KOHO: Overcome Regulatory Challenges

KOHO counts on Trulioo to provide a compliant mobile customer onboarding experience.

The world’s

identity

platform.

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Trulioo is a registered trademark of Trulioo Information Services Inc. in the United States, the European

Union, Canada and other countries.

Trulioo is the world’s identity platform, trusted

by leading companies for their verification

needs. The Trulioo integrated, automated

platform provides unparalleled global coverage

for business and person verification and a

comprehensive suite of in-house capabilities.

Combining its state-of-the-art technology with expert verification

knowledge across diverse markets, Trulioo enables the highest

verification assurance levels, optimizing onboarding costs and

fostering trust and security in the global digital economy.

With Trulioo identity verification,

KOHO removed the customer pain

point of lengthy onboarding.

About KOHO

Toronto-based KOHO Financial Inc. is a personal

finance startup that offers a modern way for all

Canadians to manage their personal finances.

CEO Daniel Eberhard founded KOHO in 2014 with

the vision of giving Canadians an alternative to

traditional banking services.

KOHO carefully evaluated other solutions on the market

but chose Trulioo for its cost effectiveness, scalability

and easy integration.

“With Trulioo, we have completely taken out the mental

and manual work needed to perform our due diligence,”

Eberhard said. “Our company has high standards when

it comes to the customer onboarding process. Because

we are the first point of contact for our customers, it is

mission critical that we get it right.”

With Trulioo identity verification, KOHO removed the

customer pain point of lengthy onboarding.

“For a process that typically takes days at a bank

to open an account, with identity documents after

documents required to be submitted in person, in

branch,” Eberhard said, “to a process where our

customer can sign up and be a KOHO customer in

under three minutes on their mobile phone is a major

win for us.”

Should KOHO expand beyond Canada, Eberhard

said, Trulioo can help the company scale quickly

with strong international data sources and expertise

in local regulatory models.

“When we are ready to go international,” he said,

“we can take Trulioo with us.”