Trulioo opens Dublin office to support international identity verification ambitions
Trulioo has launched a new satellite office in Dublin to support its rapid growth and leverage the financial and technological opportunities available in the city, according to a company announcement.
Tech giants have been moving into Dublin, Trulioo says, helping to drive Ireland’s economy to the fastest growth rate in the EU for four consecutive years, and providing opportunity for providers of scalable technologies enabling regulatory compliance.
“Our physical presence in Dublin will allow us to work more personally with our partners and customers in Europe,” said Stephen Ufford, founder and CEO of Trulioo. “Eighty percent of global technology firms have a presence in Dublin, so it’s no surprise the city is emerging as a RegTech center.”
The company also cites a recent report from Juniper Research which suggests spending on RegTech platforms will increase from $18 billion this year to $115 billion by 2023. Trulioo has experienced exponential year-over-year growth, according to the announcement, and its new Dublin office will provide additional support and resources to clients in the Eastern Hemisphere. The Dublin office, which expands Trulioo’s presence beyond its Vancouver, B.C. headquarters and San Francisco office, will be staffed by several new hires in the city.
“RegTech solutions that help tech companies adhere to new and emerging compliance requirements are critical for creating greater efficiencies as these businesses scale and expand into new markets,” Ufford added. “With our new satellite office, Trulioo will continue to focus efforts on increasing trust and safety online by powering fraud prevention and compliance systems through a single API integration.”
Trulioo announced last month that its GlobalGateway identity verification platform covers two-thirds of the world’s population through more than 400 reliable data sources.