“In today’s borderless digital world, it’s crucial that businesses have access to a breadth of reliable data for electronic identity verification (eIDV) services in order to reduce fraud and mitigate risk, and effectively build a layer of trust online.”
Vancouver, B.C. (PRWEB)
December 05, 2017
Trulioo, the leading global identity verification provider, is delighted to be recognized as the global identity verification leader in a recent comprehensive report published by Let’s Talk Payments (LTP).
The LTP report – part of a wider study around identity verification – took a deep dive into the nuances of digital ID verification. As part of their research, LTP utilized its new fintech research and engagement platform, MEDICI, to analyze the offerings of some of the most prominent players in the identity industry and evaluate their solutions based on their proprietary evaluation framework.
“We’re very excited to be ranked #1 for our global identity verification coverage,” said Stephen Ufford, CEO of Trulioo. “In today’s borderless digital world, it’s crucial that businesses have access to a breadth of reliable data for electronic identity verification (eIDV) services in order to reduce fraud and mitigate risk, and effectively build a layer of trust online.”
The Digital ID Verification Competitive Analysis of Key Players report focused on key parameters, such as product offerings, the volume of partnerships across geographies, single interface flexibility, and the depth of verification data.
The report includes an overview of the RegTech industry, with particular focus on electronic identity verification (eIDV), the cost of identity fraud, and how regulations are affecting banks and financial institutions that are tasked with meeting Know Your Customer (KYC) requirements while providing a positive customer experience. In order to meet these ever-changing requirements, financial institutions are leveraging the latest technologies, including automation, machine learning, biometrics, blockchain, and artificial intelligence to deliver frictionless identity verification services.