Trulioo — Case Study
The
Challenge
Fast, fortified identity verification is
the cornerstone of Plus500’s effort
to streamline customer onboarding
while maintaining regulatory
compliance across diverse markets.
Like many online trading platforms conducting
business in the European Union, Plus500 adheres
to the Cyprus Securities and Exchange Commission
mandate that organizations validate customers’
personally identifiable information against at least two
independent data sources. That requirement, among
others, places the global fintech company under
constant regulatory scrutiny.
Plus500 needed a global identity verification partner
that could navigate that complex regulatory landscape
and ensure efficient onboarding. The company
also sought a partner that could blend deep market
expertise with advanced data science to tailor
verification workflows for any onboarding scenario.
That led Plus500 to Trulioo for optimized onboarding,
regulatory compliance and elevated verification match
rates in key markets worldwide.