of personally identifiable data sources, impressive match rates and global footprint. Trulioo has the trusted authentication and verification experience we want to offer clients and additional layers of protection from fraud during the onboarding experience and beyond.” Ryan Schmiedl, Managing Director – Global Head of Trust & Safety, J.P. Morgan Payments. Read more Identity Platform State-of-the-Art Technology Trulioo is the only partner that delivers comprehensive person and business verification around the world with one contract, one platform and one integration. Learn about the Trulioo platform Individual Verification Rapid, Precise Identity Verification Not all KYC verification challenges are the same. Leverage artificial intelligence and machine learning, hundreds of data sources and deep expertise to customize workflows to meet your needs. Verify identities your way and comply with regulations worldwide. Learn about Individual Verification Business Verification Global Business Insights and In-Depth Data Comply with strict KYB regulations. Confirm a business’s surface details or dive deep by verifying ultimate beneficial owners or screening company officials against global watchlists. Comprehensive Business Verification with automation expedites onboarding and meets customer expectations for convenient experiences. Learn about Business Verification Watchlist Screening Fortified Customer Base Combine identity and business verification with Watchlist Screening in a dynamic workflow to accelerate onboarding and gain deeper insights into customers. Watchlist Screening provides powerful protection by screening users and businesses against more than 6,000 global watchlists and 20,000 adverse media sources. Learn about Watchlist Screening KYC and KYB: Better Together Achieve compliance, fight fraud and accelerate consumer and business onboarding through a global identity platform. Business Onboarding for Payments Streamline merchant onboarding, defend against fraud and maintain compliance anywhere in the world. Learn more Business Bank Account Opening Create automated, adaptable workflows customized to each market and risk level and achieve KYB best practices. Learn more UBO Checks for Payment Processing Identify and verify ultimate beneficial owners through one workflow to accelerate business onboarding. Learn more Consumer Bank Account Onboarding Automate onboarding for even the most difficult to verify audiences and reduce customer abandonment. Learn more Consumer Card Onboarding Curb fraudulent, fake and synthetic identities with field match signals that feed proprietary fraud decision tools. Learn more Why Choose Trulioo? 01 Optimized Onboarding Costs for Good, Verified Users Leverage Trulioo expertise and flexible combinations of data, rules and verification capabilities to optimize your onboarding costs while delivering security and convenience for customers. 02 Your Single Source of Verification Easily integrate a full suite of in-house verification services and connect to an unrivaled network of global and local data sources. 03 Guaranteed Data Privacy Trulioo follows privacy regulations and maintains ISO 27001 certification. We require our partners meet the same standards. White Paper Vetting UBO Integrity in a Post-Pandora Risk Landscape Discover how to navigate the world of UBO regulations and learn how regulators define and govern beneficial ownership under 6AMLD and the CTA. Read the white paper Our Experts Are Here to Get You Started Book a demo What You Need to Know About Banking and Compliance It starts with identity verification. Financial Services Industry Sheets Banking Beyond Borders With Trulioo Banking Beyond Borders With Trulioo Read the Industry Sheet: Learn how financial services can leverage digital identity verification to achieve speed, security and compliance in worldwide markets. Banking Article | 6 min AML in banking — from compliance to excellence AML in banking — from compliance to excellence Banks with impressive AML programs demonstrate that they care about the details and properly invest in people and technology. AML Article | 10 min AML Compliance Checklist: Best Practices for Anti-Money Laundering AML Compliance Checklist: Best Practices for Anti-Money Laundering How to implement systematic AML compliance; Anti-Money Laundering tools and processes to create resilient, efficient and cost-effective procedures. Financial Services Industry Sheets Identity Verification in Financial Services: Ensuring Compliance While Winning Customer Trust Identity Verification in Financial Services: Ensuring Compliance While Winning Customer Trust Read the Industry Sheet: See how digital identity verification can help financial services achieve compliance and ensure security and efficient onboarding. Individual Verification (KYC) White Papers Build Trust and Safety With Digital KYC Build Trust and Safety With Digital KYC Read the White Paper: Learn how to automate KYC and identity verification to reduce resource drain and win consumer confidence with efficient onboarding. Compliance Article | 4 min Perpetual KYC Applies Ongoing Customer Due Diligence for End-to-End Security Perpetual KYC Applies Ongoing Customer Due Diligence for End-to-End Security Perpetual KYC helps keep awareness of unthe risks they pose through thorough ongoing CDD procedures to help control and maintain compliance. Banking Content Hub AML and KYC Requirements for Banking Learn about efficient AML and KYC processes that contribute to compliance, customer trust and smooth onboarding experiences. Frequently Asked Questions Learn more about key industry terms and concepts. Why is compliance important in the banking industry? Financial institutions must meet legal and regulatory requirements through ongoing security, risk mitigation and fraud prevention programs. Those measures protect customers, ensure financial integrity, build trust in the institution, and help organizations avoid fines and reputational damage. What does the compliance department do in a financial institution? The compliance department builds and operates programs to meet regulatory requirements for the financial institution. The department monitors regulations and creates policies, processes and training for procedures such as onboarding, monitoring, auditing and reporting. What is KYC in banking? Banks must perform Know Your Customer (KYC) procedures to assess customer risk and comply with Anti-Money Laundering (AML) laws. KYC involves knowing a customer’s identity, financial activities and potential risk. What are AML programs in banking? AML programs are legal requirements for banks to prevent laundering of money connected to crime and terrorism. The programs establish policies and procedures to designate oversight responsibility, conduct training and perform account reviews. What is the difference between KYC and AML? KYC is an element in AML programs. KYC is a set of procedures for customer identification and due diligence. AML laws establish requirements for corresponding financial institution policies and procedures, such as KYC. Ready to Get Started? Book a demo