May 16, 2017
Trulioo and Mitek join forces to offer a comprehensive global identity verification solution for fraud prevention and AML/KYC compliance
Vancouver, B.C. – (May 15, 2017) – Trulioo, the leading global identity verification company, has launched an ID document verification solution with facial comparison technology to provide an added layer of authentication to its comprehensive identity verification platform. The combination of electronic identity verification (eIDV) and ID document verification enables clients to strike the right balance of offering consumers a simple onboarding experience while ensuring the enterprise adheres to cross-border Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance requirements.
Through a partnership with Mitek (MITK), the global leader in mobile capture and identity verification software solutions serving over 5,600 financial services organizations, Trulioo’s API now collects, analyzes and authenticates 3,500 different types of passports, driver licenses and identity cards from nearly every country in the world. To prove the person holding the license is the person they say they are, the user can take a selfie and that picture is compared to the photo on the ID document.
Identity document verification with facial comparison enables an additional factor of authentication for high-value transactions, said Stephen Ufford, CEO of Trulioo. This new partnership with Mitek ensures our clients continue to have instant access to powerful tools for their fraud prevention and compliance systems.
Working in tandem, document verification combined with eIDV makes for an effective, unique and masterful combination to root out financial crime while reaping cost and time savings on staffing requirements, eliminating the need for face-to-face authentication of documents. Trulioo is the first global identity verification provider in the market to offer this combined service through a single solution.
We are pleased to collaborate with Trulioo to provide the industry with a comprehensive ID verification solution that combines both our companies’ expertise for today’s digital era, said Sarah Clark, General Manager, Identity Solutions at Mitek, a publicly traded company headquartered in San Diego, California with office in London and Amsterdam.