Trulioo

Canadian online identity verification start-up Trulioo, has acquired Global Data Company (GDC), a leader in electronic, cross-border identity verification based in Melbourne, Australia.

The Truiloo Identity Verification uses publicly available sources to perform a “minimum KYC (Know Your Customer)” check. There are 8 data sources checked by this product, where a successful verification is reported if:-

i.   A match on name and address is obtained on (at least) one data source

OR

ii.   A match on name and date of birth is obtained on (at least) one data source

This search can only be conducted on People.

Data sources (and the minimum fields required to search for them) are:-

i.   Australian Citizen File (requires Last Name, Postcode)

The name, residential address and date of birth of persons who currently reside in Australia.

ii.   Australian Property Owner File (requires Last Name, Postcode)

The names and addresses of residential persons in Australia that have made a property purchase, including some of their co-inhabitant family members.

iii.   Australian National Telephone Directory (requires Last Name, Postcode)

Derived from the Integrated Public Number Directory (IPND) which is an amalgamation of all Australian telephone carriers.

iv.   Australian Telephone Transaction History (requires Last Name, Postcode)

Created from an analysis of historical data contained within a national telephone database compiled and maintained by GDC, on phones registered at an address for a consecutive period of 3 years or more.

v.   Tenancy File (requires Last Name, Street Name, Postcode)

The database contains the name, and date of birth of persons who rent property in Australia.

vi.   ASIC People Search (requires First Name, Last Name, Date of Birth)

The name and date of birth of all persons who are registered as directors or company officers with ASIC.

vii.   GDC Australian Historical File (requires Last Name, Street Name, Postcode)

An analysis of historical data contained within the Australian Citizen File derived from historical databases held by GDC, augmented by third party sources such as change of address data, data pooling and other public sources.

viii.   Data Cooperative (requires First Name, Last Name, Street Number, Street Name, Postcode)

The name and residential address of persons who currently reside in Australia derived from a range of organizations that collect the data directly from their customers and share the data for identity verification purposes. In addition, the database is comprised of records of persons who have made financial commitments to commercial organizations.