30 Best CEOs of the Year 2020 30 Best CEOs of the Year 2020 | Page 45

Globally, there are an estimated
220 million children whose birth
is not recorded, excluding China,
where figures are unknown. More
than 2 billion people in this world
are unbanked and unable to access
financial services, primarily due
to a lack of traditional identity
documentation. After witnessing the
tremendous emotional reaction and
sense of belonging experienced from
the woman from India – resulting
from creation of a digital profile
(footprint), Stephen and Tanis knew
their next business venture together
would make a profound difference
in this world, hence the launch of
Trulioo.
Trulioo’s disruptive technology
encapsulates the strengths of
traditional ID verification and
implements the latest capabilities
in online tech today. Trulioo has
developed a global ID verification
solution that is not constrained
by geography, economic status,
age or gender, and available to any
business or organization around the
world at a low cost and frictionless
manner – all with consumer privacy
at the forefront.
Mission and Vision
It is Trulioo’s mission to verify
the identity of the entire human
population so that everyone,
regardless of their circumstances,
has access to essential services. Our
dream is to help build a financially
inclusive ecosystem where everyone
can transact online as equals.
Their Offerings via
the GlobalGateway
platform:
Electronic Identity
Verification
GlobalGateway’s online electronic
identity verification (eIDV) service
was developed for the international
market. It was created specifically
to help businesses comply with
Anti-Money Laundering (AML)
and Know Your Customer (KYC)
rules, and support a diverse range
of international electronic identity
verification requirements.
Some of the world’s largest banks,
online marketplaces, payment
solutions, money transfer and
remittance companies, financial
service companies, cryptocurrency
exchanges and more use
GlobalGateway. GlobalGateway’s
eIDV service is used not only for
identity verification, but also fraud
prevention, risk mitigation, age
verification, compliance, among a
host of other purposes.
ID Document Verification
If a customer is not verified during
the initial account creation process
through eIDV or if a further level of
fraud protection is desired, Trulioo
clients can request the customer
to upload a valid ID document
online or through a mobile
device and perform ID document
verification. Trulioo’s document
verification partner performs
checks to ascertain if the document
is authentic, legitimate and hasn’t
been forged or altered in any way.
The combination of eIDV and ID
Document Verification during the
Customer Due Diligence check
can assist you in meeting your
Anti-Money Laundering (AML),
Know Your Customer (KYC) and
Counter Terrorist Financing (CTF)
compliance requirements, as well as
reducing the risk of fraud.
Business Verification
Trulioo offers on-demand business
verification through GlobalGateway,
a marketplace of identity data
and services. Global Business
Verification fully automates the
retrieval of company vitals from
government registrars worldwide to
help streamline workflows for Know
Your Business (KYB), Anti-Money
Laundering (AML), Know Your
Customer (KYC) and Customer Due
Diligence (CDD) processes.
GlobalGateway provides real-time
identification and verification of
company records through official
registers, completes an AML
check of the business through
international watchlist sources,
uncovers the Ultimate Beneficial
Ownership (UBO) structure, and
performs instant electronic identity
verification for all individuals
deemed to be UBOs. GlobalGateway
analyzes, verifies and provides
business intelligence on 250 million
businesses in over 84 countries
across the world.
SR
“Our goal is to help remove barriers that are preventing
the world’s poor from accessing basic financial services.”
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