Utility Data connects to 2,000
utility providers worldwide.
2,000
Win the Race for
Global Crypto
Customers With
Automated Proof
of Address
• Solution Sheet
The crypto industry’s global expansion has created a
competitive market where differentiators, such as onboarding
speed and security, can provide the edge exchanges need.
Trulioo Utility Data is designed to provide that edge by
accelerating the Proof of Address process.
Utility Data provides an automated, easy-to-integrate
Proof of Address alternative to manual document
verification that can reduce customer onboarding
time from hours or days to just minutes. Given that
IDs can become outdated, Utility Data helps eliminate
unnecessary onboarding friction by using utility bills for
the most accurate and up-to-date record of address.
The world’s
identity
platform.
Trulioo is the world’s identity platform, trusted by leading
companies for person and business verification. Combining
state-of-the-art technology and expert knowledge across diverse
markets, Trulioo enables the highest verification assurance levels,
optimized onboarding costs and trust in the global digital economy.
Trulioo is a registered trademark of Trulioo Information Services Inc. in the United States, the European Union,
Canada and other countries.
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Utility Data Benefits
Reduce Abandonment With Faster Onboarding
Removing the need for manual document
management, Utility Data provides the speed
and convenience customers expect and can help
prevent abandonment during onboarding.
Increase Operational Efficiency
Say goodbye to time-consuming manual reviews.
Utility Data can significantly reduce operation
times by verifying addresses in a matter of
minutes.
Increase Address Accuracy
Utility Data uses the most up-to-date address
record to gain a higher level of address accuracy
and help reduce fraud risk.
By authenticating customers through direct
connection to their utility provider, Utility Data helps
avoid high-friction secondary Proof of Address
methods, such as ID document verification and
manual document review.
Connecting directly to 2,000 utility providers
worldwide, Utility Data can reduce friction, fraud,
abandonment and cost during onboarding — all while
ensuring greater address accuracy and compliance.
Accelerated Proof of Address compliance can
get verified crypto customers faster access to the
exchange so they can start transacting.
Integrate Easily
Utility Data uses the same Trulioo API, making
integration easy and giving you full control over user
onboarding.
Enhance Transparency and Compliance
Utility Data provides a downloadable PDF of the
utility bill used for verification to establish trust
through transparent information and prepare you for
customer audits.
Utility Data in Action
A multinational, multiasset investment company had
a manual review team for utility bill verification.
The day before a bull-run trading spike, the review
team had approximately 100 bills to review. By the
following morning, the number had jumped to more
than 10,000.
By leveraging Utility Data to automate utility
bill verification, the company could reduce
abandonment rates and onboard customers faster
at a time when speed to transact was critical.