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.
About Bitbuy
Bitbuy is a Canadian platform for buying, selling,
transferring and storing cryptocurrency. It’s one of
the largest crypto platforms in the country in terms
of daily volume traded and overall use.
Bitbuy was designed for new traders seeking a
simple interface and advanced traders who know
their way around the crypto world. Bitbuy also has
a corporate division for businesses that want to get
involved in crypto.
No matter the type of user, Bitbuy understands
getting started with crypto can seem daunting, and
the company’s goal is to make the process easier.
Bitbuy’s mission is to provide a convenient, secure,
trusted and compliant platform for Canadians to
access the digital asset universe.
The
Results
High Onboarding Rates for People and Businesses
Bitbuy’s partnership with Trulioo allows the platform
to take a risk-based approach for identity verification
during onboarding. That approach enables Bitbuy
to adjust the level of verification to match the risk
associated with a client or transaction.
When Trulioo identifies inconsistencies through
cross-referencing more than 450 global data sources,
they can be flagged for Bitbuy’s compliance and
review teams for further due diligence. That allows
Bitbuy’s compliance efforts to be more thorough and
focused on specific areas.
That has improved Bitbuy’s efficiency, approval times
and client satisfaction. Using a risk-based layered
approach to identity verification has helped prevent
fraud and ensure compliance while building trust and
confidence among users.
Successfully managing a regulated crypto platform
means running efficient and accurate identity
verification from the start of the customer journey.
Since Bitbuy integrated Trulioo into the platform,
alongside other tools to improve accuracy and
efficiency, the match rate for applicants has increased
substantially, and the time it takes to complete the
process has fallen significantly.