EQ Bank Scores Double-Digit Document Verification Rate Boost With Trulioo

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Trulioo — Case Study

As we continue to see the digital banking landscape

grow, it’s nonnegotiable that we show up with accessible,

easy-to-understand and secure methods for customers to

transact with us. We’re here to guide our customers into

a future that is all digital, but where information safety

remains paramount. Technology vendors like Trulioo

have helped make this future a reality today.”

• Khamil Alhade, Growth Product Manager, EQ Bank

“Being able to make changes to our configuration

without having to go through developer cycles was

huge to me,” Alhade said. “EQ Bank is committed

to delivering product improvements quickly while

acknowledging that some changes may take longer. It’s

important for us to work with a vendor that understands

this and can help us prioritize updates that can be made

without needing a full development cycle so we can

continuously enhance the customer experience.”

With the decision made, Trulioo and EQ Bank were

on the clock. They hit the ground running, knowing

EQ Bank had a firm code freeze and if they didn’t

complete implementation by then, they wouldn’t know

how it performed before going into a visible and hotly

anticipated campaign.

The team delivered thanks to Trulioo implementation

expertise, the EQ Bank team’s agility and clear risk

frameworks, and the speed of Workflow Studio. EQ

Bank had a tested, customized document verification

system in market that was ready for what was sure to

be a dramatic boost in traffic after the Super Bowl.

“That’s about three months to turn around an update

to our onboarding journey that can seamlessly

accommodate our anticipated growth,” Alhade

said. “Our risk teams were close partners as we

implemented this new solution, and we were

impressed with how Trulioo met our stringent

requirements without compromising user experience.

That’s pretty intense and pretty great.”

After the final whistle blew at the Super Bowl and

customer traffic flooded the digital challenger bank,

EQ Bank’s conversion rates held strong, building a

foundation for customer growth throughout 2024.

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