• Case Study
Webull Welcomes
Global Investors and
Minimizes Fraud With
Online Verification
Stop Bad
Actors at
the Door
Trulioo — Case Study
The
Challenge
Webull’s mission to provide an equal
opportunity for everyone to control
their financial future required
a free and accessible product
that delivered smooth, secure
onboarding.
As a regulated financial entity, Webull needed a
customer identification program for account opening
to comply with Know Your Customer and Anti-Money
Laundering requirements. But the company didn’t
want identity verification to delay onboarding and lead
to customer abandonment.
“A fast and reliable customer identification process
during the account opening process was crucial for
us,” said Webull CEO Anthony Denier.
Trulioo identity verification capabilities met that
requirement.
“Trulioo helped us onboard 100,000 accounts in just
the first six months,” Denier said, “all while providing a
seamless user experience.”
Webull needs to comply with
Know Your Customer and
Anti-Money Laundering
requirements.
Trulioo — Case Study
Why
Webull
Chose
Trulioo
Fraud Detection
Trulioo played a major role in identifying potentially
fraudulent users while they were trying to open
accounts with Webull.
“We utilize Trulioo to flag applicants who have
previously been involved in any fraudulent, conspirator
and/or trafficking infractions,” Denier said. “These
applicants are not onboarded as Webull clients.”
International Expansion
Trulioo connects to more than 450 data sources
across 195 countries and can verify more than
5 billion people.
“We are currently onboarding U.S. and international
clients onto our brokerage platform,” Denier said.
“Trulioo streamlined API access to international
databases allows us to almost instantly pass or fail
applicants on a mass scale.”
• Anthony Denier CEO, Webull
“
Trulioo helped us onboard
100,000 accounts in just
the first six months, all
while providing a seamless
user experience.”
The world’s
identity
platform.
Contact us
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.
The Webull app is currently
being used across the world
by over 24 million people.
Trust
Webull wanted its customer identification program
to be reliable from the start. Denier said one of
the tangible benefits of using Trulioo is Webull can
now keep “a thoroughly researched and compliant
brokerage client list.”
Affordability, Superior Technology and a
Great Team
Before choosing Trulioo, Webull did a comprehensive
search and assessment of the identity verification
market.
“Trulioo technology and flexible pricing options were
the key determinant factors in its selection,” Denier said.
“Top-notch responsiveness by the customer success
and sales team, along with strong implementation, were
the other factors.”
About Webull Financial LLC
Webull Financial is a zero-commission, online
broker-dealer with no minimum deposit
requirements to open an account. These
incentives, combined with a host of compelling
features, such as real-time market data and
financial news, make Webull Financial the
preferred solution for experienced and novice
investors alike.
The Webull app is currently being used across the
world by over 24 million people. Meanwhile, the
brokerage portion is being used in the U.S. and
some select non-U.S. locations.