Identify verification company Trulioo Inc. today announced the launch of Trulioo Fraud Intelligence, a new capability that delivers predictive risk insights across more than 195 countries.
The feature has been designed to transform how businesses fight synthetic and third-party fraud. It does so through comprehensive coverage across diverse markets by combining hundreds of risk indicators, consortium data, advanced velocity monitoring and real-time signal monitoring, delivered through a modern, single-application programming interface.
Fraud Intelligence integrates with the company’s Know Your Customer data checks, Identity Document Verification and Watchlist Screening to provide a comprehensive risk profile of anyone anywhere in the world. The capability also adapts to specific industry use cases as well as local languages to democratize fraud prevention with robust signaling and threat scoring, according to Trulioo.
Features include an integrated solution combining KYC data checks, identity verification, watchlist screening and fraud intelligence, allowing organizations to create comprehensive risk profiles while balancing compliance, reducing friction and preventing fraud, ensuring a seamless customer experience.
The platform also utilizes fraud signals with industry-specific models, machine learning and predictive features. With the functionality, Trulioo consolidates data from numerous indicators and provides a risk score to give organizations full visibility into underlying data for accurate fraud prevention.
Additionally, the capability offers predictive risk intelligence for emails, phones and IP addresses worldwide. Trulioo’s identity intelligence network provides country-specific risk calibration, giving organizations access to vast, high-quality data to enhance fraud detection.
“The fragmented fraud prevention market forces businesses to rely on multiple point solutions to verify identities and monitor risk across regions,” said David Liu, Trulioo’s senior vice president of fraud and risk. “Trulioo Fraud Intelligence eliminates that burden. Large enterprises serving millions of customers can avoid complex, costly integrations by harnessing a unified, global capability that fights fraud during onboarding and beyond.”
Fraud Intelligence launches with availability in 195 countries to serve industries in areas such as payments, banking and marketplaces. Future enhancements will include anomaly detection, allowing the identification of unusual spikes in behavior across a set of applications.
Trulioo is a venture capital-backed startup that has raised $477 million over eight rounds, including a round of $394 million in June 2021. Investors include Technology Crossover Ventures LP, American Express Ventures, Citi Ventures Inc., Blumberg Capital and Mouro Capital S.L.