Enhancing cross-border payments with enhanced identity verification.

In brief:

- Nium has integrated the Trulioo Person Match identity verification capability to deliver rapid, compliant payment experiences for its UK operations.
- Initiating their partnership in 2015 for Nium’s North American operations, the capabilities and expertise of Trulioo have since empowered Nium to navigate highly regulated markets, ensuring anti-money laundering (AML) and know your customer (KYC) compliance for transactions on both ends, including thin-file consumers.
- The extended Trulioo partnership bolsters Nium’s UK operations, reducing the need for extensive administrative or engineering efforts in order to meet stringent KYC, AML, and counter-terrorist financing controls required by money service business licences across multiple markets.

What does this mean?

Dylan Lowrey, general counsel at Nium, commented: “When you are delivering new compliance solutions, you want a proven and trusted partner with global, 24/7 support to guide you and explain the landscape. As we assessed our UK compliance requirements, leveraging our trusted relationship with Trulioo only made sense. Trulioo Person Match provides us with comprehensive data sets, which are crucial for identity verification.”