Trulioo, an identity verification leader, and Airwallex, a top-tier global payments platform, have recently expanded their collaboration.
Trulioo offers unparalleled identity verification services, crucial for personal and business security across international borders, while Airwallex excels in streamlining global financial operations for modern businesses.
The core aim of their partnership is to bolster compliance and fortify fraud prevention mechanisms across a staggering 181 countries. This collaboration enables Airwallex to navigate the complex regulatory landscapes worldwide effectively.
Trulioo specializes in comprehensive identity verification, providing essential services like Identity Document Verification, Business Verification, and Person Match. These offerings are vital for meeting global compliance standards and mitigating fraud risks. Airwallex leverages its extensive network, maintaining over 60 licenses worldwide, to facilitate seamless financial transactions, supported by Trulioo’s robust verification frameworks.
The partnership has notably matured since its inception in 2017, expanding to incorporate Trulioo’s Business Verification services in 2022. This enhancement facilitates thorough checks on businesses and their owners, streamlining compliance processes significantly.
Elliot Colquhoun, vice president, IT & Information Security at Airwallex, highlighted the dynamic nature of this partnership: “Trulioo delivers a dynamic solution, enabling Airwallex to adapt our identity workflows over time to outpace fraud and maintain compliance.
“Partners like Trulioo are essential to effectively identify and block fraud so that we can ensure the security of over 100,000 global businesses while allowing legitimate transactions to proceed without interruption.”
Steve Munford, CEO of Trulioo, also reflected on the collaboration: “We take pride in supporting Airwallex’s remarkable global expansion.
“Our cutting-edge verification technology has empowered Airwallex to confidently enter new markets, meet stringent regulatory requirements and build trust and safety. This collaboration goes beyond technology. It’s a relationship built on flexibility, innovation and a commitment to navigating the complexities of compliance and fraud prevention across the globe.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
