Trulioo — Case Study
The
Solution
How Trulioo Helps PSI-Pay Comply With Global
Regulatory Standards
Following an in-depth due diligence process with
multiple vendors, Davies and his team chose the
Trulioo RESTful (Representational State Transfer)
API. Among PSI-Pay’s decision criteria were technical
capabilities, operational stability, commercial
advantages and geographic coverage. This new
integration option enables automated electronic
identity verification, at scale, with effortless integration.
“Everything we do is carefully planned,” says Davies.
“One of the things we constantly assess is how we
perform KYC/KYB and identity verification in various
forms. It’s a process of constant review on the basis
that we evaluate criteria with a risk-based decision
making process. We evaluated multiple partners that
operate in the jurisdictions in which we operate and
where we intend to grow.”
As a company that operates across borders, PSI-Pay
needs identity verification technology with flexible and
ubiquitous compliance features. Needing to conduct
cross-border checks on a regular basis, the company
has high standards for accuracy without any wiggle-
room for operational hiccups.
“The UK’s FCA and European Union regulations require
our customers to prove who they are and where
they live, in addition to other checks,” says Davies.
“We need to be crystal clear to prove that what our
customers are providing is real and authentic. We are
also required to conduct checks on politically exposed
persons and OFAC because of our relationship with
MasterCard — an American company with a different
set of standards. We have to make sure that we’re
checking against these lists on an ongoing basis, so if a
person’s status has changed for whatever reason, we
can act accordingly.”
• Phil Davies CEO of PSI-Pay
“
Thanks to
Trulioo, we are
expanding very
rapidly — 40%
growth year
over year.”