Trulioo Adds Middle East, North Africa To GlobalGateway

Global identity verification company Trulioo announced Tuesday (July 12) that its identify verification product, GlobalGateway, now includes the Middle East and North Africa, helping to enable cross-border mobile money remittances. The product helps businesses comply with the varying identity verification requirements such as Anti-Money Laundering and Know Your Customer.

“The power of mobile is undeniable,” Trulioo President Jon Jones said in a press release. “New mobile money services are expected to grow by as much as 50 percent in the Middle East and North Africa, presenting our global clients with an irresistible growth opportunity.”

Citing the GSMA 2015 State of the Industry Report on Mobile Money, Trulioo said mobile money is reaching more than 411 million people around the world and is available in 85 percent of the countries where most citizens don’t have access to financial services such as a bank. This presents a big opportunity for mobile payment companies, it said. With the addition of Jordan, Lebanon, Kuwait, Saudi Arabia, Oman, Egypt and UAE, global verification coverage by Trulioo stands at over 50 countries, with more than 200 unique, independent data sources.

In May, the company announced the GlobalGateway includes coverage in Brazil, Russia, India and China, areas where business to consumer eCommerce growth rates are expected to explode and are anticipated to grow at a faster clip than more advanced regions. Last month, Trulioo announced it is participating in the Fintech Mission to Brazil, a program organized by the Consulate General of Canada, Global Affairs Canada and Industrial Research Assistance Program to create and establish research and development collaboration and co-development of FinTech products between Canada and Brazil-based companies. Trulioo’s mission is to solve the global problems associated with verifying identities online. It provides fraud prevention and compliance tools for clients around the world.