Trulioo Powers Record-Breaking U.S. Growth as Global Enterprises Seek Unified Verification

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced 1,996% growth in U.S. Know Your Business (KYB) transaction volume since 2023, with a 102% year-over-year increase. The KYB growth has helped fuel a 134% increase in U.S. verification volume across all Trulioo products. The Trulioo identity platform has processed more than 20 million transactions for U.S. customers in 2025, underscoring its scale and market momentum.

Research recently found the verification market is undergoing a transition, with nearly 94% of companies that use integrated identity platforms reporting Know Your Customer (KYC) and KYB management has become easier. Unified platforms are driving consolidation of payment and identity verification systems as organizations abandon fragmented, multivendor approaches. 

“We’re witnessing the end of the patchwork era in identity verification,” said Trulioo CEO Vicky Bindra. “Trulioo is leading the transformation for banks, payments companies, fintechs and digital marketplaces that need a single, global platform for trusted and scalable onboarding. Our advanced technology delivers the verification depth U.S. enterprises need across markets, ensuring they can visibility improve performance, eliminate false positives and reduce fraud and loss rates. We are committed to continuously strengthening the trust infrastructure to unleash commerce growth globally.”

The Trulioo unified platform continues to showcase its leadership in the verification market. Trulioo was recognized as a Leading Vendor in the 2025 Liminal “Link Index: Business and Entity Verification (BEV)” for the second consecutive year and won platinum and gold awards for KYC and identity verification innovation in the 2025 Juniper Research “Future Digital Awards for Fintech & Payments 2025.

Trulioo also was positioned as a major player in the “IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment.”

Enterprise Customers Win Big With Trulioo

Leading platforms are choosing Trulioo to accelerate onboarding, reduce risk and cut operational costs.

• Payments Innovation: A global online payment platform consolidated from multiple vendors to a single Trulioo integration and now achieves 90%-plus verification rates across government IDs
• Cryptocurrency Breakthrough: A U.S.-based cryptocurrency exchange expanded its use of Trulioo in May 2025 and increased verification rates from 11% to 60%, outperforming competitors by 15%

• Marketplace Transformation: A global marketplace boosted verification success from 77% to 87% by removing Social Security number requirements and streamlining onboarding with Trulioo

• Trading Platform Efficiency: A leading online trading company achieved a 10% reduction in KYC verification costs while maintaining high match rates

A Single Platform for Global Trust

With deep local expertise and global coverage, the Trulioo identity platform unites documentary, nondocumentary and business verification through a single API. That enables enterprises to strengthen security, improve conversion rates and meet compliance standards in any market while reducing complexity and cost.

Trulioo will showcase its latest product innovations Oct. 26–29 at Money20/20 USA in Las Vegas. Visit booth 9073 or meeting pod MC-8 to see how Trulioo is building trust for the next generation of digital platforms.