{"id":40983,"date":"2024-01-30T19:00:24","date_gmt":"2024-01-30T19:00:24","guid":{"rendered":"https:\/\/www.trulioo.com\/blog\/"},"modified":"2024-01-30T19:00:25","modified_gmt":"2024-01-30T19:00:25","slug":"global-remittance","status":"publish","type":"post","link":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance","title":{"rendered":"Strong AML Compliance Program Enables Global Remittance Company\u2019s Expansion"},"content":{"rendered":"\n<p>Customer onboarding is critical for global remittance organizations. It\u2019s their first line of defense against money laundering and the first experience customers have with the company.<\/p>\n\n\n\n<p>But remittance organizations have to strike a delicate balance between ensuring AML compliance and providing a swift, smooth sign-up process. That presents a constant challenge because regulations and verification best practices differ widely across markets.&nbsp;<\/p>\n\n\n\n<p>Onboarding and compliance teams strive for fine-tuned onboarding that delivers optimized performance across borders, but that expertise is difficult to find. That\u2019s why six of the world\u2019s top 10 digital remittance companies trust Trulioo for digital identity verification.&nbsp;<\/p>\n\n\n\n<p>With deep local knowledge in countries around the world and a global network of data sources, Trulioo helps partners increase onboarding efficiencies without compromising speed, accuracy, compliance or the user experience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-verification-optimization-fuels-onboarding-growth\"><strong>Verification Optimization Fuels Onboarding Growth<\/strong><\/h2>\n\n\n\n<p>One prominent remittance, payments and money transfer organization wanted to increase verification rates in four critical markets.<\/p>\n\n\n\n<p>Through careful data set analysis, precise field combinations and rules tailored to each country, Trulioo elevated the remittance leader\u2019s onboarding performance.&nbsp;<\/p>\n\n\n\n<ul>\n<li>Verification rate uplifts ranging from 2% to 21% in the markets<br><\/li>\n\n\n\n<li>An estimated 20,000 new users onboarded annually in those markets<br><\/li>\n\n\n\n<li>An estimated $1.5 million annual revenue increase<\/li>\n<\/ul>\n\n\n\n<p>Trulioo examined performance in individual markets to determine the right balance of verification techniques and onboarding speed. That data-led audit ensured the organization\u2019s configuration of sources delivered the best possible performance.<\/p>\n\n\n\n<p>With the right verification tools and a commitment to value optimization, remittance organizations can accelerate customer onboarding while achieving compliance anywhere in the world.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"not-post section\">\n\t\t<a href=\"https:\/\/www.trulioo.com\/resources\/case-studies\/remittance-company-ramps-up-annual-revenue-by-1-5-million\" class=\"block bg-brown-100 md:relative md:flex md:flex-row\" >\n\t\t<div class=\"md:w-64 md:flex-shrink-0\"><\/div>\n\t\t<div class=\"md:relative md:h-fit md:w-full md:self-stretch\">\n\t\t\t\t\t\t\t<div class=\"md:absolute md:top-0 md:-left-64 md:h-full md:w-64\">\n\t\t\t\t\t<picture>\n\t\t\t\t\t\t<source media=\"(max-width: 480px)\" srcset=\"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/10\/cs-remittance-thumbnail-468x263.jpeg\">\n\t\t\t\t\t\t<source media=\"(max-width: 768px)\" srcset=\"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/10\/cs-remittance-thumbnail-608x342.jpeg\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/10\/cs-remittance-thumbnail-304x171.jpeg\" width=\"304\" height=\"171\" itemprop=\"image\" alt=\"Remittance Company Case Study\" class=\"md:h-full w-full object-cover\">\n\t\t\t\t\t<\/picture>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"pt-4 p-6 lg:pt-6\">\n\t\t\t\t<p class=\"p-sm md:p-xxs subheading md:subheading text-red-500 mb-4\">Case Study<\/p>\n\t\t\t\t<h4 class=\" mb-1 text-green-900\" >Remittance Company Ramps Up Annual Revenue by $1.5 Million<\/h4>\t\t\t\t<p class=\"p-sm md:p-xs text-green-900\">Learn how Trulioo verification optimization fueled growth for a global organization.<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/a>\n<\/div>","protected":false},"excerpt":{"rendered":"Customer onboarding is critical for global remittance organizations. It\u2019s their first line of defense against&#8230;","protected":false},"author":8,"featured_media":38718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[318,1],"post-types":[172],"post-topics":[73],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.1 (Yoast SEO v22.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strong AML Enables Global Remittance Company\u2019s Expansion<\/title>\n<meta name=\"description\" content=\"How global remittance organizations can strike a delicate balance between ensuring AML compliance and providing swift, smooth onboarding.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strong AML Enables Global Remittance Company\u2019s Expansion\" \/>\n<meta property=\"og:description\" content=\"How global remittance organizations can strike a delicate balance between ensuring AML compliance and providing swift, smooth onboarding.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance\" \/>\n<meta property=\"og:site_name\" content=\"Trulioo\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/trulioo\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-30T19:00:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T19:00:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/10\/cs-remittance-thumbnail.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Valkama\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@trulioo\" \/>\n<meta name=\"twitter:site\" content=\"@trulioo\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Valkama\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance\"},\"author\":{\"name\":\"Paul Valkama\",\"@id\":\"https:\/\/www.trulioo.com\/#\/schema\/person\/4dedbd41574b6b5754919a490ed4d5ae\"},\"headline\":\"Strong AML Compliance Program Enables Global Remittance Company\u2019s Expansion\",\"datePublished\":\"2024-01-30T19:00:24+00:00\",\"dateModified\":\"2024-01-30T19:00:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance\"},\"wordCount\":269,\"publisher\":{\"@id\":\"https:\/\/www.trulioo.com\/#organization\"},\"articleSection\":[\"Payments\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance\",\"url\":\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance\",\"name\":\"Strong AML Enables Global Remittance Company\u2019s Expansion\",\"isPartOf\":{\"@id\":\"https:\/\/www.trulioo.com\/#website\"},\"datePublished\":\"2024-01-30T19:00:24+00:00\",\"dateModified\":\"2024-01-30T19:00:25+00:00\",\"description\":\"How global remittance organizations can strike a delicate balance between ensuring AML compliance and providing swift, smooth onboarding.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.trulioo.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Payments\",\"item\":\"https:\/\/www.trulioo.com\/post-topics\/payments\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Strong AML Compliance Program Enables Global Remittance Company\u2019s Expansion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.trulioo.com\/#website\",\"url\":\"https:\/\/www.trulioo.com\/\",\"name\":\"Trulioo\",\"description\":\"Building trust online (online identity verification services)\",\"publisher\":{\"@id\":\"https:\/\/www.trulioo.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.trulioo.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.trulioo.com\/#organization\",\"name\":\"Trulioo\",\"url\":\"https:\/\/www.trulioo.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.trulioo.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/01\/Trulioo-Wordmark-Dark-Green.png\",\"contentUrl\":\"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/01\/Trulioo-Wordmark-Dark-Green.png\",\"width\":2784,\"height\":1464,\"caption\":\"Trulioo\"},\"image\":{\"@id\":\"https:\/\/www.trulioo.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/trulioo\",\"https:\/\/twitter.com\/trulioo\",\"https:\/\/www.linkedin.com\/company\/trulioo\",\"https:\/\/www.instagram.com\/trulioo_global\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.trulioo.com\/#\/schema\/person\/4dedbd41574b6b5754919a490ed4d5ae\",\"name\":\"Paul Valkama\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.trulioo.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ae0ad041b53eb878badb2c5744ad4691?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ae0ad041b53eb878badb2c5744ad4691?s=96&d=mm&r=g\",\"caption\":\"Paul Valkama\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Strong AML Enables Global Remittance Company\u2019s Expansion","description":"How global remittance organizations can strike a delicate balance between ensuring AML compliance and providing swift, smooth onboarding.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance","og_locale":"en_US","og_type":"article","og_title":"Strong AML Enables Global Remittance Company\u2019s Expansion","og_description":"How global remittance organizations can strike a delicate balance between ensuring AML compliance and providing swift, smooth onboarding.","og_url":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance","og_site_name":"Trulioo","article_publisher":"https:\/\/www.facebook.com\/trulioo","article_published_time":"2024-01-30T19:00:24+00:00","article_modified_time":"2024-01-30T19:00:25+00:00","og_image":[{"width":2400,"height":1370,"url":"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/10\/cs-remittance-thumbnail.jpeg","type":"image\/jpeg"}],"author":"Paul Valkama","twitter_card":"summary_large_image","twitter_creator":"@trulioo","twitter_site":"@trulioo","twitter_misc":{"Written by":"Paul Valkama","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance#article","isPartOf":{"@id":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance"},"author":{"name":"Paul Valkama","@id":"https:\/\/www.trulioo.com\/#\/schema\/person\/4dedbd41574b6b5754919a490ed4d5ae"},"headline":"Strong AML Compliance Program Enables Global Remittance Company\u2019s Expansion","datePublished":"2024-01-30T19:00:24+00:00","dateModified":"2024-01-30T19:00:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance"},"wordCount":269,"publisher":{"@id":"https:\/\/www.trulioo.com\/#organization"},"articleSection":["Payments"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance","url":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance","name":"Strong AML Enables Global Remittance Company\u2019s Expansion","isPartOf":{"@id":"https:\/\/www.trulioo.com\/#website"},"datePublished":"2024-01-30T19:00:24+00:00","dateModified":"2024-01-30T19:00:25+00:00","description":"How global remittance organizations can strike a delicate balance between ensuring AML compliance and providing swift, smooth onboarding.","breadcrumb":{"@id":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.trulioo.com\/blog\/payments\/global-remittance"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.trulioo.com\/blog\/payments\/global-remittance#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.trulioo.com\/"},{"@type":"ListItem","position":2,"name":"Payments","item":"https:\/\/www.trulioo.com\/post-topics\/payments"},{"@type":"ListItem","position":3,"name":"Strong AML Compliance Program Enables Global Remittance Company\u2019s Expansion"}]},{"@type":"WebSite","@id":"https:\/\/www.trulioo.com\/#website","url":"https:\/\/www.trulioo.com\/","name":"Trulioo","description":"Building trust online (online identity verification services)","publisher":{"@id":"https:\/\/www.trulioo.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.trulioo.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.trulioo.com\/#organization","name":"Trulioo","url":"https:\/\/www.trulioo.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.trulioo.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/01\/Trulioo-Wordmark-Dark-Green.png","contentUrl":"https:\/\/www.trulioo.com\/wp-content\/uploads\/2023\/01\/Trulioo-Wordmark-Dark-Green.png","width":2784,"height":1464,"caption":"Trulioo"},"image":{"@id":"https:\/\/www.trulioo.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/trulioo","https:\/\/twitter.com\/trulioo","https:\/\/www.linkedin.com\/company\/trulioo","https:\/\/www.instagram.com\/trulioo_global\/"]},{"@type":"Person","@id":"https:\/\/www.trulioo.com\/#\/schema\/person\/4dedbd41574b6b5754919a490ed4d5ae","name":"Paul Valkama","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.trulioo.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ae0ad041b53eb878badb2c5744ad4691?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ae0ad041b53eb878badb2c5744ad4691?s=96&d=mm&r=g","caption":"Paul Valkama"}}]}},"_links":{"self":[{"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/posts\/40983"}],"collection":[{"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/comments?post=40983"}],"version-history":[{"count":1,"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/posts\/40983\/revisions"}],"predecessor-version":[{"id":40992,"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/posts\/40983\/revisions\/40992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/media\/38718"}],"wp:attachment":[{"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/media?parent=40983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/categories?post=40983"},{"taxonomy":"post-types","embeddable":true,"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/post-types?post=40983"},{"taxonomy":"post-topics","embeddable":true,"href":"https:\/\/www.trulioo.com\/wp-json\/wp\/v2\/post-topics?post=40983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}