Trulioo expands digital identity verification to all of Latin America

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Access in the Dominican Republic and Uruguay, new data sources in Colombia and Mexico boost regional coverage

VANCOUVER, British Columbia — Trulioo, one of the world’s leading identity verification companies, has updated its coverage in Latin America, expanding access to the Dominican Republic and Uruguay and significantly strengthening sources of data in Colombia and Mexico. These additions strengthen the company’s ability to serve its customers by streamlining their operations in Latin America or entering the region.

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The improved coverage of Latin America will allow organizations to reliably verify attributes such as age, identity and address to comply with Know Your Customer, Know Your Business and Anti-Money Laundering regulations. Address standardization in Latin America can vary, making it difficult to achieve high match rates. However, the Trulioo eIDV service normalizes address information to dramatically increase match rates.

“Establishing and expanding identity data partnerships across Latin America is integral to our continued ability to meet the changing needs of our customers around the world,” said Michael Ramsbacker, Chief Product Officer Trulioo . “We deeply understand the needs of global businesses and are proud to extend the enhanced consumer onboarding to companies doing business in Colombia, the Dominican Republic, Mexico and Uruguay.”

Fintech activity in the region is booming, increasing the need for reliable and easy-to-use identity verification solutions. The Dominican Republic saw 129% year-over-year growth between 2017 and 2021 in its FinTech sector, while Uruguay landed in the top 20 of the Global FinTech Index in 2021 Mexico and Colombia are the leaders in fintech, holding the second and third largest hubs in Latin America, just behind Brazil.

Trulioo enables organizations to securely access over 450 data sources around the world to perform consumer and business identity verification. Additions and improvements for Latin America include 100% adult population data in the Dominican Republic and Colombia, 90% adult population in Uruguay, and significant improvements to a key data source in Mexico that will provide substantial increases verification rate. This is in addition to the strong existing coverage in Brazil, Chile, Costa Rica, Ecuador, El Salvador, Peru and Venezuela.

Find out how Trulioo helps global companies do business in Latin America and beyond with digital identity verification.

About Trulioo
Trulioo is one of the world’s leading identity verification companies, building trust online so businesses and consumers can transact securely. Trulioo provides real-time verification of 5 billion consumers and 330 million business entities globally, all through a single API integration. Organizations rely on its identity verification platform, GlobalGateway, to meet their business and compliance requirements and automate due diligence and fraud prevention workflows. Trulioo’s mission is to help provide every person on the planet with a digital identity to enable access to basic financial services and support. For more information, visit trulioo.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221018005015/en/

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