Trulioo, the leading global identity verification provider, today launched the first Know Your Customer (KYC) solution to connect to 24 of the world’s largest Mobile Network Operators (MNOs). This provides the ability to verify 1.8 billion mobile users worldwide through a single service.
Twenty four MNOs from US, Canada, UK, China, India, Spain, France, and Switzerland will provide mobile identity verification to help meet KYC compliance requirements. Combining mobile network carrier data with existing KYC sources is a real game-changer, particularly for businesses with customers in China, Spain and France, three markets where it has been particularly challenging to meet KYC compliance requirements due to limited data access and availability.
Offered through Trulioo’s electronic identity verification platform, GlobalGateway, MNO authentication is used in conjunction with over 200 reliable and independent consumer data sources, such as credit, government, and banking to help instantly verify consumers during onboarding. MNOs offer enhanced coverage and convenience for identity matching, fraud prevention, proximity location, device information and call forwarding statuses.
“Trulioo has long been heavily investing in MNO relationships to grow our ecosystem of identity verification partners,” said Stephen Ufford, CEO of Trulioo. “We are very excited to be the first platform to offer the market services from dozens of MNOs through a single contract and API.”
“This really is the future of KYC,” said Ufford. “One of our missions here at Trulioo is to help our clients offer financial services to the billions of unbanked individuals around the world. Thanks to participating MNOs, these underserved individuals will now be able to open a credit, bank or merchant account by proving their identity with just a few swipes on their phone.”
Trulioo’s GlobalGateway offers clients with secure access to 4.5 billion people, 80+ countries, 250 million companies, and 400 data sources through a single API integration. MNO data represents a leap forward for financial inclusion, making it easier for people and organizations all over the world to safely transact on a global scale.