Trulioo — Case Study
The
Challenge
Consensys, a pioneering force in
blockchain and web3 software
technology, provides a diverse
suite of products to a wide range of
customers. The company sought
a verification solution that could
be tailored to each product while
ensuring consistent application
across its services.
Until that point, Consensys had relied on a manual
Know Your Business (KYB) process to verify
companies and their ultimate beneficial owners
(UBOs). Faced with revolutionary enhancements in
blockchain technology, the company recognized the
need for an automated, cost-effective process that
could scale as Consensys operations expanded.
The organization sought an integrated identity
verification platform that could optimize KYB and
Know Your Customer (KYC) checks, eliminate
redundancies and ensure onboarding operations could
adjust to changing conditions.
“We had other tools that we were using, but they were
not all integrated,” said Steven Szaroleta, Consensys
compliance and operational risk manager. “Trulioo
was a way to centralize all those efforts and create
efficiency.”
Consensys integrated Trulioo into its platform,
implementing Business Verification, Person Match and
Watchlist Screening capabilities through Workflow
Studio, the Trulioo no-code workflow builder.
• Steven Szaroleta Consensys compliance and operational risk manager
“
The Trulioo team was
really helpful at navigating
all the requirements for
verifying businesses.”