FrankieOne and Trulioo announced a strategic technology partnership today. FrankieOne is the unified platform for identity, fraud and compliance. Trulioo is the connected risk intelligence platform. The FrankieOne Trulioo partnership expands access to global Know Your Customer (KYC), Know Your Business (KYB) and fraud capabilities. As a result, global enterprises get deeper identity, risk and fraud solutions through a single connection.
“Global organisations expect to verify customers quickly, understand who they’re dealing with and adapt as risks change,” said Simon Costello, Co-founder and CEO of FrankieOne. “Our ambition is to connect the financial crime ecosystem so customers can integrate once and access best-of-breed capabilities wherever they operate. Bringing Trulioo into that ecosystem gives them greater reach, deeper information and more choice, with the flexibility to evolve their approach without rebuilding their technology.”
Why Cross-Border Onboarding Needs Stronger Trust
Businesses keep expanding across borders, and their customers expect fast, straightforward onboarding. However, establishing trust behind the scenes grows more complex each year. Data stays fragmented, and ownership structures span several jurisdictions. Moreover, AI-enabled fraud adds new challenges. Therefore, global organisations need the reach to serve new markets. They also need the depth of information to make confident decisions.
The partnership brings Trulioo’s global verification capabilities into FrankieOne’s connected financial crime ecosystem. Customers can verify businesses and discover ultimate beneficial owners through their existing integration. They can also monitor changes over time and verify individuals. In addition, they can select the right capabilities for each market, customer and risk profile.
For business verification, customers gain access to Trulioo’s coverage of more than 700 million business entities. Trulioo also supports business and ultimate beneficial ownership verification across more than 100 markets. Its network includes government registries, credit bureaus, public records and proprietary sources. Consequently, this network strengthens the breadth and depth available through FrankieOne.
Customers can manage Trulioo’s capabilities through FrankieOne’s configurable workflows and unified portal. They can sequence checks, introduce fallbacks and apply additional verification according to risk. Thus, businesses onboard customers faster while retaining control over their decisions.
“A business is a legal entity, but its behavior is defined by the individuals who own and control it,” said Vicky Bindra, CEO of Trulioo. “Risk doesn’t end at onboarding. Bringing Trulioo’s verification, ownership discovery, and monitoring into FrankieOne gives its customers one connected view of who they’re dealing with, and shows them when that changes.”
What Customers Gain From the Partnership
The FrankieOne Trulioo partnership offers customers several clear benefits:
- Global reach, local depth: Customers get broader verification options backed by registry, ownership and identity data across markets.
- Connected due diligence: Teams verify businesses and the people behind them alongside fraud and AML checks.
- Choice and control: Customers combine providers and configure risk-based workflows for different jurisdictions and customer types.
- More rapid access to new capabilities: Services are enabled by customers via the existing FrankieOne integration. That saves on integration work and manual research.
- UBO and transparency of ownership:Customers learn who owns and controls a business even where official registries do not.
- Continuous surveillance:Teams maintain business records current after onboarding. They also get alerts when ownership or status changes.
Finally, the partnership furthers FrankieOne’s vision to provide enterprises with one connection to an evolving global financial crime ecosystem. Enterprises can more readily access specialist capabilities as businesses scale.B
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News Source: Businesswire.com
