PassFort and Trulioo announce a new global partnership

PassFort, a Moody’s Analytics company, and Trulioo have announced a global partnership. The collaboration gives regulated firms choice and flexibility to automate global KYC

London, 6 January, 2021: PassFort, a Moody’s Analytics company, announced today a new partnership with Trulioo, a leading global identity verification company.

Through this partnership, PassFort, a global provider of software-as-a-service regulatory technology solutions, and Trulioo will offer regulated businesses a way to digitally transform Know Your Customer (KYC) and Know Your Business (KYB) processes, no matter where in the world the business or their customers are based. 

With the increased introduction and uptake of digital financial services around the world, borders are becoming less relevant to financial technology firms and their customers. Organisations want to acquire and onboard customers from different regions and consumers do not want to be bound by their country of origin when accessing financial products. 

Research from PassFort shows that customers who received a better than expected experience of compliance onboarding, described themselves as more likely to recommend their provider (77 percent). Meanwhile, only 32 per cent of customers whose experience was worse than expected said they would recommend their provider. 

The partnership brings flexibility and worldwide coverage, so onboarding and risk monitoring can be tailored and performed digitally for any type of customer and any product anywhere in the world. PassFort provides the orchestration layer that can be used to map and manage any type of risk and compliance workflow, while integrating Trulioo’s identity verification checks to bring the robust and accurate data needed to satisfy KYC and KYB processes. 

“Over the last 12 months, more than 4.3 million compliance journeys were started in the PassFort platform in 197 countries, covering 211 jurisdictions,” said Donald Gillies, Head of PassFort, a Moody’s Analytics company. “It is really important to us and our customers that their compliance processes are efficient and scalable – growing into new regions as our customers grow and supporting their new products as they are launched. Our partnership with Trulioo creates the best possible experience for global financial services customers who can expect a smooth digital compliance journey.”

"Upholding trust and safety online is critical, especially in an increasingly borderless world," said Garient Evans, SVP, Identity Solutions at Trulioo. "We're pleased to support a global-first approach and partner with PassFort to offer the world's largest network of identity data and services through Trulioo GlobalGateway."

About PassFort, a Moody’s Analytics company

PassFort, a Moody’s Analytics company, was founded in 2015 by Donald Gillies and Henry Irish. Our solutions support regulated financial services companies to rapidly onboard more than 4.5 million customers each year in 197 countries, then manage risk and compliance standards throughout the customer lifecycle.

Born in the cloud, PassFort’s solutions are designed for the digital economy: hardware-free, affordable, flexible to configure and easy to use, with constant feature innovation and a choice of deployment options. Our low to no-code solution thrives on complexity, solving compliance challenges at scale without being costly to implement or evolve. We support multiple customer types and product lines, with effortless expansion across 211 jurisdictions.

PassFort removes the compromise between compliance and customer experience in the fight against financial crime. More efficiency. Great customer experiences. No compromise.

e. | w. | t. @PassFortKYC

About Trulioo

Trulioo is the leading global identity verification company building trust online so that businesses and consumers can transact safely and securely. Trulioo’s platform provides real-time verification of 5 billion consumers and 330 million business entities worldwide — all through a single API integration. Organizations rely on Trulioo’s identity verification solution, GlobalGateway, to help meet their business and compliance requirements and automate due diligence and fraud prevention workflows. The Trulioo mission is to help provide every person on the planet with a digital identity to enable access to basic financial services and support. For more information, visit