About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Refinitiv and Trulioo Partner on New Digital Identity Product for KYC

Subscribe to our newsletter

Refinitiv today launched Qual-ID, a new solution combining digital identity verification and document proofing from Trulioo with risk screening from its World Check database to help improve digital onboarding of consumers and compliance with KYC and anti-money laundering (AML) regulations around the world.

The launch follows the decision earlier this year to withdraw the firm’s KYC-as-a-Service offering and focus on its point solutions – including World Check, Media Check, EDD and in the area of digital identity.

The new product enables organisations to verify identities against trusted data sources, proof legal documents, conduct anti-impersonation checks, and screen for regulatory and financial risk; such as sanctions, PEPs and adverse media. The process can be completed in one transaction and via a single point of access. It comprises three steps: identity verification, identity proofing (using facial comparison and biometric authentication), and risk screening using Refinitiv’s Risk Intelligence data via World Check.

“Financial services are in the midst of a digital identity revolution, which is being driven by a host of inter-connected factors such as regulations mandating enhanced privacy and consumers who demand more choice and flexibility,” says Phil Cotter, Managing Director of the Risk business at Refinitiv. “Qual-ID was built to solve these challenges, backed by established, proven technology and reliable data from two leading organisations. Qual-ID enables financial services providers to reap the benefits of the digital identity revolution through a global solution that facilitates trusted transactions regardless of location.”

The product is the first outcome of the strategic partnership between Refinitiv and Trulioo signed in June 2019 with the goal of modernising KYC processes and creating new verification-based solutions to reduce fraud and financial crime.

“Being a financial institution is not simple these days; regulations are rapidly evolving, money-laundering is at an all-time high and consumers are increasingly mobile yet expecting seamless user experiences. Unfortunately, many solutions fail to address this complex environment, leading to revenue loss and abandonment,” says Stephen Ufford, CEO and founder of Trulioo.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to data management for regulatory reporting

Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management has never been greater. Financial institutions must ensure accuracy, consistency, and timeliness in their...

BLOG

ISDA Finds GenAI Highly Accurate in Contracts Process but Stresses Need for Good Data

The International Swaps and Derivatives Association (ISDA) has found that a range of generative artificial intelligence models can achieve a very high level of accuracy in extracting and standardising contract details into digital form. The findings suggest that AI can be deployed to reduce time and resources as well as risks when processing data within...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...