Global ID Verification Provider has announced that it will now be able to verify customers in Ghana and Nigeria. The procedure will take place through Trulioo’s marketplace of identity services, which is known as GlobalGateway.
This service will help banks and other financial institutions (FIs) with verifying IDs in countries that don’t have traditional ID infrastructure permitting people to get financial services that otherwise wouldn’t be possible.
Zac Cohen, COO of Trulioo, stated-
“While many African countries have made great strides in their national digital identity programs, there are many citizens who face barriers when attempting to access financial services. Financial Institutions are reluctant to do business with citizens who lack a verified digital identity, as it can put them at risk of compliance violations, which in turn constricts citizens’ connection to the global economy.”
In Nigeria, only 4% of the citizens have enrolled in the identity verification program. Whereas in Ghana the rate is higher, about 60% of Ghanaians have ID cards.
This expansion of coverage is in line with Trulioo’s mission to provide cross-border Know Your Customer (KYC) and Anti-Money Laundering (AML)-compliant identity verification for every individual around the globe. The combined 220 million residents Ghana and Nigeria can save money securely, start building credit and even out cash flow to better handle emergencies.