PingPong Payments has partnered with identity verification platform Trulioo to strengthen its global onboarding process and compliance controls through real-time business verification and watchlist screening.
The collaboration equips PingPong with Trulioo’s Business Verification and Watchlist Screening capabilities, which enable the company to reduce manual onboarding procedures while maintaining robust Know Your Business (KYB) and Anti-Money Laundering (AML) standards across jurisdictions. The integration aims to accelerate onboarding and enhance operational efficiency for PingPong’s cross-border payment services.
“Digital-first onboarding for businesses is critical to our global payments infrastructure”
Julia Yao, Global Compliance Officer at PingPong, commented, “Ensuring compliance while providing world-class, digital-first onboarding for businesses is critical to our global payments infrastructure. As we continue to scale and power cross-border payment services for enterprises of all sizes, automation and smart technology are fundamental to delivering fast, secure payments services. Trulioo is a vital partner as we combine our regional expertise and cutting-edge technology to automate business verification around the world.”
PingPong currently operates 32 offices globally and holds over 60 financial licenses. The firm adheres to regulatory standards from authorities including the UK’s Financial Conduct Authority, the Monetary Authority of Singapore, and the Australian Securities and Investments Commission. Its cumulative transaction volume has surpassed $250 billion.
The company plans to leverage Trulioo’s platform to verify businesses in multiple markets while minimizing friction in client onboarding. Trulioo’s system accesses a global data network updated every 15 minutes, supporting the verification of more than 700 million business entities and their beneficial owners.
“Abundance of growth opportunities and a broad attack surface for fraud”
Vicky Bindra, CEO of Trulioo, said, “The digital payments boom creates an abundance of growth opportunities and a broad attack surface for fraud, meaning enterprises can no longer rely on rigid verification methods. Fast, flexible and scalable verification capabilities deliver the trust and security that form the foundation of global commerce. We’re proud to partner with PingPong to help drive growth and compliance in the cross-border payments industry.”
PingPong’s integration of automated verification tools comes as cross-border payments are projected to grow at a 5.9% compound annual rate, reaching $50 trillion by 2032. The partnership positions both companies to meet increasing regulatory scrutiny while supporting global payment flows with scalable, compliant infrastructure.
Capital.com leverages Trulioo’s capabilities
Trulioo is also widely recognized within the brokerage industry. For example, Capital.com recently partnered with Trulioo to support its global expansion with streamlined, convenient onboarding. The broker first tapped Trulioo in early 2023 to address its client onboarding frenzy. Since then, Capital.com expanded its use of Trulioo Person Match to 17 countries across EMEA, APAC, and Latin America.
Trulioo pairs market expertise with continual match rate, job processing speed, and price reviews for thousands of data source configurations per country and demographic. That in-depth data science provides peak performance and expedited onboarding for Capital.com customers.
Trulioo Person Match accesses more than 450 global and local data sources worldwide, calibrates inputs based on regional nuances, and applies natural language processing to normalize data fields to account for different formatting. That, combined with fuzzy matching to handle variations in form and spelling, delivers pinpoint verification accuracy and industry-leading match rates.
