“Our RegTech solution is helping to ensure regulation isn’t a cumbersome and arduous process for our customers – not only in Latin America – but around the globe.” – Zac Cohen, General Manager at Trulioo.
Vancouver, B.C. (PRWEB)
August 01, 2017
Trulioo the leading global identity verification company, today announced that it now offers real-time identity verification for citizens in six new Latin America countries through its GlobalGateway platform.
GlobalGateway’s reach now extends to Chile, Colombia, Costa Rica, Ecuador, El Salvador and Venezuela. The increased coverage will also help further Trulioo’s mission to provide cross-border Know Your Customer (KYC) and Anti-Money Laundering (AML)-compliant identity verification for every individual around the globe.
“We’re thrilled to announce that we now offer identity verification coverage to millions of people in Central and South America,” said Zac Cohen, General Manager at Trulioo. “Our RegTech solution is helping to ensure regulation isn’t a cumbersome and arduous process for our customers – not only in Latin America – but around the globe.”
Earlier this month, a Business Monitor Export Index report showed that small-to-medium sized businesses in Latin America were eager for global, cross-border business opportunities and were opting to take advantage of an increasingly digitized landscape.
“The startup ecosystem in Latin America is really beginning to flourish,” continued Cohen. “This presents tremendous opportunities for businesses, particularly those who operate online, hence the prioritization of payment infrastructure and gateways to support smooth and secure transactions while also minimizing the risk of identity fraud, tax evasion, corruption and terrorism financing.”
Recent growth in the Latin American economy, a welcome change after nearly two years of declining activity, has seen a transformation within the financial sector. Recent research from Finnovista shows that the number of fintech startups in Latin America recently surpassed 1,000, many of which are catering to the large unbanked population while also reshaping the traditional…