Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, announced its partnership expansion with Airwallex, a leading global payments and financial platform for modern businesses. Since the two joined forces in 2017, Airwallex has integrated Trulioo Identity Document Verification, Business Verification and Person Match to achieve compliance and robust fraud prevention across 181 countries.

“Trulioo delivers a dynamic solution, enabling Airwallex to adapt our identity workflows over time to outpace fraud and maintain compliance”

Airwallex recently announced it surpassed $100 billion in annual processing volume and achieved an annual run rate of nearly $500 million. The global fintech platform maintains more than 60 licenses and permits across the globe, including money transmitter licenses in 42 U.S. jurisdictions. Airwallex adheres to regulations set by, among others, the Monetary Authority of Singapore, the Australian Securities and Investments Commission, the Financial Transactions and Reports Analysis Centre of Canada, the Financial Conduct Authority of the U.K. and the Dutch Central Bank.

Marketing Technology News: UserTesting Announces Chief Executive Officer Leadership Transition

Airwallex relies on advanced verification technology from Trulioo to navigate a complex, global regulatory landscape. Since integrating Person Match and Identity Document Verification in the APAC region in 2017, Airwallex has extended its use of Trulioo capabilities to the Americas and Europe. In 2022, the partnership expanded with the integration of Trulioo Business Verification to streamline verifying businesses and their beneficial owners.

“Trulioo delivers a dynamic solution, enabling Airwallex to adapt our identity workflows over time to outpace fraud and maintain compliance,” said Elliot Colquhoun, vice president, IT & Information Security at Airwallex. “Partners like Trulioo are essential to effectively identify and block fraud so that we can ensure the security of over 100,000 global businesses while allowing legitimate transactions to proceed without interruption.”

Across the 181 countries in which the companies have partnered, Trulioo has verified passports from 162 countries, ID cards from 119 countries and 104 types of driver’s licenses for Airwallex. In 2024, Airwallex achieved significant improvements in automatic document verification that led to a reduction in median processing times.

Marketing Technology News: MarTech Interview with Alexandra Caceres, Head of Marketing for US @ Metricool

“We take pride in supporting Airwallex’s remarkable global expansion,” said Steve Munford, Trulioo CEO. “Our cutting-edge verification technology has empowered Airwallex to confidently enter new markets, meet stringent regulatory requirements and build trust and safety. This collaboration goes beyond technology. It’s a relationship built on flexibility, innovation and a commitment to navigating the complexities of compliance and fraud prevention across the globe.”

With flexible integration options from Trulioo, including a modern API and a hosted image-capture SDK, Airwallex can quickly adjust its verification workflows to comply with evolving regulations. That agility is crucial for supporting the company’s continuous, rapid international expansion.