J.P. Morgan Payments Partners with Trulioo for Global ID Verification

Published 8 months ago

J.P. Morgan Payments has chosen Trulioo, a global leader in identity verification solutions, to provide ID verification for its clients in an effort to combat fraud and other financial crimes.

Trulioo to Boost Client Protection Against Fraud

Trulioo will provide global person and business verification services to J.P. Morgan Payments, supporting an effortless, worldwide payments experience. Ryan Schmiedl, Managing Director - Global Head of Trust & Safety for J.P. Morgan Payments, praised Trulioo’s extensive range of personally identifiable data sources, high match rates, and global reach. He added that Trulioo’s trusted authentication and verification experience would provide clients with additional layers of protection against fraud during the onboarding process.

J.P. Morgan’s Commitment to Trust & Safety Solutions

As a leading provider of Trust & Safety solutions, J.P. Morgan invests over $12 billion annually in its technology and products. The company processes payments exceeding $9 trillion per day in over 160 countries and 120 currencies. Its Trust & Safety solutions verify users’ accounts and enhance their defenses proactively for all end-to-end payments, providing protection against fraud, improper payments, and rising cybercrimes as payment options rapidly evolve.

Benefits of the Partnership

According to Jason Tiede, Global Head of Corporate Development and Partnerships for J.P. Morgan Payments, the collaboration with Trulioo allows clients to mitigate fraud more effectively and streamlines consumer and business verification. This partnership represents a significant addition to J.P. Morgan’s expanding ecosystem of payment partnerships.

Leveraging Trulioo’s vast experience in global payments and trust and safety models, J.P. Morgan will boost its payment services by offering capabilities for consumer and business verification, including Trulioo’s Person Match and Identity Document Verification.

Trulioo’s Role in Global Verification

Steve Munford, Chief Executive Officer, Trulioo, expressed pride in working with J.P. Morgan to extend top-notch payment services to their banking clients. Trulioo, as the leader in combining Know Your Business (KYB) and Know Your Customer (KYC) on one platform, can verify people and businesses globally using real-time access to hundreds of government registries, public records, data sources, and document types. This comprehensive verification leaves no room for bad actors, ensuring J.P. Morgan clients meet the highest standards wherever they operate.

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