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Australian-based investment platform Stake’s use of the Trulioo GlobalGateway to provide digital identity verification and regulatory compliance for the company’s services are enabling its expansion into new markets.

The partnership allows Stake’s customers to be onboarded and instantly verified from anywhere with GlobalGateway. They will then be able to deposit funds via the app and start trading in the U.S. stock market on the same day, according to a case study from Trulioo.

More than 70% of online marketplaces and half (52%) of financial services organisations have increased adoption of ID verification as a result of the pandemic. Businesses in the UK and U.S. have been ramping up their identity verification processes in order to protect customers during the COVID-19 pandemic.

A trend catching on in Europe could soon be coming to your office place or other establishments. While the concept of issuing special passes for those who could be coronavirus-free sounds like a great way to move towards some normality in our economy, questions about its reliability and privacy are raising some concerns.

The Globe and Mail has published their second annual ranking of Canada’s Top Growing Companies and the list of 400 businesses sprawl across sectors, from fashion to finance, and manufacture everything from medical testing devices to organic pasta. Techcouver has poured over the list to uncover Vancouver’s gems of entrepreneurial success, whether they be companies that we’ve all heard of or are hearing about for the very first time.

There is no “workaround” for the great digital shift, and remote onboarding is the way of the world now. Fortunately, that’s being well-managed with technology including artificial intelligence (AI) that has come a long way in a short time, and now possesses the “smarts” necessary. Identity verification is a prime example of how more advanced forms of AI are helping to turn the tide in the digital identity war now being waged between fraudsters and all online businesses.

“AI is especially handy in easing the frictions customers face when applying for accounts or services online, where stringent and often intrusive anti-money laundering (AML) and know your customer (KYC) procedures cause many to abandon the processes,” according to PYMNTS’ new AML/KYC Tracker® done in collaboration with Trulioo.

The rapid growth of Trulioo’s digital identity and biometrics business has led to it being declared among the top hundred fastest-growing businesses in Canada by Canadian national newspaper The Globe and Mail.

The paper’s 2020 Report on Business features a list of the country’s 400 growing companies based on three-year revenue growth. Trulioo came in at number 97. “We are thrilled to be recognized by The Globe and Mail as one of the top 100 businesses that are driving positive change in Canada,” commented Steve Munford, CEO of Trulioo.

Welcome to our second annual ranking of Canada’s Top Growing Companies. The 400 businesses on this list sprawl across sectors, from fashion to finance, and manufacture everything from medical testing devices to organic pasta.

Much of the success celebrated in these pages occurred before a global pandemic changed how most companies operate. But as you will read, many of these businesses were able to adapt, innovate and even expand despite the challenges posed by these past few months. As individual companies, and the entire country, work to rebuild, there’s more need than ever to share the stories of entrepreneurial success—and the innovations and strategies that made it possible.

Today, retail and investment banks worldwide face a pivotal moment in their evolution, as banking transitions from a digital-first towards a digital-only landscape. The COVID-19 pandemic has reduced traditional face-to-face or high street banking and forced those previously resistant to or unable to access digital banking. This understandably creates significant anxiety and fear around fraud, identity theft and financial crimes in general.

Trulioo, which provides identity verification services, will now be able to perform those functions in Pakistan. Pakistan is the world’s fifth most populous country with 212 million people, the release stated, and Trulioo will be using GlobalGateway, the largest identity verification marketplace, to help provide services in the country.
Trulioo CEO Steve Munford said the idea is to help along the expansion of banking access. “The pandemic has dramatically accelerated the shift to digital all across the world, and this means that online trust and security is now more important than ever,” he said, according to the release. “Our mission is to ensure every person on the planet has a digital identity as a means to access basic financial services and support. Being able to verify identities in the 10 most populous countries in the world is a significant milestone on our journey.”