Trulioo has announced a partnership with Wex, a global payment processing and fleet management company based in Portland, Maine. A press release from the biometric and identity company, the headquarters of which are in Vancouver, British Columbia, indicates that it will provide a global verification of documents to secure KYC processes and compliance with European Wex fuel cards customers.
Truliooo’s documents verification product uses biometrics and an automatic owner learning algorithm formed on more than 25 million world images. He analyzes more than 200 biometric markers to detect counterfeits, deep buttocks and injection attacks, with level 2 compliance of Ibeta and a 100%fraud capture rate.
Wex, which provides payment processing for business payments and employees’ benefits as well as fleet and fuel cards, landed on Trulioo after organizing a competitive assessment of the best identity verification providers. He quotes the collaborative approach of Truliooo and the higher user experience as the main reasons for the selection for the verification of identity document. According to the press release, the features for capturing the company’s guided documents and post-caption feedback were also key differentiaries.
“Our partnership with Wex reflects a shared commitment to faster, safer and smarter customer experiences,” explains Vicky Bindra, CEO of Trulioo. “In all regulated industries, companies seek to balance digital experiences smoothly with the highest safety and compliance standards. Trulioo makes this possible with intelligent and automated verification worldwide. We are proud to support Wex to continue improving integration, mitigating fraud and establishing lasting confidence with their customers. ”
William Fitzgerald, vice-president of fraud and financial crimes at Wex, said that “by replacing manual and long processes with intelligent verification, we help reduce the risk of fraud, rationalize integration and create a transparent digital experience for our customers. Trulioo is the ideal partner because we are using our fuel cards offers across Europe and beyond. ”
Article subjects
Biometric liveliness detection | Biometrics | Digital identity | Document verification | Identity verification | KYC | Boarding | TruLioo