Collabria Financial Services, the Canadian credit union credit card issuer, is joining forces with Trulioo, a digital identity verification firm, to establish a streamlined verification process for new cardholders.
By integrating Trulioo capabilities, Collabria plans to enhance the trust and safety of its digital platforms, while continuing its commitment to providing secure and innovative financial solutions.
As Collabria continues to expand its operations, it is looking to fully automate its Know Your Business review and Know Your Client process with the integration of Trulioo. Trulioo’s in-house verification capabilities will deliver compliant and automated onboarding experiences that increase member and cardholder satisfaction.
“The partnership with Trulioo marks a pivotal step forward in enhancing our security measures, while delivering a more streamlined, customer-centric process,” explained Jean-Marc Handfield, chief executive officer at Collabria. “With Trulioo’s cutting-edge technology, we’re elevating our measures against fraud and ensuring a faster and most importantly safer, more secure experience for our cardholders.”
Trulioo advanced identity verification technology enables the verification of more than 5 billion people and 700 million business entities across 195 countries. The Trulioo platform will support Collabria’s operations in the reduction of fraud, while ensuring a secure, efficient method to welcome new cardholders.
“We are proud to partner with Collabria to deliver streamlined identity verification solutions for their cardholders,” added Steve Munford, CEO of Trulioo. “At Trulioo, our focus is on providing industry-leading solutions that meet the evolving needs of the payments industry. By combining our intelligent technology with Collabria’s expertise, we’re confident in our ability to enhance their verification processes, improve onboarding outcomes, and open windows of possibilities for their partners and members.”
The news comes a month after Trulioo, launched its new Fraud Intelligence capability, delivering predictive risk insights across more than 195 countries.
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