Trulioo is a data exchange and identity verification service that collects big data and financial analytics for a variety of participating brands. Compatible with crowdfunding platforms like Kickstarter, FundRazr and Square, Trulioo connects retailers and innovators to consumer verification data across 40 different countries.
According to the brand, "data exchange enables clients and partners to set prices for elDV on a regional basis." In addition to being used for financial analytics, this service verifies consumers without saving their personal information. While beneficial for retailers and major brands, this web platform is non-invasive for consumers and protects their privacy. Though leveraging social networks, ad history and even mobile applications, this service ensures consumers' identities are kept confidential without sacrificing important data. Overall, this platform is ideal for those looking to strengthen consumer relationships while better understanding their target demographic.
What Makes This Trend Stand Out
- Data Exchange Platforms
- Financial institutions can utilize data exchange platforms like Trulioo to facilitate large scale customer data exchanges in real time and enable risk assessment and regulatory compliance checks.
- Privacy-preserving Identity Verification Services
- Privacy-preserving identity verification services like Trulioo can be leveraged by businesses to verify consumers without saving their personal information thereby enhancing consumer privacy and building trust.
- Cross-region Data Services
- Platforms like Trulioo can enable clients and partners to set prices for electronic data verification on a regional basis and allow businesses to leverage financial analytics and cross-region data services to better understand their target demographic.
Sectors Adopting This
- Financial Services
- Financial Services industry can leverage data exchange platforms like Trulioo to facilitate efficient and secure data exchange, improve risk assessment and regulatory compliance checks and enhance customer experience.
- E-commerce
- E-commerce industry can utilize privacy-preserving identity verification services provided by Trulioo to build customer trust and enable seamless and secure transactions.
- Crowdfunding Platforms
- Crowdfunding platforms like Kickstarter, FundRazr and Square can use services offered by Trulioo to verify identities of their consumers without saving their personal information, thereby enhancing consumer privacy and building trust.
