Trulioo — Case Study
The
Challenge
50
Nium, with eight offices on four
continents, has made its mark on
the world’s payments industry. But
global expansion carries with it the
challenge of complying with a broad
range of regulatory requirements.
The company, which powers payments for four of
the top 10 Southeast Asia banks and has partnered
with payment giants such as Ripple and Visa, has
built its business around international coverage,
affordable rates, quick turnaround time and strong
customer experiences.
The backbone of Nium’s global payments
infrastructure is its robust compliance program.
As a cross-border payments company, Nium faced
the challenge of complying with diverse regulatory
requirements across various markets when
conducting customer identity verification. Nium chose
Trulioo to help it rise to that challenge.
“Each country has different requirements for identity
verification and the use of electronic verification,”
said Michael Bermingham, Nium co-founder and
chief operating officer. “[Trulioo] allows us to meet our
regulatory requirements with multiple independent
databases in each country.”
Nium has built a global
payment mesh covering
more than 50 countries
and counting.