June 4, 2019

Refinitiv and Trulioo announce partnership to help drive financial inclusion and fight financial crime

Refinitiv to deploy Trulioo’s advanced digital identity verification technology to help customers meet regulatory obligations

Refinitiv, a worldwide provider of financial markets data and infrastructure, and Trulioo, a leading global identity verification provider, today announced a strategic partnership that will enhance and expand access to digital identity solutions to help foster financial inclusion and fight financial crime.

The partnership aims to deliver innovative solutions that will help financial institutions across the globe reduce fraud and financial crime by verifying billions of customers online while adhering to anti-money laundering and Know-Your-Customer regulations.

According to Refinitiv’s second annual survey (1) of more than 3,000 compliance professionals, up to 72% of businesses around the world are falling prey to financial crime and intend to spend 51% more to detect and prevent financial crime. This wake-up call is leading to businesses adopting new technologies to plug compliance gaps with cloud-based data and technology the top choice, followed by Artificial Intelligence (AI) and Machine Learning (ML).

Trulioo operates a Digital Identity Network that provides instant access to over 400 procured, vetted, and trusted data sources around the world — all through a single integration. Deploying stringent security and privacy standards combined with the latest innovations in AI, biometrics and cloud computing, Trulioo’s GlobalGateway solution has access to information on more than 5 billion people, enabling organizations to run identity verification checks with accuracy, reliability, speed and scale.

“Our customers operate in a fast changing and dynamic market, and when it comes to managing their KYC, due diligence and financial crime risks, rapid changes in technology and digitalisation continue to shape the support they need,” said Phil Cotter, Managing Director of the Risk business at Refinitiv. “The partnership between Refinitiv and Trulioo will build on our expertise with World-Check, and will focus on delivering faster innovation to help customers meet these new demands and in the process meet their regulatory obligations.”

“The combination of Refinitiv’s trusted data and compliance expertise and Trulioo’s identity verification capabilities and global coverage, will bring modernized KYC processes to thousands of financial institutions around the world, and in turn, help millions of underbanked gain access to the financial services they deserve,” said Stephen Ufford, CEO of Trulioo. “Both organizations share a common mission of supporting financial inclusion through the power of world-class data and technology.”

Trulioo’s ability to verify identity on a global basis is an important factor in the decision by Refinitiv to choose them as a partner. Trulioo’s global coverage combined with their proven ability to deploy solutions at scale within financial institutions provides a good strategic fit for Refinitiv’s global customer base, and focus on helping fight financial crime. The partnership positions both companies for future growth.

Refinitiv provides accurate risk intelligence to help corporates and financial institutions comply with their regulatory obligations and risk management procedures to detect and prevent financial crime and other unlawful acts. Trusted by the world’s largest firms, its solutions, including World-Check and World-Check One, simplify day-to-day onboarding and monitoring decisions to help meet regulatory obligations.

(1) Innovation and the fight against financial crime: How data and technology can turn the tide, published by Refinitiv, May 2019

About Trulioo

Trulioo is a global identity and business verification company that provides secure access to reliable, independent and trusted data sources worldwide to verify consumers and business entities online. Trulioo’s marketplace of global identity data and services, GlobalGateway, helps organizations comply with Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements by automating Know Your Customer (KYC) and Know Your Business (KYB) workflows. Trulioo supports global clients to verify five billion customers and 250 million business entities in over 195 countries – all through a single API integration. Named as a CNBC Disruptor 50 Company, Trulioo’s mission is to solve global problems associated with verifying identities by powering fraud prevention and compliance systems for customers worldwide in an effort to increase trust and safety online. For more information visit: trulioo.com

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.


Paul Sandell

Director, Communications
+44 (0)207 542 8616

Kim Hong

VP, Marketing
+1 (888) 773-0179 ext. 712