ID verification firm Trulioo announces four new payments partnerships

Identification verification specialist Trulioo has announced partnerships with four payments companies comprising PayDo, Pollen Technologies, Sokin and XanderPay.

Trulioo has raised $474 million in total

Last month, Canada-based Trulioo secured $394 million in a Series D round of financing, with plans to grow across Europe and increase the headcount in its European HQ in Dublin, attract new customers and better serve existing partners.

Trulioo’s GlobalGateway orchestrates real-time identity checks that adhere to a diverse range of compliance requirements, prevent fraud and increase trust and safety online.

PayDo offers e-wallet, EU IBAN and merchant accounts for businesses and individuals; Pollen Technologies is a white-label banking and payments platform; Sokin enables global payments for consumers and businesses; and XanderPay streamlines payment solutions for hotels.

Steve Munford, CEO of Trulioo, says: “Payments providers grapple with facilitating cross-border transactions while meeting ever changing regulatory requirements. Turning to our expertise in global identity verification helps deliver frictionless customer onboarding for real-time payments, fuelling the digital economy.”

Trulioo clients can choose a balance between human judgment and automated technology in their customer due diligence. GlobalGateway helps with KYC/AML compliance across jurisdictions, which Trulioo says enables it to verify over 5 billion consumers and 330 million businesses in more than 195 countries via a single API integration.

Source: https://www.fintechfutures.com/2021/07/id-verification-firm-trulioo-announces-four-new-payments-partnerships/