Digital Identity Network Trulioo Boosts Crypto Firm Roster With GMO Trust and Centbee

Global identity verification firm Trulioo has onboarded six new clients as part of its GlobalGateway marketplace of digital identity data and services, according to a press release emailed to PYMNTS on Tuesday (Dec. 14).

Centbee, GMO Trust, Omni Matrix, Skilling, Strike Protocols and Vintech Capital are all now part of Trulioo’s platform that enables organizations to execute identity checks to meet the stipulations of know your customer (KYC) and anti-money laundering (AML) compliance conditions.

See also: Trulioo Launches ID Verification for Gen Z, Student Inclusion

“The pandemic democratized the world of financial services, helping casual or novice investors explore financial trading online,” said Steve Munford, CEO of Trulioo.

“With cryptocurrencies becoming mainstream, digital asset issuers and exchanges understood the need to bolster their identity verification programs to securely and seamlessly onboard a huge uptick in users while meeting compliance obligations,” Munford added.

The popularity of cryptocurrency has grown exponentially in the past two years, with the global COVID-19 pandemic helping fuel the move toward digital processes for financial transactions.

Read more: Trulioo Debuts Match Rate Challenge for KYC Rates

“Leading crypto platforms rely on Trulioo’s solutions to remain agile and scale to meet growing user demand,” Munford said. “We’re pleased to partner with these six additional organizations to help their compliance teams adapt to evolving regulations, deliver positive onboarding experiences and serve customers globally.”

Using a single application programming interface (API) integration, Trulioo offers real-time verification of some five billion consumers and 330 million businesses around the world.

Trulioo’s identity verification solution, GlobalGateway, assists organizations in meeting compliance directives and automating due diligence and fraud prevention.

You may also enjoy: Trulioo’s $400 Million Fundraise Marks Latest Step In Long Unicorn Journey

With U.S. student records recently added to the company’s GlobalGateway, Trulioo customers can now verify the identity of 97% of U.S. students. The expanded verification capabilities can help Gen Z better access financial products, since most students have sparse or no credit history.