New Innovations in Ultimate Beneficial Owner (UBO) Discovery Drive 51% Growth in APAC Business Verification Volume for Trulioo

WHY THIS MATTERS: The biggest hurdle to scaling Know Your Business (KYB) operations across high-growth markets like Asia-Pacific is not technology capacity, but the structural challenge of fragmented corporate registry data. Traditional identity verification tools break down when trying to reliably unmask the Ultimate Beneficial Owner (UBO) in countries with inconsistent or incomplete records. Trulioo’s injection of AI-governed entity resolution is a pivotal development because it transforms compliance from a cost center into an enabler of growth. By automating the stitching together of opaque ownership structures, banks and fintechs can now onboard small and medium enterprises (SMEs) faster and with greater confidence, directly addressing mounting regulatory expectations for anti-money laundering (AML) vigilance while simultaneously unlocking significant digital commerce volume across complex, high-potential corridors.

Trulioo, a leading global platform for identity verification, fraud prevention and credit decisioning, announced that new innovations in Ultimate Beneficial Owner (UBO) entity resolution drove 51% year-over-year growth in Asia-Pacific (APAC) business verification volume in 2025. These advancements in Know Your Business (KYB) capabilities from Trulioo are enabling organizations to achieve greater ownership visibility and scale verification more effectively across complex markets.

Across APAC, demand for reliable business verification is increasing as fragmented and inconsistent ownership data continues to challenge traditional KYB approaches. As organizations in APAC scale, the ability to identify and verify UBOs becomes critical to onboarding, compliance and risk management. This is driving demand for more advanced approaches that go beyond registry filings to reconstruct ownership and deliver deeper visibility.

Trulioo is redefining UBO discovery to deliver clearer ownership visibility across complex markets. Its next-generation, AI-governed and assisted engine combines global data sources to resolve incomplete or inconsistent ownership information and deliver a more accurate and complete view of business ownership at scale.

With this approach, Trulioo drove a 40% improvement in UBO coverage for one of the world’s largest social media platforms operating in APAC. Specifically, in markets where fragmented or incomplete data has traditionally limited visibility, Trulioo achieved up to 98% UBO coverage in Vietnam, 70% in the Philippines (+69% uplift), and 81% in Singapore (+24% uplift), with overall coverage reaching 85% across tested markets.

These gains translate directly into operational and productivity gains, enabling organizations to onboard more businesses faster, reduce reliance on manual review and strengthen compliance outcomes. With more complete and consistent ownership visibility, organizations can scale verification with greater confidence, particularly in SME-heavy and cross-border environments where legacy approaches often fall short.

“Across APAC, the challenge isn’t just verifying businesses, it’s understanding who ultimately owns and controls them,” said Zac Cohen, chief product officer at Trulioo. “With obscure and unreliable ownership data across SMEs, traditional KYB approaches simply don’t work at scale. We’ve built a fundamentally different way to solve this for our APAC customers. As a result, customers see higher onboarding acceptance rates, reduced manual review and the ability to scale into new markets with greater confidence. That’s what sets Trulioo apart as a global KYB provider.”

To explore how Trulioo helps organizations verify businesses and uncover ownership at scale, contact Trulioo today. For more information, visit trulioo.com

FF NEWS TAKE: This innovation is a clear move-the-needle moment, signaling the definitive shift toward AI-powered identity verification standards globally. The ability to achieve high UBO coverage in notoriously difficult markets demonstrates a scalable solution to a problem legacy compliance systems failed to crack. The immediate consequence will be a surge in cross-border SME onboarding in APAC. We must now watch for competitive solutions that utilize similar techniques and whether global regulators, who are increasingly scrutinizing UBO standards, begin to mandate this level of automated due diligence.