Industry Background
Brokerage firms are financial institutions that
facilitate the purchase and sales of financial
securities. Working with an array of investors,
brokers connect buyers and sellers of stocks and
securities to complete trades and transactions.
With the growth of online trading, global exchanges,
and an increasingly borderless portfolio of
investors, brokerage firms face both opportunities
and challenges as they grow and expand into new
markets. Regardless of their location in the world,
regulations determine how brokerages perform and
operate — compliance and trust are integral parts
of the business.
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.
Identifying Growth With Trulioo
Years after implementation, the Trulioo identity
verification solution remains an important part of
each firm’s long-term growth strategy. As brokerages
continue to expand into higher-growth markets around
the world, it’s become very clear that each country
has its own unique set of challenges. While identity
verification rates are high in China, with minimal false
positives, each region requires a unique set of data
requirements and sources, especially in light of varying
worldwide compliance requirements. For instance, in
Hong Kong there is no official address system such as
postal codes or street names. This makes validating
addresses challenging, especially because brokerage
firms’ compliance protocols require an address match.
The Trulioo API offered the features and benefits they
needed to meet compliance and business needs: real-
time identity verification and Anti-Money Laundering
(AML) watchlist screening; custom rulesets; and
secure access to over 450 reliable and unique global
data sources to verify 5 billion people across more
than 195 countries.
The
Results
With just one contract and API integration, Trulioo
provided each firm with a versatile solution, adaptable
to varying market conditions. It’s this agility that’s
empowering brokerages to push the boundaries of
their business and technology. The ultimate goal is to
build a real-time application approval process, and
with the help of Trulioo, each firm has been able to
identify the right data sources and move from ideation
to execution.