Global identity verification leader Trulioo celebrates the anniversary of its Singapore office by spotlighting its contributions to regional business verification and market penetration across the Asia-Pacific.
Trulioo, a global leader in identity verification, is celebrating the one-year anniversary of its Singapore office by underscoring its substantial role in supporting Asia-Pacific (APAC) companies. The identity platform has significantly helped these companies to penetrate new markets, streamline compliance, and enhance the speed of customer and merchant onboarding. Highlighting its achievements, Trulioo announced a notable 90% business verification success rate across the APAC region, showcasing its adaptability in regions characterized by diverse languages and varying levels of data availability.
Since establishing the Singapore office, Trulioo has been pivotal for various businesses, including payment providers and financial services, looking to expand both within and outside the APAC region. The company’s 24/7 support system and sophisticated technology have been instrumental in offering bespoke verification services that are not limited by geographic or sector-specific challenges.
The impact of Trulioo’s services in the APAC region is evident in multiple success stories. For instance, a leading e-commerce platform has significantly reduced the time required to onboard businesses in China and the U.S., cutting down a week’s worth of manual processing. Likewise, a global remittance provider has successfully entered 30 markets, including several in APAC and North America, with Trulioo’s support enhancing verification processes, especially in China where a 92% match rate was achieved for the provider’s target demographic.
Furthermore, an international e-commerce brand collaborated with Trulioo to verify over 1 million Chinese businesses and their proprietors, demonstrating Trulioo’s expansive reach and precision. The platform’s capability extends beyond e-commerce, aiding a global furniture retailer to automate the verification of businesses and individuals across more than 50 markets including major economies like the U.S., Canada, the U.K., China, and Germany.
The Singapore office, under the leadership of APAC Operations Director Ivan Yang, not only acts as a regional hub but also as a center for innovation and global growth. Yang, a Shanghai native, is heralded for his youth and expertise in identity verification, and his leadership has been central to Trulioo’s expansion and the formation of strategic partnerships with over 400 partners in 50 countries.
Steve Munford, CEO of Trulioo, emphasized the strategic importance of the APAC region and praised Yang’s role in propelling growth and innovation. The company’s efforts are not only about expanding reach but also about easing the compliance burdens associated with international and cross-border operations. This is achieved through automating and enhancing traditionally manual processes, such as mapping international business entities and their ownership structures.
With a strong presence in 195 countries, verification capabilities for over 13,000 ID documents, and checks against more than 6,000 global watchlists, Trulioo continues to fortify its position as a cornerstone in the global identity verification arena. The platform’s comprehensive and customizable solutions are crucial for businesses navigating the intricacies of global digital economies, ensuring trust, compliance, and efficiency.
Trulioo will be showcasing more of its innovative solutions at Money20/20, hosted at the Queen Sirikit National Convention Center in Bangkok. This will provide an opportunity for current and potential clients to experience Trulioo’s cutting-edge solutions firsthand. For those looking to integrate robust verification systems into their operations, further information can be sought directly from Trulioo’s team or through their website.